ALBON RACING AS

6320 ISFJORDEN

Finances

Return on Equity

30,83 %

Current Ratio

2,25

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 450 000	1 001 000	765 000	671 000
Net Income	148 000	90 000	34 000	−60 000
Total Assets	851 000	450 000	352 000	418 000
Total Equity	480 000	332 000	243 000	208 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 450 000	1 001 000	765 000	671 000
Expenditure	1 265 000	886 000	730 000	731 000
Operating Profit	185 000	115 000	35 000	−60 000
Financial Income	7 000	2 000	7 000	3 000
Financial Costs	1 000	9 000	8 000	5 000
Financial Balance	6 000	−7 000	−1 000	−2 000
Earnings Before Tax	190 000	108 000	34 000	−61 000
Tax	42 000	19 000	0	−1 000
Net Income	148 000	90 000	34 000	−60 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 000	0	0	0
Total Current Assets	836 000	450 000	352 000	418 000
Total Assets	851 000	450 000	352 000	418 000
Total Retained Equity	456 000	308 000	218 000	184 000
Total Equity	480 000	332 000	243 000	208 000
Total Long-Term Debt	0	0	0	153 000
Total Current Debt	371 000	118 000	109 000	57 000
Total Equity and Debt	851 000	450 000	352 000	418 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 450 000	1 001 000	765 000	671 000
Other Income	0	0	0	0
Revenue	1 450 000	1 001 000	765 000	671 000
Cost of Goods Sold	303 000	219 000	67 000	28 000
Salary Costs	494 000	405 000	412 000	310 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 265 000	886 000	730 000	731 000
Operating Profit	185 000	115 000	35 000	−60 000
Financial Income	7 000	2 000	7 000	3 000
Financial Costs	1 000	9 000	8 000	5 000
Financial Balance	6 000	−7 000	−1 000	−2 000
Dividends	0	0	0	0
Net Income	148 000	90 000	34 000	−60 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	15 000	0	0	0
Total Fixed Assets	15 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	599 000	362 000	314 000	356 000
Total Current Assets	836 000	450 000	352 000	418 000
Total Assets	851 000	450 000	352 000	418 000
Total Equity	480 000	332 000	243 000	208 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	153 000
Creditors	38 000	0	3 000	6 000
Unpaid Taxes	21 000	28 000	17 000	21 000
Dividends	0	0	0	0
Other Current Debt	279 000	80 000	89 000	29 000
Total Current Debt	371 000	118 000	109 000	57 000
Total Equity and Debt	851 000	450 000	352 000	418 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,83 %	27,11 %	13,99 %	−28,85 %
Debt-to-Equity Ratio	0	0	0	0,74
Operating Profit Margin	12,76 %	11,49 %	4,58 %	−8,94 %
Current Ratio	2,25	3,81	3,23	7,33
Quick Ratio	2,25	3,81	3,23	7,33
Equity Ratio	0,56	0,74	0,69	0,5
Gross Profit Margin	79,1 %	78,12 %	91,24 %	95,83 %