NORWAY OFFSHORE RACING TEAM AS

2007 KJELLER

Finances

Share Ownership

Return on Equity

−31,25 %

Current Ratio

0,73

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	381 000	498 000	292 000
Net Income	−10 000	80 000	−68 000
Total Assets	702 000	755 000	807 000
Total Equity	32 000	42 000	−38 000

Income (NOK)	2022	2021	2020
Revenue	381 000	498 000	292 000
Expenditure	390 000	410 000	359 000
Operating Profit	−9 000	87 000	−67 000
Financial Income	0	0	0
Financial Costs	4 000	4 000	1 000
Financial Balance	−4 000	−4 000	−1 000
Earnings Before Tax	−13 000	83 000	−68 000
Tax	−3 000	3 000	0
Net Income	−10 000	80 000	−68 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	210 000	744 000	629 000
Total Current Assets	492 000	11 000	178 000
Total Assets	702 000	755 000	807 000
Total Retained Equity	2 000	12 000	−68 000
Total Equity	32 000	42 000	−38 000
Total Long-Term Debt	0	0	0
Total Current Debt	671 000	714 000	845 000
Total Equity and Debt	702 000	755 000	807 000

Cash flow (NOK)	2022	2021	2020
Sales Income	381 000	498 000	292 000
Other Income	0	0	0
Revenue	381 000	498 000	292 000
Cost of Goods Sold	3 000	0	94 000
Salary Costs	0	0	0
Depreciation	45 000	135 000	107 000
Impairment	0	0	0
Expenditure	390 000	410 000	359 000
Operating Profit	−9 000	87 000	−67 000
Financial Income	0	0	0
Financial Costs	4 000	4 000	1 000
Financial Balance	−4 000	−4 000	−1 000
Dividends	0	0	0
Net Income	−10 000	80 000	−68 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	3 000	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	127 000	158 000	56 000
Total Tangible Assets	207 000	744 000	629 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	210 000	744 000	629 000
Stock	343 000	0	0
Total Investments	0	0	0
Cash, Bank	132 000	0	140 000
Total Current Assets	492 000	11 000	178 000
Total Assets	702 000	755 000	807 000
Total Equity	32 000	42 000	−38 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	179 000	9 000	130 000
Unpaid Taxes	61 000	6 000	0
Dividends	0	0	0
Other Current Debt	430 000	695 000	715 000
Total Current Debt	671 000	714 000	845 000
Total Equity and Debt	702 000	755 000	807 000

Financial indicators	2022	2021	2020
Return on Equity	−31,25 %	190,48 %	178,95 %
Debt-to-Equity Ratio	0	0	−0
Operating Profit Margin	−2,36 %	17,47 %	−22,95 %
Current Ratio	0,73	0,02	0,21
Quick Ratio	1,5	0,02	0,21
Equity Ratio	0,05	0,06	−0,05
Gross Profit Margin	99,21 %	100 %	67,81 %