RACE HOLDING AS

3256 LARVIK

Finances

Return on Equity

10,18 %

Current Ratio

4,14

Debt-to-Equity Ratio

0,34

Key figures (NOK)	2022	2021	2020	2019
Revenue	341 382 000	48 000	294 103 000	213 372 000
Net Income	22 537 000	59 073 000	21 786 000	20 652 000
Total Assets	345 545 000	206 865 000	299 478 000	236 047 000
Total Equity	221 450 000	167 195 000	201 771 000	189 985 000

Income (NOK)	2022	2021	2020	2019
Revenue	341 382 000	48 000	294 103 000	213 372 000
Expenditure	309 942 000	1 605 000	265 262 000	188 830 000
Operating Profit	31 440 000	−1 556 000	28 842 000	24 542 000
Financial Income	2 242 000	61 910 000	959 000	2 122 000
Financial Costs	3 842 000	1 140 000	1 180 000	164 000
Financial Balance	−1 600 000	60 770 000	−221 000	1 958 000
Earnings Before Tax	29 839 000	59 213 000	28 620 000	26 500 000
Tax	7 303 000	140 000	6 834 000	5 848 000
Net Income	22 537 000	59 073 000	21 786 000	20 652 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	139 848 000	40 782 000	86 387 000	24 599 000
Total Current Assets	205 697 000	166 083 000	213 091 000	211 448 000
Total Assets	345 545 000	206 865 000	299 478 000	236 047 000
Total Retained Equity	218 960 000	166 134 000	200 710 000	188 924 000
Total Equity	221 450 000	167 195 000	201 771 000	189 985 000
Total Long-Term Debt	74 463 000	10 293 000	62 527 000	10 141 000
Total Current Debt	49 631 000	29 377 000	35 180 000	35 921 000
Total Equity and Debt	345 545 000	206 865 000	299 478 000	236 047 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	334 848 000	0	288 606 000	212 311 000
Other Income	6 533 000	48 000	5 497 000	1 062 000
Revenue	341 382 000	48 000	294 103 000	213 372 000
Cost of Goods Sold	275 638 000	0	233 546 000	162 785 000
Salary Costs	11 173 000	0	11 173 000	12 421 000
Depreciation	4 219 000	0	4 436 000	2 702 000
Impairment	0	0	1 159 000	0
Expenditure	309 942 000	1 605 000	265 262 000	188 830 000
Operating Profit	31 440 000	−1 556 000	28 842 000	24 542 000
Financial Income	2 242 000	61 910 000	959 000	2 122 000
Financial Costs	3 842 000	1 140 000	1 180 000	164 000
Financial Balance	−1 600 000	60 770 000	−221 000	1 958 000
Dividends	0	30 000 000	10 000 000	0
Net Income	22 537 000	59 073 000	21 786 000	20 652 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	130 064 000	0	78 152 000	14 995 000
Machinery and Plant Facilities	2 645 000	0	1 879 000	2 966 000
Fixtures	4 034 000	0	4 324 000	5 096 000
Total Tangible Assets	136 743 000	0	84 355 000	23 056 000
Total Fiancial Fixed Assets	3 105 000	40 782 000	2 032 000	1 542 000
Total Fixed Assets	139 848 000	40 782 000	86 387 000	24 599 000
Stock	0	0	0	0
Total Investments	21 109 000	7 158 000	0	0
Cash, Bank	101 584 000	155 149 000	147 702 000	163 628 000
Total Current Assets	205 697 000	166 083 000	213 091 000	211 448 000
Total Assets	345 545 000	206 865 000	299 478 000	236 047 000
Total Equity	221 450 000	167 195 000	201 771 000	189 985 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	74 463 000	10 293 000	62 527 000	10 141 000
Creditors	33 808 000	5 000	20 582 000	20 011 000
Unpaid Taxes	5 012 000	0	5 607 000	6 066 000
Dividends	0	30 000 000	10 000 000	0
Other Current Debt	3 580 000	29 082 000	1 790 000	4 079 000
Total Current Debt	49 631 000	29 377 000	35 180 000	35 921 000
Total Equity and Debt	345 545 000	206 865 000	299 478 000	236 047 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,18 %	35,33 %	10,8 %	10,87 %
Debt-to-Equity Ratio	0,34	0,06	0,31	0,05
Operating Profit Margin	9,21 %	−3 241,67 %	9,81 %	11,5 %
Current Ratio	4,14	5,65	6,06	5,89
Quick Ratio	4,14	5,65	6,06	5,89
Equity Ratio	0,64	0,81	0,67	0,8
Gross Profit Margin	19,26 %	100 %	20,59 %	23,71 %