RA TURF LIGHTING SOLUTIONS AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

−31,67 %

Current Ratio

1,14

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	42 936 000	41 254 000	21 282 000	14 741 000
Net Income	−3 547 000	−8 742 000	−7 317 000	−24 275 000
Total Assets	78 131 000	66 996 000	63 184 000	29 521 000
Total Equity	11 201 000	10 510 000	11 001 000	−787 000

Income (NOK)	2022	2021	2020	2019
Revenue	42 936 000	41 254 000	21 282 000	14 741 000
Expenditure	46 400 000	50 607 000	25 753 000	26 906 000
Operating Profit	−3 464 000	−9 351 000	−4 471 000	−12 165 000
Financial Income	1 788 000	1 722 000	2 502 000	−12 777 000
Financial Costs	2 862 000	3 578 000	6 234 000	1 032 000
Financial Balance	−1 074 000	−1 856 000	−3 732 000	−13 809 000
Earnings Before Tax	−4 538 000	−11 207 000	−8 202 000	−25 974 000
Tax	−991 000	−2 466 000	−886 000	−1 699 000
Net Income	−3 547 000	−8 742 000	−7 317 000	−24 275 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 768 000	4 376 000	4 741 000	6 005 000
Total Current Assets	74 363 000	62 620 000	58 443 000	23 516 000
Total Assets	78 131 000	66 996 000	63 184 000	29 521 000
Total Retained Equity	−44 824 000	−41 277 000	−32 536 000	−25 219 000
Total Equity	11 201 000	10 510 000	11 001 000	−787 000
Total Long-Term Debt	1 516 000	2 586 000	1 940 000	19 000
Total Current Debt	65 414 000	53 899 000	50 243 000	30 289 000
Total Equity and Debt	78 131 000	66 996 000	63 184 000	29 521 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	41 027 000	38 286 000	17 625 000	11 040 000
Other Income	1 909 000	2 968 000	3 657 000	3 700 000
Revenue	42 936 000	41 254 000	21 282 000	14 741 000
Cost of Goods Sold	32 180 000	40 154 000	18 992 000	14 169 000
Salary Costs	2 932 000	1 697 000	1 481 000	2 331 000
Depreciation	548 000	870 000	143 000	88 000
Impairment	0	0	0	0
Expenditure	46 400 000	50 607 000	25 753 000	26 906 000
Operating Profit	−3 464 000	−9 351 000	−4 471 000	−12 165 000
Financial Income	1 788 000	1 722 000	2 502 000	−12 777 000
Financial Costs	2 862 000	3 578 000	6 234 000	1 032 000
Financial Balance	−1 074 000	−1 856 000	−3 732 000	−13 809 000
Dividends	0	0	0	0
Net Income	−3 547 000	−8 742 000	−7 317 000	−24 275 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	44 000	67 000	45 000	59 000
Real Eastate	0	0	0	10 000
Machinery and Plant Facilities	3 723 000	4 308 000	4 689 000	0
Fixtures	0	0	7 000	17 000
Total Tangible Assets	3 723 000	4 308 000	4 696 000	27 000
Total Fiancial Fixed Assets	0	0	0	5 919 000
Total Fixed Assets	3 768 000	4 376 000	4 741 000	6 005 000
Stock	472 000	1 427 000	1 542 000	3 673 000
Total Investments	0	0	0	0
Cash, Bank	2 249 000	8 626 000	11 055 000	2 093 000
Total Current Assets	74 363 000	62 620 000	58 443 000	23 516 000
Total Assets	78 131 000	66 996 000	63 184 000	29 521 000
Total Equity	11 201 000	10 510 000	11 001 000	−787 000
Short-Term Group Debt	13 409 000	15 129 000	16 568 000	8 460 000
Total Long-Term Debt	1 516 000	2 586 000	1 940 000	19 000
Creditors	42 080 000	25 090 000	16 403 000	12 146 000
Unpaid Taxes	347 000	742 000	729 000	709 000
Dividends	0	0	0	0
Other Current Debt	3 957 000	1 164 000	926 000	265 000
Total Current Debt	65 414 000	53 899 000	50 243 000	30 289 000
Total Equity and Debt	78 131 000	66 996 000	63 184 000	29 521 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−31,67 %	−83,18 %	−66,51 %	3 084,5 %
Debt-to-Equity Ratio	0,14	0,25	0,18	−0,02
Operating Profit Margin	−8,07 %	−22,67 %	−21,01 %	−82,52 %
Current Ratio	1,14	1,16	1,16	0,78
Quick Ratio	1,15	1,19	1,2	0,88
Equity Ratio	0,14	0,16	0,17	−0,03
Gross Profit Margin	25,05 %	2,67 %	10,76 %	3,88 %