ALPINE RACE ACADEMY NORGE AS

2636 ØYER

Finances

Share Ownership

Return on Equity

−73,33 %

Current Ratio

1,23

Debt-to-Equity Ratio

1,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 223 000	1 556 000	1 659 000	2 205 000
Net Income	−121 000	240 000	234 000	358 000
Total Assets	550 000	827 000	1 360 000	877 000
Total Equity	165 000	385 000	145 000	311 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 223 000	1 556 000	1 659 000	2 205 000
Expenditure	1 368 000	1 239 000	1 358 000	1 730 000
Operating Profit	−145 000	317 000	302 000	475 000
Financial Income	0	0	0	0
Financial Costs	10 000	9 000	7 000	11 000
Financial Balance	−10 000	−9 000	−7 000	−11 000
Earnings Before Tax	−155 000	308 000	295 000	464 000
Tax	−34 000	68 000	61 000	106 000
Net Income	−121 000	240 000	234 000	358 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	313 000	439 000	627 000	231 000
Total Current Assets	237 000	388 000	732 000	646 000
Total Assets	550 000	827 000	1 360 000	877 000
Total Retained Equity	135 000	355 000	115 000	281 000
Total Equity	165 000	385 000	145 000	311 000
Total Long-Term Debt	193 000	283 000	307 000	0
Total Current Debt	193 000	159 000	908 000	566 000
Total Equity and Debt	550 000	827 000	1 360 000	877 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 223 000	1 363 000	1 659 000	2 205 000
Other Income	0	193 000	0	0
Revenue	1 223 000	1 556 000	1 659 000	2 205 000
Cost of Goods Sold	273 000	371 000	254 000	219 000
Salary Costs	783 000	487 000	745 000	1 027 000
Depreciation	126 000	131 000	125 000	145 000
Impairment	0	0	0	0
Expenditure	1 368 000	1 239 000	1 358 000	1 730 000
Operating Profit	−145 000	317 000	302 000	475 000
Financial Income	0	0	0	0
Financial Costs	10 000	9 000	7 000	11 000
Financial Balance	−10 000	−9 000	−7 000	−11 000
Dividends	100 000	0	400 000	400 000
Net Income	−121 000	240 000	234 000	358 000

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	313 000	439 000	627 000	231 000
Total Tangible Assets	313 000	439 000	627 000	231 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	313 000	439 000	627 000	231 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	208 000	340 000	708 000	630 000
Total Current Assets	237 000	388 000	732 000	646 000
Total Assets	550 000	827 000	1 360 000	877 000
Total Equity	165 000	385 000	145 000	311 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	193 000	283 000	307 000	0
Creditors	42 000	52 000	284 000	61 000
Unpaid Taxes	58 000	22 000	67 000	78 000
Dividends	100 000	0	400 000	400 000
Other Current Debt	93 000	50 000	105 000	109 000
Total Current Debt	193 000	159 000	908 000	566 000
Total Equity and Debt	550 000	827 000	1 360 000	877 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−73,33 %	62,34 %	161,38 %	115,11 %
Debt-to-Equity Ratio	1,17	0,74	2,12	0
Operating Profit Margin	−11,86 %	20,37 %	18,2 %	21,54 %
Current Ratio	1,23	2,44	0,81	1,14
Quick Ratio	1,23	2,44	0,81	1,14
Equity Ratio	0,3	0,47	0,11	0,35
Gross Profit Margin	77,68 %	76,16 %	84,69 %	90,07 %