BØRGE OLSEN RACING AS

5300 KLEPPESTØ

Finances

Share Ownership

Return on Equity

10,36 %

Current Ratio

2,34

Debt-to-Equity Ratio

10,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 573 000	3 836 000	4 378 000	5 043 000
Net Income	90 000	−464 000	−287 000	−174 000
Total Assets	10 574 000	10 581 000	11 234 000	11 585 000
Total Equity	869 000	779 000	1 243 000	1 530 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 573 000	3 836 000	4 378 000	5 043 000
Expenditure	4 017 000	4 013 000	4 159 000	4 738 000
Operating Profit	557 000	−177 000	219 000	304 000
Financial Income	14 000	14 000	15 000	39 000
Financial Costs	456 000	426 000	596 000	560 000
Financial Balance	−442 000	−412 000	−581 000	−521 000
Earnings Before Tax	115 000	−588 000	−363 000	−217 000
Tax	25 000	−124 000	−76 000	−43 000
Net Income	90 000	−464 000	−287 000	−174 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 338 000	8 418 000	8 580 000	8 602 000
Total Current Assets	2 236 000	2 163 000	2 654 000	2 984 000
Total Assets	10 574 000	10 581 000	11 234 000	11 585 000
Total Retained Equity	769 000	679 000	1 143 000	1 430 000
Total Equity	869 000	779 000	1 243 000	1 530 000
Total Long-Term Debt	8 750 000	8 773 000	9 049 000	9 154 000
Total Current Debt	955 000	1 029 000	941 000	901 000
Total Equity and Debt	10 574 000	10 581 000	11 234 000	11 585 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 504 000	3 822 000	4 378 000	5 043 000
Other Income	69 000	15 000	0	0
Revenue	4 573 000	3 836 000	4 378 000	5 043 000
Cost of Goods Sold	1 459 000	1 675 000	1 634 000	2 146 000
Salary Costs	1 484 000	1 271 000	1 317 000	1 379 000
Depreciation	238 000	232 000	239 000	252 000
Impairment	0	0	0	0
Expenditure	4 017 000	4 013 000	4 159 000	4 738 000
Operating Profit	557 000	−177 000	219 000	304 000
Financial Income	14 000	14 000	15 000	39 000
Financial Costs	456 000	426 000	596 000	560 000
Financial Balance	−442 000	−412 000	−581 000	−521 000
Dividends	0	0	0	0
Net Income	90 000	−464 000	−287 000	−174 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	28 000	54 000	0	0
Real Eastate	7 777 000	7 932 000	8 087 000	8 244 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	367 000	328 000	405 000	284 000
Total Tangible Assets	8 144 000	8 260 000	8 492 000	8 528 000
Total Fiancial Fixed Assets	166 000	105 000	88 000	74 000
Total Fixed Assets	8 338 000	8 418 000	8 580 000	8 602 000
Stock	2 072 000	1 947 000	2 511 000	2 721 000
Total Investments	0	0	0	0
Cash, Bank	57 000	47 000	46 000	43 000
Total Current Assets	2 236 000	2 163 000	2 654 000	2 984 000
Total Assets	10 574 000	10 581 000	11 234 000	11 585 000
Total Equity	869 000	779 000	1 243 000	1 530 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 750 000	8 773 000	9 049 000	9 154 000
Creditors	94 000	169 000	62 000	151 000
Unpaid Taxes	215 000	267 000	192 000	155 000
Dividends	0	0	0	0
Other Current Debt	269 000	305 000	300 000	231 000
Total Current Debt	955 000	1 029 000	941 000	901 000
Total Equity and Debt	10 574 000	10 581 000	11 234 000	11 585 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,36 %	−59,56 %	−23,09 %	−11,37 %
Debt-to-Equity Ratio	10,07	11,26	7,28	5,98
Operating Profit Margin	12,18 %	−4,61 %	5 %	6,03 %
Current Ratio	2,34	2,1	2,82	3,31
Quick Ratio	−2	−2,36	−1,69	−1,64
Equity Ratio	0,08	0,07	0,11	0,13
Gross Profit Margin	68,1 %	56,33 %	62,68 %	57,45 %