RING AUTO SERVICE AS

3511 HØNEFOSS

Finances

Return on Equity

8 %

Current Ratio

1,51

Debt-to-Equity Ratio

0,4

Key figures (NOK)	2022	2021	2020	2019
Revenue	80 785 000	54 094 000	57 475 000	49 820 000
Net Income	623 000	46 000	640 000	132 000
Total Assets	24 233 000	17 088 000	19 574 000	17 064 000
Total Equity	7 790 000	7 167 000	7 121 000	6 782 000

Income (NOK)	2022	2021	2020	2019
Revenue	80 785 000	54 094 000	57 475 000	49 820 000
Expenditure	79 848 000	53 959 000	56 621 000	49 610 000
Operating Profit	938 000	134 000	854 000	210 000
Financial Income	11 000	14 000	18 000	16 000
Financial Costs	150 000	90 000	52 000	57 000
Financial Balance	−139 000	−76 000	−34 000	−41 000
Earnings Before Tax	798 000	59 000	820 000	170 000
Tax	176 000	13 000	180 000	37 000
Net Income	623 000	46 000	640 000	132 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 072 000	4 120 000	4 800 000	2 645 000
Total Current Assets	20 161 000	12 968 000	14 773 000	14 419 000
Total Assets	24 233 000	17 088 000	19 574 000	17 064 000
Total Retained Equity	2 218 000	1 595 000	1 550 000	1 210 000
Total Equity	7 790 000	7 167 000	7 121 000	6 782 000
Total Long-Term Debt	3 127 000	1 635 000	1 498 000	246 000
Total Current Debt	13 316 000	8 287 000	10 954 000	10 037 000
Total Equity and Debt	24 233 000	17 088 000	19 574 000	17 064 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	80 368 000	53 721 000	57 217 000	49 594 000
Other Income	416 000	373 000	257 000	226 000
Revenue	80 785 000	54 094 000	57 475 000	49 820 000
Cost of Goods Sold	67 747 000	41 426 000	45 394 000	38 277 000
Salary Costs	7 232 000	7 900 000	7 047 000	7 380 000
Depreciation	1 102 000	1 055 000	1 327 000	951 000
Impairment	0	0	0	0
Expenditure	79 848 000	53 959 000	56 621 000	49 610 000
Operating Profit	938 000	134 000	854 000	210 000
Financial Income	11 000	14 000	18 000	16 000
Financial Costs	150 000	90 000	52 000	57 000
Financial Balance	−139 000	−76 000	−34 000	−41 000
Dividends	0	0	0	0
Net Income	623 000	46 000	640 000	132 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	320 000	215 000	228 000	270 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 728 000	3 879 000	4 547 000	2 350 000
Total Tangible Assets	3 728 000	3 879 000	4 547 000	2 350 000
Total Fiancial Fixed Assets	25 000	25 000	25 000	25 000
Total Fixed Assets	4 072 000	4 120 000	4 800 000	2 645 000
Stock	17 797 000	11 223 000	11 437 000	11 651 000
Total Investments	0	0	0	0
Cash, Bank	466 000	459 000	1 825 000	916 000
Total Current Assets	20 161 000	12 968 000	14 773 000	14 419 000
Total Assets	24 233 000	17 088 000	19 574 000	17 064 000
Total Equity	7 790 000	7 167 000	7 121 000	6 782 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 127 000	1 635 000	1 498 000	246 000
Creditors	7 399 000	3 468 000	7 377 000	6 908 000
Unpaid Taxes	843 000	1 286 000	1 701 000	1 599 000
Dividends	0	0	0	0
Other Current Debt	4 583 000	3 030 000	1 737 000	1 530 000
Total Current Debt	13 316 000	8 287 000	10 954 000	10 037 000
Total Equity and Debt	24 233 000	17 088 000	19 574 000	17 064 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8 %	0,64 %	8,99 %	1,95 %
Debt-to-Equity Ratio	0,4	0,23	0,21	0,04
Operating Profit Margin	1,16 %	0,25 %	1,49 %	0,42 %
Current Ratio	1,51	1,56	1,35	1,44
Quick Ratio	−4,5	−4,42	−30,59	−8,93
Equity Ratio	0,32	0,42	0,36	0,4
Gross Profit Margin	16,14 %	23,42 %	21,02 %	23,17 %