ERICHSEN RACING AS

1358 JAR

Finances

Share Ownership

Return on Equity

11,86 %

Current Ratio

2,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 263 000	4 859 000	4 630 000	3 792 000
Net Income	222 000	160 000	214 000	233 000
Total Assets	2 740 000	2 324 000	2 351 000	1 972 000
Total Equity	1 872 000	1 650 000	1 489 000	1 376 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 263 000	4 859 000	4 630 000	3 792 000
Expenditure	4 975 000	4 651 000	4 356 000	3 492 000
Operating Profit	288 000	208 000	274 000	299 000
Financial Income	1 000	0	1 000	1 000
Financial Costs	0	0	0	0
Financial Balance	1 000	0	1 000	1 000
Earnings Before Tax	289 000	208 000	274 000	300 000
Tax	66 000	48 000	61 000	67 000
Net Income	222 000	160 000	214 000	233 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	980 000	1 000 000	0	0
Total Current Assets	1 761 000	1 324 000	2 351 000	1 972 000
Total Assets	2 740 000	2 324 000	2 351 000	1 972 000
Total Retained Equity	1 772 000	1 550 000	1 389 000	1 276 000
Total Equity	1 872 000	1 650 000	1 489 000	1 376 000
Total Long-Term Debt	0	0	209 000	0
Total Current Debt	868 000	674 000	652 000	597 000
Total Equity and Debt	2 740 000	2 324 000	2 351 000	1 972 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 782 000	4 706 000	4 402 000	3 620 000
Other Income	482 000	154 000	228 000	171 000
Revenue	5 263 000	4 859 000	4 630 000	3 792 000
Cost of Goods Sold	1 146 000	831 000	847 000	678 000
Salary Costs	3 089 000	3 023 000	2 785 000	2 263 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	4 975 000	4 651 000	4 356 000	3 492 000
Operating Profit	288 000	208 000	274 000	299 000
Financial Income	1 000	0	1 000	1 000
Financial Costs	0	0	0	0
Financial Balance	1 000	0	1 000	1 000
Dividends	0	0	0	0
Net Income	222 000	160 000	214 000	233 000

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	980 000	1 000 000	0	0
Total Fixed Assets	980 000	1 000 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 295 000	1 089 000	2 307 000	1 772 000
Total Current Assets	1 761 000	1 324 000	2 351 000	1 972 000
Total Assets	2 740 000	2 324 000	2 351 000	1 972 000
Total Equity	1 872 000	1 650 000	1 489 000	1 376 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	209 000	0
Creditors	58 000	68 000	84 000	63 000
Unpaid Taxes	336 000	288 000	271 000	277 000
Dividends	0	0	0	0
Other Current Debt	408 000	270 000	236 000	190 000
Total Current Debt	868 000	674 000	652 000	597 000
Total Equity and Debt	2 740 000	2 324 000	2 351 000	1 972 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,86 %	9,7 %	14,37 %	16,93 %
Debt-to-Equity Ratio	0	0	0,14	0
Operating Profit Margin	5,47 %	4,28 %	5,92 %	7,89 %
Current Ratio	2,03	1,96	3,61	3,3
Quick Ratio	2,03	1,96	3,61	3,3
Equity Ratio	0,68	0,71	0,63	0,7
Gross Profit Margin	78,23 %	82,9 %	81,71 %	82,12 %