TORGY LNG AS

3112 TØNSBERG

Finances

Return on Equity

1,23 %

Current Ratio

0,15

Debt-to-Equity Ratio

3,94

Key figures (NOK)	2021	2020	2019	2018
Revenue	24 017 000	6 530 000	3 284 000	10 131 000
Net Income	100 000	−3 968 000	−5 469 000	−8 628 000
Total Assets	43 941 000	37 651 000	31 678 000	31 639 000
Total Equity	8 153 000	8 053 000	12 045 000	17 514 000

Income (NOK)	2021	2020	2019	2018
Revenue	24 017 000	6 530 000	3 284 000	10 131 000
Expenditure	25 803 000	10 390 000	8 500 000	17 994 000
Operating Profit	−1 786 000	−3 861 000	−5 216 000	−7 863 000
Financial Income	3 856 000	1 470 000	184 000	212 000
Financial Costs	1 971 000	1 578 000	437 000	977 000
Financial Balance	1 885 000	−108 000	−253 000	−765 000
Earnings Before Tax	100 000	−3 968 000	−5 469 000	−8 628 000
Tax	0	0	0	0
Net Income	100 000	−3 968 000	−5 469 000	−8 628 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	43 382 000	35 593 000	30 977 000	28 943 000
Total Current Assets	558 000	2 058 000	700 000	2 696 000
Total Assets	43 941 000	37 651 000	31 678 000	31 639 000
Total Retained Equity	0	0	0	0
Total Equity	8 153 000	8 053 000	12 045 000	17 514 000
Total Long-Term Debt	32 113 000	26 121 000	16 400 000	5 524 000
Total Current Debt	3 674 000	3 477 000	3 232 000	8 601 000
Total Equity and Debt	43 941 000	37 651 000	31 678 000	31 639 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	24 017 000	6 530 000	3 284 000	10 131 000
Other Income	0	0	0	0
Revenue	24 017 000	6 530 000	3 284 000	10 131 000
Cost of Goods Sold	19 268 000	4 575 000	1 301 000	8 666 000
Salary Costs	4 583 000	3 069 000	3 088 000	2 525 000
Depreciation	74 000	57 000	27 000	20 000
Impairment	0	0	0	4 354 000
Expenditure	25 803 000	10 390 000	8 500 000	17 994 000
Operating Profit	−1 786 000	−3 861 000	−5 216 000	−7 863 000
Financial Income	3 856 000	1 470 000	184 000	212 000
Financial Costs	1 971 000	1 578 000	437 000	977 000
Financial Balance	1 885 000	−108 000	−253 000	−765 000
Dividends	0	0	0	0
Net Income	100 000	−3 968 000	−5 469 000	−8 628 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	38 300 000	34 972 000	30 912 000	28 943 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	28 000	621 000	65 000	0
Total Tangible Assets	28 000	621 000	65 000	0
Total Fiancial Fixed Assets	5 054 000	0	0	0
Total Fixed Assets	43 382 000	35 593 000	30 977 000	28 943 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	558 000	1 191 000	287 000	541 000
Total Current Assets	558 000	2 058 000	700 000	2 696 000
Total Assets	43 941 000	37 651 000	31 678 000	31 639 000
Total Equity	8 153 000	8 053 000	12 045 000	17 514 000
Short-Term Group Debt	76 000	0	0	0
Total Long-Term Debt	32 113 000	26 121 000	16 400 000	5 524 000
Creditors	765 000	1 025 000	364 000	898 000
Unpaid Taxes	498 000	218 000	115 000	2 173 000
Dividends	0	0	0	0
Other Current Debt	2 334 000	1 641 000	2 753 000	5 108 000
Total Current Debt	3 674 000	3 477 000	3 232 000	8 601 000
Total Equity and Debt	43 941 000	37 651 000	31 678 000	31 639 000

Financial indicators	2021	2020	2019	2018
Return on Equity	1,23 %	−49,27 %	−45,4 %	−49,26 %
Debt-to-Equity Ratio	3,94	3,24	1,36	0,32
Operating Profit Margin	−7,44 %	−59,13 %	−158,83 %	−77,61 %
Current Ratio	0,15	0,59	0,22	0,31
Quick Ratio	0,15	0,59	0,22	0,31
Equity Ratio	0,19	0,21	0,38	0,55
Gross Profit Margin	19,77 %	29,94 %	60,38 %	14,46 %