RACING DEPARTMENT AS

2080 EIDSVOLL

Finances

Share Ownership

Return on Equity

29,24 %

Current Ratio

1,35

Debt-to-Equity Ratio

Key figures (NOK)	2019	2018	2017	2016
Revenue	756 000	373 000	1 371 000	1 923 000
Net Income	174 000	−445 000	−290 000	459 000
Total Assets	1 126 000	1 130 000	1 261 000	1 593 000
Total Equity	595 000	421 000	867 000	1 156 000

Income (NOK)	2019	2018	2017	2016
Revenue	756 000	373 000	1 371 000	1 923 000
Expenditure	552 000	744 000	1 745 000	1 491 000
Operating Profit	203 000	−372 000	−373 000	431 000
Financial Income	2 000	1 000	4 000	198 000
Financial Costs	31 000	10 000	8 000	18 000
Financial Balance	−29 000	−9 000	−4 000	180 000
Earnings Before Tax	174 000	−381 000	−377 000	611 000
Tax	0	65 000	−88 000	152 000
Net Income	174 000	−445 000	−290 000	459 000

Balance (NOK)	2019	2018	2017	2016
Total Fixed Assets	409 000	618 000	380 000	418 000
Total Current Assets	717 000	511 000	881 000	1 175 000
Total Assets	1 126 000	1 130 000	1 261 000	1 593 000
Total Retained Equity	565 000	390 000	836 000	1 126 000
Total Equity	595 000	421 000	867 000	1 156 000
Total Long-Term Debt	0	0	0	23 000
Total Current Debt	530 000	709 000	394 000	413 000
Total Equity and Debt	1 126 000	1 130 000	1 261 000	1 593 000

Cash flow (NOK)	2019	2018	2017	2016
Sales Income	756 000	373 000	1 371 000	1 923 000
Other Income	0	0	0	0
Revenue	756 000	373 000	1 371 000	1 923 000
Cost of Goods Sold	62 000	372 000	469 000	154 000
Salary Costs	23 000	21 000	980 000	980 000
Depreciation	210 000	196 000	103 000	75 000
Impairment	0	0	0	0
Expenditure	552 000	744 000	1 745 000	1 491 000
Operating Profit	203 000	−372 000	−373 000	431 000
Financial Income	2 000	1 000	4 000	198 000
Financial Costs	31 000	10 000	8 000	18 000
Financial Balance	−29 000	−9 000	−4 000	180 000
Dividends	0	0	0	0
Net Income	174 000	−445 000	−290 000	459 000

Balance details (NOK)	2019	2018	2017	2016
Goodwill	0	0	0	0
Total Intangible Assets	0	0	65 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	123 000	0
Fixtures	409 000	618 000	192 000	418 000
Total Tangible Assets	409 000	618 000	315 000	418 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	409 000	618 000	380 000	418 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	711 000	456 000	879 000	991 000
Total Current Assets	717 000	511 000	881 000	1 175 000
Total Assets	1 126 000	1 130 000	1 261 000	1 593 000
Total Equity	595 000	421 000	867 000	1 156 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	23 000
Creditors	0	5 000	0	1 000
Unpaid Taxes	58 000	61 000	84 000	107 000
Dividends	0	0	0	0
Other Current Debt	472 000	643 000	310 000	162 000
Total Current Debt	530 000	709 000	394 000	413 000
Total Equity and Debt	1 126 000	1 130 000	1 261 000	1 593 000

Financial indicators	2019	2018	2017	2016
Return on Equity	29,24 %	−105,7 %	−33,45 %	39,71 %
Debt-to-Equity Ratio	0	0	0	0,02
Operating Profit Margin	26,85 %	−99,73 %	−27,21 %	22,41 %
Current Ratio	1,35	0,72	2,24	2,85
Quick Ratio	1,35	0,72	2,24	2,85
Equity Ratio	0,53	0,37	0,69	0,73
Gross Profit Margin	91,8 %	0,27 %	65,79 %	91,99 %