RAACO NORWAY AS

2013 SKJETTEN

Finances

Share Ownership

Return on Equity

−10,03 %

Current Ratio

5,81

Debt-to-Equity Ratio

−1,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 024 000	2 349 000	2 058 000	2 637 000
Net Income	249 000	398 000	501 000	573 000
Total Assets	575 000	554 000	165 000	409 000
Total Equity	−2 483 000	−2 732 000	−3 130 000	−3 631 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 024 000	2 349 000	2 058 000	2 637 000
Expenditure	1 724 000	1 894 000	1 490 000	1 987 000
Operating Profit	300 000	456 000	567 000	651 000
Financial Income	0	0	0	0
Financial Costs	51 000	57 000	66 000	78 000
Financial Balance	−51 000	−57 000	−66 000	−78 000
Earnings Before Tax	249 000	398 000	501 000	573 000
Tax	0	0	0	0
Net Income	249 000	398 000	501 000	573 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	575 000	554 000	165 000	409 000
Total Assets	575 000	554 000	165 000	409 000
Total Retained Equity	−2 783 000	−3 032 000	−3 430 000	−3 931 000
Total Equity	−2 483 000	−2 732 000	−3 130 000	−3 631 000
Total Long-Term Debt	2 959 000	3 110 000	3 155 000	3 861 000
Total Current Debt	99 000	175 000	140 000	179 000
Total Equity and Debt	575 000	554 000	165 000	409 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 024 000	2 349 000	1 808 000	2 137 000
Other Income	0	0	250 000	500 000
Revenue	2 024 000	2 349 000	2 058 000	2 637 000
Cost of Goods Sold	1 600 000	1 706 000	1 299 000	1 626 000
Salary Costs	0	0	0	173 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 724 000	1 894 000	1 490 000	1 987 000
Operating Profit	300 000	456 000	567 000	651 000
Financial Income	0	0	0	0
Financial Costs	51 000	57 000	66 000	78 000
Financial Balance	−51 000	−57 000	−66 000	−78 000
Dividends	0	0	0	0
Net Income	249 000	398 000	501 000	573 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	301 000	443 000	165 000	213 000
Total Current Assets	575 000	554 000	165 000	409 000
Total Assets	575 000	554 000	165 000	409 000
Total Equity	−2 483 000	−2 732 000	−3 130 000	−3 631 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 959 000	3 110 000	3 155 000	3 861 000
Creditors	20 000	0	0	20 000
Unpaid Taxes	63 000	86 000	67 000	10 000
Dividends	0	0	0	0
Other Current Debt	16 000	89 000	73 000	149 000
Total Current Debt	99 000	175 000	140 000	179 000
Total Equity and Debt	575 000	554 000	165 000	409 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,03 %	−14,57 %	−16,01 %	−15,78 %
Debt-to-Equity Ratio	−1,19	−1,14	−1,01	−1,06
Operating Profit Margin	14,82 %	19,41 %	27,55 %	24,69 %
Current Ratio	5,81	3,17	1,18	2,28
Quick Ratio	5,81	3,17	1,18	2,28
Equity Ratio	−4,32	−4,93	−18,97	−8,88
Gross Profit Margin	20,95 %	27,37 %	36,88 %	38,34 %