FRANK VALLE MOTORSPORT AS

1825 TOMTER

Finances

Return on Equity

2,85 %

Current Ratio

1,44

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 807 000	5 732 000	1 180 000	1 503 000
Net Income	223 000	−218 000	−510 000	−82 000
Total Assets	12 057 000	9 139 000	8 039 000	8 523 000
Total Equity	7 822 000	7 613 000	7 095 000	7 605 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 807 000	5 732 000	1 180 000	1 503 000
Expenditure	9 308 000	5 787 000	1 834 000	1 605 000
Operating Profit	499 000	−55 000	−654 000	−102 000
Financial Income	1 000	0	0	0
Financial Costs	6 000	0	0	3 000
Financial Balance	−5 000	0	0	−3 000
Earnings Before Tax	494 000	−55 000	−654 000	−105 000
Tax	271 000	163 000	−144 000	−23 000
Net Income	223 000	−218 000	−510 000	−82 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 261 000	4 299 000	4 425 000	3 368 000
Total Current Assets	5 796 000	4 840 000	3 614 000	5 155 000
Total Assets	12 057 000	9 139 000	8 039 000	8 523 000
Total Retained Equity	3 087 000	2 878 000	3 095 000	3 605 000
Total Equity	7 822 000	7 613 000	7 095 000	7 605 000
Total Long-Term Debt	221 000	117 000	0	97 000
Total Current Debt	4 015 000	1 410 000	944 000	820 000
Total Equity and Debt	12 057 000	9 139 000	8 039 000	8 523 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 449 000	5 732 000	1 180 000	1 308 000
Other Income	359 000	0	0	195 000
Revenue	9 807 000	5 732 000	1 180 000	1 503 000
Cost of Goods Sold	4 120 000	4 435 000	775 000	478 000
Salary Costs	5 000	0	0	0
Depreciation	1 735 000	982 000	459 000	660 000
Impairment	0	0	0	0
Expenditure	9 308 000	5 787 000	1 834 000	1 605 000
Operating Profit	499 000	−55 000	−654 000	−102 000
Financial Income	1 000	0	0	0
Financial Costs	6 000	0	0	3 000
Financial Balance	−5 000	0	0	−3 000
Dividends	0	0	0	0
Net Income	223 000	−218 000	−510 000	−82 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	47 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	5 657 000	4 199 000	4 278 000	3 268 000
Total Tangible Assets	5 657 000	4 199 000	4 278 000	3 268 000
Total Fiancial Fixed Assets	604 000	100 000	100 000	100 000
Total Fixed Assets	6 261 000	4 299 000	4 425 000	3 368 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	507 000	1 290 000	282 000	94 000
Total Current Assets	5 796 000	4 840 000	3 614 000	5 155 000
Total Assets	12 057 000	9 139 000	8 039 000	8 523 000
Total Equity	7 822 000	7 613 000	7 095 000	7 605 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	221 000	117 000	0	97 000
Creditors	1 838 000	975 000	652 000	3 000
Unpaid Taxes	189 000	143 000	0	26 000
Dividends	0	0	0	0
Other Current Debt	1 967 000	292 000	292 000	792 000
Total Current Debt	4 015 000	1 410 000	944 000	820 000
Total Equity and Debt	12 057 000	9 139 000	8 039 000	8 523 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,85 %	−2,86 %	−7,19 %	−1,08 %
Debt-to-Equity Ratio	0,03	0,02	0	0,01
Operating Profit Margin	5,09 %	−0,96 %	−55,42 %	−6,79 %
Current Ratio	1,44	3,43	3,83	6,29
Quick Ratio	1,44	3,43	3,83	6,29
Equity Ratio	0,65	0,83	0,88	0,89
Gross Profit Margin	57,99 %	22,63 %	34,32 %	68,2 %