VLW RACING AS

7224 MELHUS

Finances

Share Ownership

Return on Equity

170,69 %

Current Ratio

0,9

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 221 000	1 703 000	2 449 000	2 351 000
Net Income	99 000	−137 000	−31 000	106 000
Total Assets	337 000	316 000	456 000	472 000
Total Equity	58 000	−41 000	105 000	136 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 221 000	1 703 000	2 449 000	2 351 000
Expenditure	1 072 000	1 879 000	2 484 000	2 199 000
Operating Profit	149 000	−176 000	−34 000	152 000
Financial Income	0	1 000	0	0
Financial Costs	23 000	12 000	5 000	16 000
Financial Balance	−23 000	−11 000	−5 000	−16 000
Earnings Before Tax	127 000	−187 000	−40 000	136 000
Tax	28 000	0	−9 000	30 000
Net Income	99 000	−137 000	−31 000	106 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	87 000	135 000	65 000	74 000
Total Current Assets	251 000	181 000	391 000	398 000
Total Assets	337 000	316 000	456 000	472 000
Total Retained Equity	28 000	0	0	0
Total Equity	58 000	−41 000	105 000	136 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	279 000	357 000	351 000	336 000
Total Equity and Debt	337 000	316 000	456 000	472 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 221 000	1 703 000	2 449 000	1 626 000
Other Income	0	0	0	725 000
Revenue	1 221 000	1 703 000	2 449 000	2 351 000
Cost of Goods Sold	527 000	967 000	1 276 000	956 000
Salary Costs	19 000	479 000	856 000	848 000
Depreciation	20 000	27 000	18 000	23 000
Impairment	0	0	0	0
Expenditure	1 072 000	1 879 000	2 484 000	2 199 000
Operating Profit	149 000	−176 000	−34 000	152 000
Financial Income	0	1 000	0	0
Financial Costs	23 000	12 000	5 000	16 000
Financial Balance	−23 000	−11 000	−5 000	−16 000
Dividends	0	0	0	0
Net Income	99 000	−137 000	−31 000	106 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	22 000	50 000	9 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	65 000	85 000	56 000	74 000
Total Tangible Assets	65 000	85 000	56 000	74 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	87 000	135 000	65 000	74 000
Stock	72 000	42 000	42 000	0
Total Investments	0	0	0	0
Cash, Bank	3 000	14 000	40 000	82 000
Total Current Assets	251 000	181 000	391 000	398 000
Total Assets	337 000	316 000	456 000	472 000
Total Equity	58 000	−41 000	105 000	136 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	210 000	115 000	168 000	196 000
Unpaid Taxes	−7 000	40 000	113 000	45 000
Dividends	0	0	0	0
Other Current Debt	57 000	100 000	69 000	66 000
Total Current Debt	279 000	357 000	351 000	336 000
Total Equity and Debt	337 000	316 000	456 000	472 000

Financial indicators	2022	2021	2020	2019
Return on Equity	170,69 %	334,15 %	−29,52 %	77,94 %
Debt-to-Equity Ratio	0	−0	0	0
Operating Profit Margin	12,2 %	−10,33 %	−1,39 %	6,47 %
Current Ratio	0,9	0,51	1,11	1,18
Quick Ratio	1,21	0,57	1,27	1,18
Equity Ratio	0,17	−0,13	0,23	0,29
Gross Profit Margin	56,84 %	43,22 %	47,9 %	59,34 %