FORMULA AUTOMOBILE NORGE AS

1396 BILLINGSTAD

Finances

Share Ownership

Return on Equity

−121,57 %

Current Ratio

0,96

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	455 806 000	484 276 000	395 641 000	220 444 000
Net Income	−12 091 000	−3 655 000	−17 977 000	−18 688 000
Total Assets	127 511 000	110 524 000	125 850 000	88 718 000
Total Equity	9 946 000	9 857 000	13 512 000	−8 511 000

Income (NOK)	2022	2021	2020	2019
Revenue	455 806 000	484 276 000	395 641 000	220 444 000
Expenditure	465 102 000	485 547 000	409 510 000	235 676 000
Operating Profit	−9 296 000	−1 271 000	−13 869 000	−15 231 000
Financial Income	31 000	171 000	1 653 000	325 000
Financial Costs	2 826 000	2 555 000	5 761 000	2 286 000
Financial Balance	−2 795 000	−2 384 000	−4 108 000	−1 961 000
Earnings Before Tax	−12 091 000	−3 655 000	−17 977 000	−17 192 000
Tax	0	0	0	1 496 000
Net Income	−12 091 000	−3 655 000	−17 977 000	−18 688 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 459 000	14 298 000	7 962 000	16 977 000
Total Current Assets	113 053 000	96 226 000	117 888 000	71 741 000
Total Assets	127 511 000	110 524 000	125 850 000	88 718 000
Total Retained Equity	−3 494 000	−40 343 000	−36 688 000	−18 711 000
Total Equity	9 946 000	9 857 000	13 512 000	−8 511 000
Total Long-Term Debt	0	1 786 000	1 563 000	0
Total Current Debt	117 565 000	98 882 000	110 775 000	97 230 000
Total Equity and Debt	127 511 000	110 524 000	125 850 000	88 718 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	450 970 000	483 094 000	395 643 000	220 442 000
Other Income	4 836 000	1 182 000	−2 000	2 000
Revenue	455 806 000	484 276 000	395 641 000	220 444 000
Cost of Goods Sold	417 109 000	441 155 000	363 706 000	201 869 000
Salary Costs	20 905 000	22 096 000	21 130 000	10 203 000
Depreciation	3 419 000	1 665 000	1 436 000	850 000
Impairment	0	0	0	0
Expenditure	465 102 000	485 547 000	409 510 000	235 676 000
Operating Profit	−9 296 000	−1 271 000	−13 869 000	−15 231 000
Financial Income	31 000	171 000	1 653 000	325 000
Financial Costs	2 826 000	2 555 000	5 761 000	2 286 000
Financial Balance	−2 795 000	−2 384 000	−4 108 000	−1 961 000
Dividends	0	0	0	0
Net Income	−12 091 000	−3 655 000	−17 977 000	−18 688 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	372 000	410 000	269 000	107 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	11 000	64 000	0
Fixtures	13 345 000	12 092 000	6 016 000	16 868 000
Total Tangible Assets	13 345 000	12 102 000	6 080 000	16 868 000
Total Fiancial Fixed Assets	742 000	1 786 000	1 614 000	2 000
Total Fixed Assets	14 459 000	14 298 000	7 962 000	16 977 000
Stock	68 457 000	56 303 000	66 426 000	51 722 000
Total Investments	0	0	0	0
Cash, Bank	5 931 000	16 313 000	10 369 000	748 000
Total Current Assets	113 053 000	96 226 000	117 888 000	71 741 000
Total Assets	127 511 000	110 524 000	125 850 000	88 718 000
Total Equity	9 946 000	9 857 000	13 512 000	−8 511 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 786 000	1 563 000	0
Creditors	8 942 000	8 713 000	34 844 000	6 949 000
Unpaid Taxes	11 400 000	8 800 000	6 808 000	1 060 000
Dividends	0	0	0	0
Other Current Debt	41 192 000	35 239 000	33 782 000	66 628 000
Total Current Debt	117 565 000	98 882 000	110 775 000	97 230 000
Total Equity and Debt	127 511 000	110 524 000	125 850 000	88 718 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−121,57 %	−37,08 %	−133,04 %	219,57 %
Debt-to-Equity Ratio	0	0,18	0,12	−0
Operating Profit Margin	−2,04 %	−0,26 %	−3,51 %	−6,91 %
Current Ratio	0,96	0,97	1,06	0,74
Quick Ratio	2,3	2,26	2,66	1,58
Equity Ratio	0,08	0,09	0,11	−0,1
Gross Profit Margin	8,49 %	8,9 %	8,07 %	8,43 %