PATRIK OMMEDAL - RACING AS

3178 VÅLE

Finances

Share Ownership

Return on Equity

4,69 %

Current Ratio

0,29

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020
Revenue	555 000	477 000	148 000
Net Income	3 000	24 000	8 000
Total Assets	472 000	497 000	271 000
Total Equity	64 000	61 000	38 000

Income (NOK)	2022	2021	2020
Revenue	555 000	477 000	148 000
Expenditure	551 000	437 000	138 000
Operating Profit	4 000	40 000	10 000
Financial Income	0	0	0
Financial Costs	1 000	0	0
Financial Balance	−1 000	0	0
Earnings Before Tax	4 000	40 000	10 000
Tax	1 000	16 000	2 000
Net Income	3 000	24 000	8 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	356 000	287 000	196 000
Total Current Assets	117 000	210 000	76 000
Total Assets	472 000	497 000	271 000
Total Retained Equity	34 000	31 000	8 000
Total Equity	64 000	61 000	38 000
Total Long-Term Debt	10 000	9 000	2 000
Total Current Debt	398 000	426 000	232 000
Total Equity and Debt	472 000	497 000	271 000

Cash flow (NOK)	2022	2021	2020
Sales Income	555 000	477 000	148 000
Other Income	0	0	0
Revenue	555 000	477 000	148 000
Cost of Goods Sold	46 000	13 000	11 000
Salary Costs	50 000	0	0
Depreciation	24 000	64 000	4 000
Impairment	0	0	0
Expenditure	551 000	437 000	138 000
Operating Profit	4 000	40 000	10 000
Financial Income	0	0	0
Financial Costs	1 000	0	0
Financial Balance	−1 000	0	0
Dividends	0	0	0
Net Income	3 000	24 000	8 000

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	356 000	287 000	196 000
Fixtures	0	0	0
Total Tangible Assets	356 000	287 000	196 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	356 000	287 000	196 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	67 000	46 000	48 000
Total Current Assets	117 000	210 000	76 000
Total Assets	472 000	497 000	271 000
Total Equity	64 000	61 000	38 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	10 000	9 000	2 000
Creditors	48 000	10 000	63 000
Unpaid Taxes	13 000	31 000	13 000
Dividends	0	0	0
Other Current Debt	338 000	376 000	156 000
Total Current Debt	398 000	426 000	232 000
Total Equity and Debt	472 000	497 000	271 000

Financial indicators	2022	2021	2020
Return on Equity	4,69 %	39,34 %	21,05 %
Debt-to-Equity Ratio	0,16	0,15	0,05
Operating Profit Margin	0,72 %	8,39 %	6,76 %
Current Ratio	0,29	0,49	0,33
Quick Ratio	0,29	0,49	0,33
Equity Ratio	0,14	0,12	0,14
Gross Profit Margin	91,71 %	97,27 %	92,57 %