TORVEN ENTREPRENØR AS

7540 KLÆBU

Finances

Share Ownership

Return on Equity

6,81 %

Current Ratio

0,89

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 415 000	14 993 000	12 361 000	10 788 000
Net Income	118 000	433 000	543 000	−92 000
Total Assets	5 284 000	6 246 000	4 343 000	3 424 000
Total Equity	1 734 000	1 615 000	1 182 000	640 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 415 000	14 993 000	12 361 000	10 788 000
Expenditure	14 207 000	14 416 000	11 615 000	10 852 000
Operating Profit	209 000	577 000	745 000	−63 000
Financial Income	0	0	1 000	0
Financial Costs	54 000	13 000	49 000	54 000
Financial Balance	−54 000	−13 000	−48 000	−54 000
Earnings Before Tax	155 000	564 000	697 000	−117 000
Tax	36 000	132 000	154 000	−25 000
Net Income	118 000	433 000	543 000	−92 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 403 000	2 547 000	1 560 000	1 307 000
Total Current Assets	2 880 000	3 699 000	2 783 000	2 118 000
Total Assets	5 284 000	6 246 000	4 343 000	3 424 000
Total Retained Equity	1 704 000	1 585 000	1 152 000	610 000
Total Equity	1 734 000	1 615 000	1 182 000	640 000
Total Long-Term Debt	325 000	364 000	454 000	0
Total Current Debt	3 225 000	4 267 000	2 707 000	2 785 000
Total Equity and Debt	5 284 000	6 246 000	4 343 000	3 424 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 431 000	14 334 000	12 361 000	10 495 000
Other Income	−16 000	659 000	0	293 000
Revenue	14 415 000	14 993 000	12 361 000	10 788 000
Cost of Goods Sold	3 277 000	4 918 000	4 448 000	3 720 000
Salary Costs	4 822 000	4 674 000	3 228 000	3 065 000
Depreciation	369 000	329 000	208 000	174 000
Impairment	0	0	0	0
Expenditure	14 207 000	14 416 000	11 615 000	10 852 000
Operating Profit	209 000	577 000	745 000	−63 000
Financial Income	0	0	1 000	0
Financial Costs	54 000	13 000	49 000	54 000
Financial Balance	−54 000	−13 000	−48 000	−54 000
Dividends	0	0	0	0
Net Income	118 000	433 000	543 000	−92 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	6 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 091 000	1 078 000	982 000	678 000
Fixtures	218 000	310 000	148 000	195 000
Total Tangible Assets	1 310 000	1 388 000	1 131 000	873 000
Total Fiancial Fixed Assets	1 094 000	1 159 000	430 000	427 000
Total Fixed Assets	2 403 000	2 547 000	1 560 000	1 307 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	77 000	505 000	339 000	181 000
Total Current Assets	2 880 000	3 699 000	2 783 000	2 118 000
Total Assets	5 284 000	6 246 000	4 343 000	3 424 000
Total Equity	1 734 000	1 615 000	1 182 000	640 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	325 000	364 000	454 000	0
Creditors	1 719 000	1 704 000	1 426 000	1 985 000
Unpaid Taxes	487 000	1 483 000	635 000	541 000
Dividends	0	0	0	0
Other Current Debt	818 000	931 000	563 000	258 000
Total Current Debt	3 225 000	4 267 000	2 707 000	2 785 000
Total Equity and Debt	5 284 000	6 246 000	4 343 000	3 424 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,81 %	26,81 %	45,94 %	−14,38 %
Debt-to-Equity Ratio	0,19	0,23	0,38	0
Operating Profit Margin	1,45 %	3,85 %	6,03 %	−0,58 %
Current Ratio	0,89	0,87	1,03	0,76
Quick Ratio	0,89	0,87	1,03	0,76
Equity Ratio	0,33	0,26	0,27	0,19
Gross Profit Margin	77,27 %	67,2 %	64,02 %	65,52 %