FREDRIK OMMEDAL RACING AS

3173 VEAR

Finances

Share Ownership

Return on Equity

34,03 %

Current Ratio

N/A

Debt-to-Equity Ratio

−1,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	287 000	400 000	462 000	516 000
Net Income	−260 000	−123 000	−112 000	−320 000
Total Assets	102 000	278 000	164 000	297 000
Total Equity	−764 000	−504 000	−380 000	−268 000

Income (NOK)	2022	2021	2020	2019
Revenue	287 000	400 000	462 000	516 000
Expenditure	552 000	524 000	575 000	836 000
Operating Profit	−265 000	−123 000	−112 000	−320 000
Financial Income	8 000	0	0	0
Financial Costs	3 000	0	0	0
Financial Balance	5 000	0	0	0
Earnings Before Tax	−260 000	−123 000	−112 000	−320 000
Tax	0	0	0	0
Net Income	−260 000	−123 000	−112 000	−320 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 000	51 000	115 000	271 000
Total Current Assets	92 000	226 000	49 000	26 000
Total Assets	102 000	278 000	164 000	297 000
Total Retained Equity	−794 000	−534 000	−410 000	−298 000
Total Equity	−764 000	−504 000	−380 000	−268 000
Total Long-Term Debt	867 000	557 000	540 000	554 000
Total Current Debt	0	225 000	4 000	11 000
Total Equity and Debt	102 000	278 000	164 000	297 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	287 000	400 000	462 000	494 000
Other Income	0	0	0	23 000
Revenue	287 000	400 000	462 000	516 000
Cost of Goods Sold	0	0	9 000	1 000
Salary Costs	0	0	0	1 000
Depreciation	21 000	64 000	156 000	156 000
Impairment	0	0	0	0
Expenditure	552 000	524 000	575 000	836 000
Operating Profit	−265 000	−123 000	−112 000	−320 000
Financial Income	8 000	0	0	0
Financial Costs	3 000	0	0	0
Financial Balance	5 000	0	0	0
Dividends	0	0	0	0
Net Income	−260 000	−123 000	−112 000	−320 000

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	10 000	51 000	115 000	271 000
Total Tangible Assets	10 000	51 000	115 000	271 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	10 000	51 000	115 000	271 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	41 000	176 000	22 000	18 000
Total Current Assets	92 000	226 000	49 000	26 000
Total Assets	102 000	278 000	164 000	297 000
Total Equity	−764 000	−504 000	−380 000	−268 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	867 000	557 000	540 000	554 000
Creditors	0	218 000	1 000	11 000
Unpaid Taxes	0	7 000	3 000	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	0	225 000	4 000	11 000
Total Equity and Debt	102 000	278 000	164 000	297 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,03 %	24,4 %	29,47 %	119,4 %
Debt-to-Equity Ratio	−1,13	−1,11	−1,42	−2,07
Operating Profit Margin	−92,33 %	−30,75 %	−24,24 %	−62,02 %
Current Ratio	-	1	12,25	2,36
Quick Ratio	-	1	12,25	2,36
Equity Ratio	−7,49	−1,81	−2,32	−0,9
Gross Profit Margin	100 %	100 %	98,05 %	99,81 %