KIMMIT SPORT RACING AS

6815 FØRDE

Finances

Share Ownership

Return on Equity

−23,72 %

Current Ratio

1,96

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 250 000	2 672 000	2 396 000	2 265 000
Net Income	−185 000	92 000	29 000	119 000
Total Assets	1 562 000	1 663 000	1 647 000	1 479 000
Total Equity	780 000	965 000	873 000	844 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 250 000	2 672 000	2 396 000	2 265 000
Expenditure	2 423 000	2 545 000	2 346 000	2 098 000
Operating Profit	−173 000	127 000	50 000	167 000
Financial Income	1 000	0	0	0
Financial Costs	13 000	10 000	13 000	14 000
Financial Balance	−12 000	−10 000	−13 000	−14 000
Earnings Before Tax	−184 000	118 000	37 000	153 000
Tax	1 000	26 000	8 000	34 000
Net Income	−185 000	92 000	29 000	119 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	32 000	43 000	44 000	58 000
Total Current Assets	1 530 000	1 620 000	1 602 000	1 421 000
Total Assets	1 562 000	1 663 000	1 647 000	1 479 000
Total Retained Equity	406 000	590 000	499 000	470 000
Total Equity	780 000	965 000	873 000	844 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	782 000	698 000	774 000	636 000
Total Equity and Debt	1 562 000	1 663 000	1 647 000	1 479 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 250 000	2 672 000	2 396 000	2 265 000
Other Income	0	0	0	0
Revenue	2 250 000	2 672 000	2 396 000	2 265 000
Cost of Goods Sold	1 907 000	2 053 000	1 819 000	1 627 000
Salary Costs	0	0	0	0
Depreciation	10 000	10 000	6 000	1 000
Impairment	0	0	0	0
Expenditure	2 423 000	2 545 000	2 346 000	2 098 000
Operating Profit	−173 000	127 000	50 000	167 000
Financial Income	1 000	0	0	0
Financial Costs	13 000	10 000	13 000	14 000
Financial Balance	−12 000	−10 000	−13 000	−14 000
Dividends	0	0	0	0
Net Income	−185 000	92 000	29 000	119 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	1 000	22 000	31 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	32 000	42 000	22 000	28 000
Total Tangible Assets	32 000	42 000	22 000	28 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	32 000	43 000	44 000	58 000
Stock	1 408 000	1 493 000	1 385 000	1 188 000
Total Investments	0	0	0	0
Cash, Bank	0	0	20 000	0
Total Current Assets	1 530 000	1 620 000	1 602 000	1 421 000
Total Assets	1 562 000	1 663 000	1 647 000	1 479 000
Total Equity	780 000	965 000	873 000	844 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	65 000	35 000	63 000	61 000
Unpaid Taxes	52 000	74 000	79 000	68 000
Dividends	0	0	0	0
Other Current Debt	494 000	494 000	475 000	330 000
Total Current Debt	782 000	698 000	774 000	636 000
Total Equity and Debt	1 562 000	1 663 000	1 647 000	1 479 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−23,72 %	9,53 %	3,32 %	14,1 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−7,69 %	4,75 %	2,09 %	7,37 %
Current Ratio	1,96	2,32	2,07	2,23
Quick Ratio	−2,44	−2,04	−2,62	−2,57
Equity Ratio	0,5	0,58	0,53	0,57
Gross Profit Margin	15,24 %	23,17 %	24,08 %	28,17 %