FØRDE MOTORSPORT AS

6800 FØRDE

Finances

Return on Equity

21,38 %

Current Ratio

2,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 787 000	28 879 000	23 824 000	23 230 000
Net Income	1 359 000	2 099 000	782 000	537 000
Total Assets	10 808 000	9 597 000	8 074 000	6 766 000
Total Equity	6 357 000	5 498 000	3 899 000	3 617 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 787 000	28 879 000	23 824 000	23 230 000
Expenditure	28 021 000	26 184 000	22 810 000	22 537 000
Operating Profit	1 765 000	2 695 000	1 013 000	693 000
Financial Income	6 000	0	0	4 000
Financial Costs	2 000	3 000	2 000	2 000
Financial Balance	4 000	−3 000	−2 000	2 000
Earnings Before Tax	1 769 000	2 692 000	1 011 000	694 000
Tax	410 000	594 000	229 000	157 000
Net Income	1 359 000	2 099 000	782 000	537 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	327 000	145 000	71 000	104 000
Total Current Assets	10 481 000	9 452 000	8 003 000	6 662 000
Total Assets	10 808 000	9 597 000	8 074 000	6 766 000
Total Retained Equity	6 162 000	5 303 000	3 705 000	3 423 000
Total Equity	6 357 000	5 498 000	3 899 000	3 617 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 451 000	4 099 000	4 175 000	3 149 000
Total Equity and Debt	10 808 000	9 597 000	8 074 000	6 766 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 591 000	28 715 000	23 666 000	22 972 000
Other Income	196 000	164 000	158 000	258 000
Revenue	29 787 000	28 879 000	23 824 000	23 230 000
Cost of Goods Sold	22 989 000	21 292 000	18 503 000	18 284 000
Salary Costs	3 079 000	3 040 000	2 666 000	2 507 000
Depreciation	79 000	47 000	32 000	35 000
Impairment	0	0	0	0
Expenditure	28 021 000	26 184 000	22 810 000	22 537 000
Operating Profit	1 765 000	2 695 000	1 013 000	693 000
Financial Income	6 000	0	0	4 000
Financial Costs	2 000	3 000	2 000	2 000
Financial Balance	4 000	−3 000	−2 000	2 000
Dividends	500 000	500 000	500 000	350 000
Net Income	1 359 000	2 099 000	782 000	537 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	75 000	0	0	0
Real Eastate	17 000	17 000	17 000	17 000
Machinery and Plant Facilities	183 000	68 000	0	0
Fixtures	42 000	50 000	44 000	77 000
Total Tangible Assets	242 000	135 000	61 000	94 000
Total Fiancial Fixed Assets	10 000	10 000	10 000	10 000
Total Fixed Assets	327 000	145 000	71 000	104 000
Stock	7 629 000	5 603 000	4 740 000	5 389 000
Total Investments	0	0	0	0
Cash, Bank	1 617 000	3 273 000	2 533 000	842 000
Total Current Assets	10 481 000	9 452 000	8 003 000	6 662 000
Total Assets	10 808 000	9 597 000	8 074 000	6 766 000
Total Equity	6 357 000	5 498 000	3 899 000	3 617 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 565 000	2 222 000	3 013 000	2 067 000
Unpaid Taxes	376 000	459 000	110 000	147 000
Dividends	500 000	500 000	500 000	350 000
Other Current Debt	1 101 000	825 000	823 000	778 000
Total Current Debt	4 451 000	4 099 000	4 175 000	3 149 000
Total Equity and Debt	10 808 000	9 597 000	8 074 000	6 766 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,38 %	38,18 %	20,06 %	14,85 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,93 %	9,33 %	4,25 %	2,98 %
Current Ratio	2,35	2,31	1,92	2,12
Quick Ratio	−3,3	−6,28	−14,16	−2,97
Equity Ratio	0,59	0,57	0,48	0,53
Gross Profit Margin	22,82 %	26,27 %	22,33 %	21,29 %