M & M RACING AS

9153 ROTSUND

Finances

Share Ownership

Return on Equity

1,92 %

Current Ratio

4,38

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 428 000	1 959 000	1 946 000	1 576 000
Net Income	17 000	77 000	172 000	239 000
Total Assets	1 130 000	1 161 000	1 017 000	853 000
Total Equity	885 000	868 000	791 000	620 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 428 000	1 959 000	1 946 000	1 576 000
Expenditure	2 376 000	1 847 000	1 710 000	1 268 000
Operating Profit	52 000	111 000	236 000	308 000
Financial Income	1 000	0	1 000	1 000
Financial Costs	19 000	12 000	17 000	2 000
Financial Balance	−18 000	−12 000	−16 000	−1 000
Earnings Before Tax	33 000	99 000	220 000	306 000
Tax	17 000	22 000	48 000	67 000
Net Income	17 000	77 000	172 000	239 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	512 000	394 000	394 000	79 000
Total Current Assets	617 000	767 000	623 000	774 000
Total Assets	1 130 000	1 161 000	1 017 000	853 000
Total Retained Equity	855 000	838 000	761 000	590 000
Total Equity	885 000	868 000	791 000	620 000
Total Long-Term Debt	104 000	130 000	161 000	1 000
Total Current Debt	141 000	162 000	65 000	232 000
Total Equity and Debt	1 130 000	1 161 000	1 017 000	853 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 426 000	1 959 000	1 904 000	1 576 000
Other Income	2 000	0	42 000	0
Revenue	2 428 000	1 959 000	1 946 000	1 576 000
Cost of Goods Sold	1 469 000	1 094 000	1 076 000	793 000
Salary Costs	393 000	360 000	246 000	202 000
Depreciation	79 000	70 000	60 000	16 000
Impairment	0	0	0	0
Expenditure	2 376 000	1 847 000	1 710 000	1 268 000
Operating Profit	52 000	111 000	236 000	308 000
Financial Income	1 000	0	1 000	1 000
Financial Costs	19 000	12 000	17 000	2 000
Financial Balance	−18 000	−12 000	−16 000	−1 000
Dividends	0	0	0	0
Net Income	17 000	77 000	172 000	239 000

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	512 000	388 000	379 000	53 000
Fixtures	0	5 000	15 000	26 000
Total Tangible Assets	512 000	394 000	394 000	79 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	512 000	394 000	394 000	79 000
Stock	495 000	322 000	274 000	291 000
Total Investments	0	0	0	0
Cash, Bank	−150 000	160 000	172 000	274 000
Total Current Assets	617 000	767 000	623 000	774 000
Total Assets	1 130 000	1 161 000	1 017 000	853 000
Total Equity	885 000	868 000	791 000	620 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	104 000	130 000	161 000	1 000
Creditors	47 000	−21 000	−22 000	−10 000
Unpaid Taxes	26 000	108 000	10 000	84 000
Dividends	0	0	0	0
Other Current Debt	56 000	55 000	42 000	90 000
Total Current Debt	141 000	162 000	65 000	232 000
Total Equity and Debt	1 130 000	1 161 000	1 017 000	853 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,92 %	8,87 %	21,74 %	38,55 %
Debt-to-Equity Ratio	0,12	0,15	0,2	0
Operating Profit Margin	2,14 %	5,67 %	12,13 %	19,54 %
Current Ratio	4,38	4,73	9,58	3,34
Quick Ratio	−1,74	−4,79	−2,98	−13,12
Equity Ratio	0,78	0,75	0,78	0,73
Gross Profit Margin	39,5 %	44,16 %	44,71 %	49,68 %