HG RACING AS

3262 LARVIK

Finances

Share Ownership

Return on Equity

2,48 %

Current Ratio

0,88

Debt-to-Equity Ratio

1,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	621 000	600 000	590 000	570 000
Net Income	80 000	7 000	130 000	16 000
Total Assets	7 568 000	8 113 000	8 702 000	8 607 000
Total Equity	3 226 000	3 273 000	3 266 000	3 136 000

Income (NOK)	2022	2021	2020	2019
Revenue	621 000	600 000	590 000	570 000
Expenditure	386 000	490 000	377 000	393 000
Operating Profit	236 000	110 000	213 000	176 000
Financial Income	0	0	0	0
Financial Costs	133 000	101 000	46 000	156 000
Financial Balance	−133 000	−101 000	−46 000	−156 000
Earnings Before Tax	103 000	9 000	167 000	20 000
Tax	23 000	2 000	37 000	4 000
Net Income	80 000	7 000	130 000	16 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 423 000	7 731 000	8 072 000	8 413 000
Total Current Assets	145 000	382 000	630 000	194 000
Total Assets	7 568 000	8 113 000	8 702 000	8 607 000
Total Retained Equity	149 000	197 000	189 000	59 000
Total Equity	3 226 000	3 273 000	3 266 000	3 136 000
Total Long-Term Debt	4 179 000	4 839 000	5 436 000	5 472 000
Total Current Debt	164 000	0	0	0
Total Equity and Debt	7 568 000	8 113 000	8 702 000	8 607 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	621 000	600 000	590 000	570 000
Other Income	0	0	0	0
Revenue	621 000	600 000	590 000	570 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	346 000	341 000	341 000	341 000
Impairment	0	0	0	0
Expenditure	386 000	490 000	377 000	393 000
Operating Profit	236 000	110 000	213 000	176 000
Financial Income	0	0	0	0
Financial Costs	133 000	101 000	46 000	156 000
Financial Balance	−133 000	−101 000	−46 000	−156 000
Dividends	0	0	0	0
Net Income	80 000	7 000	130 000	16 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	7 423 000	7 728 000	8 062 000	8 396 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	3 000	10 000	17 000
Total Tangible Assets	7 423 000	7 731 000	8 072 000	8 413 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 423 000	7 731 000	8 072 000	8 413 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	131 000	372 000	630 000	192 000
Total Current Assets	145 000	382 000	630 000	194 000
Total Assets	7 568 000	8 113 000	8 702 000	8 607 000
Total Equity	3 226 000	3 273 000	3 266 000	3 136 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 179 000	4 839 000	5 436 000	5 472 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	164 000	0	0	0
Total Equity and Debt	7 568 000	8 113 000	8 702 000	8 607 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,48 %	0,21 %	3,98 %	0,51 %
Debt-to-Equity Ratio	1,3	1,48	1,66	1,74
Operating Profit Margin	38 %	18,33 %	36,1 %	30,88 %
Current Ratio	0,88	-	-	-
Quick Ratio	0,88	-	-	-
Equity Ratio	0,43	0,4	0,38	0,36
Gross Profit Margin	100 %	100 %	100 %	100 %