RACESYSTEMS AS

2837 BIRISTRAND

Finances

Share Ownership

Return on Equity

12,5 %

Current Ratio

3,04

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020
Revenue	958 000	1 043 000	1 666 000
Net Income	53 000	62 000	289 000
Total Assets	631 000	687 000	712 000
Total Equity	424 000	371 000	309 000

Income (NOK)	2022	2021	2020
Revenue	958 000	1 043 000	1 666 000
Expenditure	891 000	964 000	1 299 000
Operating Profit	68 000	79 000	367 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Earnings Before Tax	68 000	79 000	367 000
Tax	15 000	17 000	79 000
Net Income	53 000	62 000	289 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	12 000	16 000	20 000
Total Current Assets	620 000	671 000	692 000
Total Assets	631 000	687 000	712 000
Total Retained Equity	394 000	341 000	288 000
Total Equity	424 000	371 000	309 000
Total Long-Term Debt	3 000	3 000	1 000
Total Current Debt	204 000	313 000	401 000
Total Equity and Debt	631 000	687 000	712 000

Cash flow (NOK)	2022	2021	2020
Sales Income	958 000	1 043 000	1 666 000
Other Income	0	0	0
Revenue	958 000	1 043 000	1 666 000
Cost of Goods Sold	826 000	873 000	1 178 000
Salary Costs	0	0	0
Depreciation	4 000	4 000	0
Impairment	0	0	0
Expenditure	891 000	964 000	1 299 000
Operating Profit	68 000	79 000	367 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Dividends	0	0	0
Net Income	53 000	62 000	289 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	12 000	16 000	20 000
Total Tangible Assets	12 000	16 000	20 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	12 000	16 000	20 000
Stock	450 000	523 000	510 000
Total Investments	0	0	0
Cash, Bank	144 000	142 000	104 000
Total Current Assets	620 000	671 000	692 000
Total Assets	631 000	687 000	712 000
Total Equity	424 000	371 000	309 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	3 000	3 000	1 000
Creditors	5 000	5 000	319 000
Unpaid Taxes	0	9 000	5 000
Dividends	0	0	0
Other Current Debt	183 000	283 000	0
Total Current Debt	204 000	313 000	401 000
Total Equity and Debt	631 000	687 000	712 000

Financial indicators	2022	2021	2020
Return on Equity	12,5 %	16,71 %	93,53 %
Debt-to-Equity Ratio	0,01	0,01	0
Operating Profit Margin	7,1 %	7,57 %	22,03 %
Current Ratio	3,04	2,14	1,73
Quick Ratio	−2,52	−3,2	−6,35
Equity Ratio	0,67	0,54	0,43
Gross Profit Margin	13,78 %	16,3 %	29,29 %