OFFSHORE RACING SERVICES AS

2080 EIDSVOLL

Finances

Share Ownership

Return on Equity

162,5 %

Current Ratio

1,3

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	878 000	247 000	375 000	1 133 000
Net Income	130 000	58 000	−92 000	−251 000
Total Assets	345 000	232 000	184 000	445 000
Total Equity	80 000	−50 000	−107 000	−15 000

Income (NOK)	2022	2021	2020	2019
Revenue	878 000	247 000	375 000	1 133 000
Expenditure	768 000	196 000	488 000	1 393 000
Operating Profit	110 000	52 000	−113 000	−260 000
Financial Income	26 000	16 000	45 000	19 000
Financial Costs	6 000	10 000	24 000	11 000
Financial Balance	20 000	6 000	21 000	8 000
Earnings Before Tax	130 000	58 000	−92 000	−251 000
Tax	0	0	0	0
Net Income	130 000	58 000	−92 000	−251 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	345 000	232 000	184 000	445 000
Total Assets	345 000	232 000	184 000	445 000
Total Retained Equity	−20 000	−150 000	−207 000	−115 000
Total Equity	80 000	−50 000	−107 000	−15 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	265 000	282 000	292 000	460 000
Total Equity and Debt	345 000	232 000	184 000	445 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	878 000	247 000	375 000	1 133 000
Other Income	0	0	0	0
Revenue	878 000	247 000	375 000	1 133 000
Cost of Goods Sold	0	0	0	0
Salary Costs	556 000	85 000	356 000	1 111 000
Depreciation	0	0	0	4 000
Impairment	0	0	0	0
Expenditure	768 000	196 000	488 000	1 393 000
Operating Profit	110 000	52 000	−113 000	−260 000
Financial Income	26 000	16 000	45 000	19 000
Financial Costs	6 000	10 000	24 000	11 000
Financial Balance	20 000	6 000	21 000	8 000
Dividends	0	0	0	0
Net Income	130 000	58 000	−92 000	−251 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	242 000	213 000	168 000	235 000
Total Current Assets	345 000	232 000	184 000	445 000
Total Assets	345 000	232 000	184 000	445 000
Total Equity	80 000	−50 000	−107 000	−15 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	10 000
Unpaid Taxes	58 000	18 000	7 000	62 000
Dividends	0	0	0	0
Other Current Debt	207 000	264 000	284 000	388 000
Total Current Debt	265 000	282 000	292 000	460 000
Total Equity and Debt	345 000	232 000	184 000	445 000

Financial indicators	2022	2021	2020	2019
Return on Equity	162,5 %	−116 %	85,98 %	1 673,33 %
Debt-to-Equity Ratio	0	−0	−0	−0
Operating Profit Margin	12,53 %	21,05 %	−30,13 %	−22,95 %
Current Ratio	1,3	0,82	0,63	0,97
Quick Ratio	1,3	0,82	0,63	0,97
Equity Ratio	0,23	−0,22	−0,58	−0,03
Gross Profit Margin	100 %	100 %	100 %	100 %