NAVY RACE AS

3189 HORTEN

Finances

Share Ownership

Return on Equity

48,92 %

Current Ratio

2,29

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	954 000	93 000	18 000	736 000
Net Income	250 000	−30 000	−163 000	23 000
Total Assets	800 000	258 000	371 000	389 000
Total Equity	511 000	−155 000	−125 000	43 000

Income (NOK)	2022	2021	2020	2019
Revenue	954 000	93 000	18 000	736 000
Expenditure	593 000	130 000	226 000	710 000
Operating Profit	361 000	−38 000	−208 000	26 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	0	0
Earnings Before Tax	360 000	−38 000	−208 000	26 000
Tax	110 000	−8 000	−44 000	3 000
Net Income	250 000	−30 000	−163 000	23 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	144 000	53 000	45 000	0
Total Current Assets	656 000	204 000	326 000	389 000
Total Assets	800 000	258 000	371 000	389 000
Total Retained Equity	65 000	−185 000	−155 000	13 000
Total Equity	511 000	−155 000	−125 000	43 000
Total Long-Term Debt	4 000	−3 000	7 000	5 000
Total Current Debt	286 000	416 000	490 000	341 000
Total Equity and Debt	800 000	258 000	371 000	389 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	927 000	93 000	18 000	736 000
Other Income	27 000	0	0	0
Revenue	954 000	93 000	18 000	736 000
Cost of Goods Sold	4 000	73 000	48 000	452 000
Salary Costs	0	0	2 000	0
Depreciation	16 000	0	0	0
Impairment	0	0	0	0
Expenditure	593 000	130 000	226 000	710 000
Operating Profit	361 000	−38 000	−208 000	26 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	0	0
Dividends	0	0	0	0
Net Income	250 000	−30 000	−163 000	23 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	53 000	45 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	144 000	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	144 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	144 000	53 000	45 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	616 000	204 000	288 000	288 000
Total Current Assets	656 000	204 000	326 000	389 000
Total Assets	800 000	258 000	371 000	389 000
Total Equity	511 000	−155 000	−125 000	43 000
Short-Term Group Debt	0	0	0	6 000
Total Long-Term Debt	4 000	−3 000	7 000	5 000
Creditors	36 000	−20 000	4 000	2 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	196 000	436 000	485 000	332 000
Total Current Debt	286 000	416 000	490 000	341 000
Total Equity and Debt	800 000	258 000	371 000	389 000

Financial indicators	2022	2021	2020	2019
Return on Equity	48,92 %	19,35 %	130,4 %	53,49 %
Debt-to-Equity Ratio	0,01	0,02	−0,06	0,12
Operating Profit Margin	37,84 %	−40,86 %	−1 155,56 %	3,53 %
Current Ratio	2,29	0,49	0,67	1,14
Quick Ratio	2,29	0,49	0,67	1,14
Equity Ratio	0,64	−0,6	−0,34	0,11
Gross Profit Margin	99,58 %	21,51 %	−166,67 %	38,59 %