MANDAL MOTORSPORT AS

4517 MANDAL

Finances

Share Ownership

Return on Equity

43,65 %

Current Ratio

1,33

Debt-to-Equity Ratio

0,8

Key figures (NOK)	2022	2021	2020	2019
Revenue	530 000	470 000	420 000	49 000
Net Income	134 000	117 000	57 000	−27 000
Total Assets	613 000	641 000	86 000	17 000
Total Equity	307 000	172 000	55 000	3 000

Income (NOK)	2022	2021	2020	2019
Revenue	530 000	470 000	420 000	49 000
Expenditure	322 000	308 000	352 000	76 000
Operating Profit	208 000	162 000	67 000	−27 000
Financial Income	0	0	0	0
Financial Costs	17 000	19 000	0	0
Financial Balance	−17 000	−19 000	0	0
Earnings Before Tax	191 000	144 000	67 000	−27 000
Tax	57 000	26 000	10 000	0
Net Income	134 000	117 000	57 000	−27 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	532 000	496 000	13 000	0
Total Current Assets	81 000	144 000	73 000	17 000
Total Assets	613 000	641 000	86 000	17 000
Total Retained Equity	282 000	148 000	31 000	−27 000
Total Equity	307 000	172 000	55 000	3 000
Total Long-Term Debt	245 000	315 000	0	0
Total Current Debt	61 000	153 000	32 000	14 000
Total Equity and Debt	613 000	641 000	86 000	17 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	530 000	470 000	420 000	49 000
Other Income	0	0	0	0
Revenue	530 000	470 000	420 000	49 000
Cost of Goods Sold	79 000	7 000	32 000	5 000
Salary Costs	0	0	0	0
Depreciation	12 000	8 000	3 000	0
Impairment	0	0	0	0
Expenditure	322 000	308 000	352 000	76 000
Operating Profit	208 000	162 000	67 000	−27 000
Financial Income	0	0	0	0
Financial Costs	17 000	19 000	0	0
Financial Balance	−17 000	−19 000	0	0
Dividends	0	0	0	0
Net Income	134 000	117 000	57 000	−27 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	448 000	457 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	84 000	39 000	13 000	0
Total Tangible Assets	531 000	496 000	13 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	532 000	496 000	13 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	13 000	77 000	38 000	14 000
Total Current Assets	81 000	144 000	73 000	17 000
Total Assets	613 000	641 000	86 000	17 000
Total Equity	307 000	172 000	55 000	3 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	245 000	315 000	0	0
Creditors	2 000	8 000	3 000	6 000
Unpaid Taxes	−7 000	20 000	13 000	−2 000
Dividends	0	0	0	0
Other Current Debt	9 000	99 000	6 000	10 000
Total Current Debt	61 000	153 000	32 000	14 000
Total Equity and Debt	613 000	641 000	86 000	17 000

Financial indicators	2022	2021	2020	2019
Return on Equity	43,65 %	68,02 %	103,64 %	−900 %
Debt-to-Equity Ratio	0,8	1,83	0	0
Operating Profit Margin	39,25 %	34,47 %	15,95 %	−55,1 %
Current Ratio	1,33	0,94	2,28	1,21
Quick Ratio	1,33	0,94	2,28	1,21
Equity Ratio	0,5	0,27	0,64	0,18
Gross Profit Margin	85,09 %	98,51 %	92,38 %	89,8 %