FRODE HOLTE MOTORSPORT AS

4515 MANDAL

Finances

Share Ownership

Return on Equity

−0 %

Current Ratio

Debt-to-Equity Ratio

−0,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	159 000	25 000
Net Income	0	−1 000	57 000	−52 000
Total Assets	106 000	106 000	112 000	261 000
Total Equity	−2 958 000	−2 958 000	−2 957 000	−3 014 000

Income (NOK)	2021	2020	2019
Revenue	0	159 000	25 000
Expenditure	1 000	102 000	77 000
Operating Profit	−1 000	57 000	−52 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Earnings Before Tax	−1 000	57 000	−52 000
Tax	0	0	0
Net Income	−1 000	57 000	−52 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	100 000	100 000	100 000	212 000
Total Current Assets	6 000	6 000	12 000	48 000
Total Assets	106 000	106 000	112 000	261 000
Total Retained Equity	−3 596 000	−3 596 000	−3 595 000	−3 652 000
Total Equity	−2 958 000	−2 958 000	−2 957 000	−3 014 000
Total Long-Term Debt	1 617 000	1 617 000	1 622 000	1 828 000
Total Current Debt	1 447 000	1 447 000	1 447 000	1 447 000
Total Equity and Debt	106 000	106 000	112 000	261 000

Cash flow (NOK)	2021	2020	2019
Sales Income	0	0	25 000
Other Income	0	159 000	0
Revenue	0	159 000	25 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	0	106 000	59 000
Impairment	0	0	0
Expenditure	1 000	102 000	77 000
Operating Profit	−1 000	57 000	−52 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Dividends	0	0	0
Net Income	−1 000	57 000	−52 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	100 000	100 000	100 000	206 000
Total Tangible Assets	100 000	100 000	100 000	206 000
Total Fiancial Fixed Assets	0	0	0	6 000
Total Fixed Assets	100 000	100 000	100 000	212 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	6 000	48 000
Total Current Assets	6 000	6 000	12 000	48 000
Total Assets	106 000	106 000	112 000	261 000
Total Equity	−2 958 000	−2 958 000	−2 957 000	−3 014 000
Short-Term Group Debt	0	0	1 447 000	0
Total Long-Term Debt	1 617 000	1 617 000	1 622 000	1 828 000
Creditors	1 447 000	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	1 447 000	0	1 447 000
Total Current Debt	1 447 000	1 447 000	1 447 000	1 447 000
Total Equity and Debt	106 000	106 000	112 000	261 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0 %	0,03 %	−1,93 %	1,73 %
Debt-to-Equity Ratio	−0,55	−0,55	−0,55	−0,61
Operating Profit Margin	-	-	35,85 %	−208 %
Current Ratio	0	0	0,01	0,03
Quick Ratio	0	0	0,01	0,03
Equity Ratio	−27,91	−27,91	−26,4	−11,55
Gross Profit Margin	-	-	100 %	100 %