ACE GOLF AS

1356 BEKKESTUA

Finances

Return on Equity

21,18 %

Current Ratio

2,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 480 000	10 811 000	10 581 000	7 058 000
Net Income	304 000	747 000	610 000	−38 000
Total Assets	2 307 000	3 186 000	2 436 000	1 371 000
Total Equity	1 435 000	1 132 000	1 485 000	875 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 480 000	10 811 000	10 581 000	7 058 000
Expenditure	10 080 000	9 848 000	9 784 000	7 107 000
Operating Profit	400 000	963 000	797 000	−50 000
Financial Income	−1 000	0	0	0
Financial Costs	1 000	5 000	13 000	0
Financial Balance	−2 000	−5 000	−13 000	0
Earnings Before Tax	398 000	958 000	784 000	−49 000
Tax	94 000	211 000	174 000	−11 000
Net Income	304 000	747 000	610 000	−38 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	256 000	63 000	63 000	116 000
Total Current Assets	2 051 000	3 123 000	2 373 000	1 255 000
Total Assets	2 307 000	3 186 000	2 436 000	1 371 000
Total Retained Equity	1 335 000	1 032 000	1 385 000	775 000
Total Equity	1 435 000	1 132 000	1 485 000	875 000
Total Long-Term Debt	1 000	0	0	0
Total Current Debt	871 000	2 054 000	951 000	496 000
Total Equity and Debt	2 307 000	3 186 000	2 436 000	1 371 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 480 000	10 811 000	10 581 000	7 058 000
Other Income	0	0	0	0
Revenue	10 480 000	10 811 000	10 581 000	7 058 000
Cost of Goods Sold	6 456 000	6 413 000	6 615 000	4 429 000
Salary Costs	2 396 000	2 313 000	2 230 000	1 793 000
Depreciation	14 000	0	8 000	0
Impairment	0	0	0	0
Expenditure	10 080 000	9 848 000	9 784 000	7 107 000
Operating Profit	400 000	963 000	797 000	−50 000
Financial Income	−1 000	0	0	0
Financial Costs	1 000	5 000	13 000	0
Financial Balance	−2 000	−5 000	−13 000	0
Dividends	0	1 100 000	0	0
Net Income	304 000	747 000	610 000	−38 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	53 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	211 000	18 000	18 000	18 000
Total Tangible Assets	211 000	18 000	18 000	18 000
Total Fiancial Fixed Assets	45 000	45 000	45 000	45 000
Total Fixed Assets	256 000	63 000	63 000	116 000
Stock	1 145 000	935 000	718 000	749 000
Total Investments	0	0	0	0
Cash, Bank	797 000	2 040 000	1 612 000	371 000
Total Current Assets	2 051 000	3 123 000	2 373 000	1 255 000
Total Assets	2 307 000	3 186 000	2 436 000	1 371 000
Total Equity	1 435 000	1 132 000	1 485 000	875 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	0	0	0
Creditors	189 000	196 000	313 000	85 000
Unpaid Taxes	206 000	243 000	241 000	162 000
Dividends	0	1 100 000	0	0
Other Current Debt	382 000	1 404 000	276 000	249 000
Total Current Debt	871 000	2 054 000	951 000	496 000
Total Equity and Debt	2 307 000	3 186 000	2 436 000	1 371 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,18 %	65,99 %	41,08 %	−4,34 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,82 %	8,91 %	7,53 %	−0,71 %
Current Ratio	2,35	1,52	2,5	2,53
Quick Ratio	−7,49	2,79	10,18	−4,96
Equity Ratio	0,62	0,36	0,61	0,64
Gross Profit Margin	38,4 %	40,68 %	37,48 %	37,25 %