ARCTIC TRIAL RACING AS

4310 HOMMERSÅK

Finances

Share Ownership

Return on Equity

2,45 %

Current Ratio

6,45

Debt-to-Equity Ratio

1,31

Key figures (NOK)	2022	2021	2020	2019
Revenue	887 000	625 000	702 000	326 000
Net Income	6 000	121 000	9 000	−3 000
Total Assets	613 000	436 000	345 000	131 000
Total Equity	245 000	239 000	118 000	109 000

Income (NOK)	2022	2021	2020	2019
Revenue	887 000	625 000	702 000	326 000
Expenditure	876 000	459 000	687 000	330 000
Operating Profit	10 000	165 000	15 000	−2 000
Financial Income	5 000	1 000	1 000	1 000
Financial Costs	9 000	2 000	0	0
Financial Balance	−4 000	−1 000	1 000	1 000
Earnings Before Tax	7 000	164 000	16 000	−2 000
Tax	0	43 000	7 000	2 000
Net Income	6 000	121 000	9 000	−3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	309 000	15 000	40 000	94 000
Total Current Assets	303 000	421 000	305 000	37 000
Total Assets	613 000	436 000	345 000	131 000
Total Retained Equity	215 000	209 000	88 000	79 000
Total Equity	245 000	239 000	118 000	109 000
Total Long-Term Debt	320 000	0	0	0
Total Current Debt	47 000	197 000	227 000	22 000
Total Equity and Debt	613 000	436 000	345 000	131 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	887 000	625 000	677 000	326 000
Other Income	0	0	24 000	0
Revenue	887 000	625 000	702 000	326 000
Cost of Goods Sold	0	1 000	44 000	27 000
Salary Costs	120 000	78 000	352 000	26 000
Depreciation	26 000	20 000	42 000	36 000
Impairment	0	0	0	0
Expenditure	876 000	459 000	687 000	330 000
Operating Profit	10 000	165 000	15 000	−2 000
Financial Income	5 000	1 000	1 000	1 000
Financial Costs	9 000	2 000	0	0
Financial Balance	−4 000	−1 000	1 000	1 000
Dividends	0	0	0	0
Net Income	6 000	121 000	9 000	−3 000

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	309 000	15 000	40 000	94 000
Total Tangible Assets	309 000	15 000	40 000	94 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	309 000	15 000	40 000	94 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	218 000	421 000	273 000	16 000
Total Current Assets	303 000	421 000	305 000	37 000
Total Assets	613 000	436 000	345 000	131 000
Total Equity	245 000	239 000	118 000	109 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	320 000	0	0	0
Creditors	11 000	9 000	23 000	4 000
Unpaid Taxes	19 000	2 000	164 000	3 000
Dividends	0	0	0	0
Other Current Debt	16 000	144 000	33 000	13 000
Total Current Debt	47 000	197 000	227 000	22 000
Total Equity and Debt	613 000	436 000	345 000	131 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,45 %	50,63 %	7,63 %	−2,75 %
Debt-to-Equity Ratio	1,31	0	0	0
Operating Profit Margin	1,13 %	26,4 %	2,14 %	−0,61 %
Current Ratio	6,45	2,14	1,34	1,68
Quick Ratio	6,45	2,14	1,34	1,68
Equity Ratio	0,4	0,55	0,34	0,83
Gross Profit Margin	100 %	99,84 %	93,73 %	91,72 %