WINRACE PROPELLERS AS

4820 FROLAND

Finances

Share Ownership

Return on Equity

22,02 %

Current Ratio

4,34

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 563 000	10 219 000	9 143 000	7 980 000
Net Income	873 000	439 000	720 000	−335 000
Total Assets	5 308 000	4 555 000	4 436 000	3 918 000
Total Equity	3 965 000	3 093 000	2 724 000	2 004 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 563 000	10 219 000	9 143 000	7 980 000
Expenditure	8 435 000	9 627 000	8 291 000	8 303 000
Operating Profit	1 128 000	592 000	852 000	−323 000
Financial Income	4 000	3 000	8 000	3 000
Financial Costs	17 000	19 000	19 000	15 000
Financial Balance	−13 000	−16 000	−11 000	−12 000
Earnings Before Tax	1 115 000	575 000	841 000	−335 000
Tax	242 000	137 000	121 000	0
Net Income	873 000	439 000	720 000	−335 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	178 000	289 000	303 000	526 000
Total Current Assets	5 131 000	4 266 000	4 134 000	3 392 000
Total Assets	5 308 000	4 555 000	4 436 000	3 918 000
Total Retained Equity	3 065 000	2 193 000	1 824 000	1 104 000
Total Equity	3 965 000	3 093 000	2 724 000	2 004 000
Total Long-Term Debt	159 000	258 000	334 000	411 000
Total Current Debt	1 183 000	1 204 000	1 378 000	1 503 000
Total Equity and Debt	5 308 000	4 555 000	4 436 000	3 918 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 563 000	10 219 000	9 114 000	7 980 000
Other Income	0	0	29 000	0
Revenue	9 563 000	10 219 000	9 143 000	7 980 000
Cost of Goods Sold	2 116 000	3 653 000	2 974 000	2 361 000
Salary Costs	4 191 000	4 000 000	3 519 000	3 830 000
Depreciation	112 000	142 000	243 000	200 000
Impairment	0	0	0	0
Expenditure	8 435 000	9 627 000	8 291 000	8 303 000
Operating Profit	1 128 000	592 000	852 000	−323 000
Financial Income	4 000	3 000	8 000	3 000
Financial Costs	17 000	19 000	19 000	15 000
Financial Balance	−13 000	−16 000	−11 000	−12 000
Dividends	0	70 000	0	0
Net Income	873 000	439 000	720 000	−335 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	178 000	289 000	303 000	526 000
Total Tangible Assets	178 000	289 000	303 000	526 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	178 000	289 000	303 000	526 000
Stock	2 565 000	2 058 000	2 021 000	1 853 000
Total Investments	0	0	0	0
Cash, Bank	2 047 000	1 660 000	1 734 000	843 000
Total Current Assets	5 131 000	4 266 000	4 134 000	3 392 000
Total Assets	5 308 000	4 555 000	4 436 000	3 918 000
Total Equity	3 965 000	3 093 000	2 724 000	2 004 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	159 000	258 000	334 000	411 000
Creditors	157 000	210 000	480 000	191 000
Unpaid Taxes	363 000	432 000	466 000	400 000
Dividends	0	70 000	0	0
Other Current Debt	422 000	425 000	311 000	912 000
Total Current Debt	1 183 000	1 204 000	1 378 000	1 503 000
Total Equity and Debt	5 308 000	4 555 000	4 436 000	3 918 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,02 %	14,19 %	26,43 %	−16,72 %
Debt-to-Equity Ratio	0,04	0,08	0,12	0,21
Operating Profit Margin	11,8 %	5,79 %	9,32 %	−4,05 %
Current Ratio	4,34	3,54	3	2,26
Quick Ratio	−3,71	−5	−6,43	−9,69
Equity Ratio	0,75	0,68	0,61	0,51
Gross Profit Margin	77,87 %	64,25 %	67,47 %	70,41 %