NORDISK MOTORSPORT AS

9170 LONGYEARBYEN

Finances

Share Ownership

Return on Equity

4,75 %

Current Ratio

0,35

Debt-to-Equity Ratio

−0,83

Key figures (NOK)	2017	2016	2015	2014
Revenue	17 000	0	165 000	330 000
Net Income	−70 000	−238 000	−10 000	172 000
Total Assets	141 000	195 000	236 000	1 300 000
Total Equity	−1 475 000	−2 923 000	−2 685 000	−2 675 000

Income (NOK)	2017	2016	2015	2014
Revenue	17 000	0	165 000	330 000
Expenditure	40 000	41 000	40 000	22 000
Operating Profit	−23 000	−41 000	125 000	308 000
Financial Income	0	0	69 000	95 000
Financial Costs	47 000	197 000	204 000	231 000
Financial Balance	−47 000	−197 000	−135 000	−136 000
Earnings Before Tax	−70 000	−238 000	−10 000	172 000
Tax	0	0	0	0
Net Income	−70 000	−238 000	−10 000	172 000

Balance (NOK)	2017	2016	2015	2014
Total Fixed Assets	0	0	0	1 051 000
Total Current Assets	141 000	195 000	236 000	249 000
Total Assets	141 000	195 000	236 000	1 300 000
Total Retained Equity	−2 855 000	−4 303 000	−4 065 000	−4 055 000
Total Equity	−1 475 000	−2 923 000	−2 685 000	−2 675 000
Total Long-Term Debt	1 217 000	2 294 000	2 344 000	2 503 000
Total Current Debt	398 000	824 000	577 000	1 472 000
Total Equity and Debt	141 000	195 000	236 000	1 300 000

Cash flow (NOK)	2017	2016	2015	2014
Sales Income	0	0	0	0
Other Income	17 000	0	165 000	330 000
Revenue	17 000	0	165 000	330 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	40 000	41 000	40 000	22 000
Operating Profit	−23 000	−41 000	125 000	308 000
Financial Income	0	0	69 000	95 000
Financial Costs	47 000	197 000	204 000	231 000
Financial Balance	−47 000	−197 000	−135 000	−136 000
Dividends	0	0	0	0
Net Income	−70 000	−238 000	−10 000	172 000

Balance details (NOK)	2017	2016	2015	2014
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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	1 051 000
Total Fixed Assets	0	0	0	1 051 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 000	6 000	47 000	4 000
Total Current Assets	141 000	195 000	236 000	249 000
Total Assets	141 000	195 000	236 000	1 300 000
Total Equity	−1 475 000	−2 923 000	−2 685 000	−2 675 000
Short-Term Group Debt	353 000	0	0	0
Total Long-Term Debt	1 217 000	2 294 000	2 344 000	2 503 000
Creditors	29 000	30 000	0	20 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	17 000	794 000	577 000	1 452 000
Total Current Debt	398 000	824 000	577 000	1 472 000
Total Equity and Debt	141 000	195 000	236 000	1 300 000

Financial indicators	2017	2016	2015	2014
Return on Equity	4,75 %	8,14 %	0,37 %	−6,43 %
Debt-to-Equity Ratio	−0,83	−0,78	−0,87	−0,94
Operating Profit Margin	−135,29 %	-	75,76 %	93,33 %
Current Ratio	0,35	0,24	0,41	0,17
Quick Ratio	0,35	0,24	0,41	0,17
Equity Ratio	−10,46	−14,99	−11,38	−2,06
Gross Profit Margin	100 %	-	100 %	100 %