OFFROAD POWER AS

2019 SKEDSMOKORSET

Finances

Share Ownership

Return on Equity

100 %

Current Ratio

2,93

Debt-to-Equity Ratio

0,89

Key figures (NOK)	2022	2021	2020	2019
Revenue	372 000	223 000	2 000	44 000
Net Income	196 000	162 000	−43 000	−83 000
Total Assets	497 000	206 000	75 000	124 000
Total Equity	196 000	0	−162 000	−119 000

Income (NOK)	2022	2021	2020	2019
Revenue	372 000	223 000	2 000	44 000
Expenditure	126 000	62 000	45 000	125 000
Operating Profit	246 000	162 000	−43 000	−82 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	1 000
Financial Balance	0	0	0	−1 000
Earnings Before Tax	246 000	162 000	−43 000	−83 000
Tax	50 000	0	0	0
Net Income	196 000	162 000	−43 000	−83 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	128 000	156 000	64 000	95 000
Total Current Assets	369 000	50 000	11 000	29 000
Total Assets	497 000	206 000	75 000	124 000
Total Retained Equity	96 000	−100 000	−262 000	−219 000
Total Equity	196 000	0	−162 000	−119 000
Total Long-Term Debt	175 000	50 000	235 000	235 000
Total Current Debt	126 000	157 000	2 000	8 000
Total Equity and Debt	497 000	206 000	75 000	124 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	372 000	18 000	2 000	42 000
Other Income	0	205 000	0	2 000
Revenue	372 000	223 000	2 000	44 000
Cost of Goods Sold	49 000	7 000	0	15 000
Salary Costs	0	0	0	0
Depreciation	31 000	30 000	31 000	41 000
Impairment	0	0	0	0
Expenditure	126 000	62 000	45 000	125 000
Operating Profit	246 000	162 000	−43 000	−82 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	1 000
Financial Balance	0	0	0	−1 000
Dividends	0	0	0	0
Net Income	196 000	162 000	−43 000	−83 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	125 000	156 000	64 000	95 000
Fixtures	0	0	0	0
Total Tangible Assets	125 000	156 000	64 000	95 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	128 000	156 000	64 000	95 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	367 000	50 000	1 000	4 000
Total Current Assets	369 000	50 000	11 000	29 000
Total Assets	497 000	206 000	75 000	124 000
Total Equity	196 000	0	−162 000	−119 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	175 000	50 000	235 000	235 000
Creditors	1 000	190 000	1 000	6 000
Unpaid Taxes	73 000	−33 000	−2 000	0
Dividends	0	0	0	0
Other Current Debt	0	0	3 000	3 000
Total Current Debt	126 000	157 000	2 000	8 000
Total Equity and Debt	497 000	206 000	75 000	124 000

Financial indicators	2022	2021	2020	2019
Return on Equity	100 %	-	26,54 %	69,75 %
Debt-to-Equity Ratio	0,89	-	−1,45	−1,97
Operating Profit Margin	66,13 %	72,65 %	−2 150 %	−186,36 %
Current Ratio	2,93	0,32	5,5	3,63
Quick Ratio	2,93	0,32	5,5	3,63
Equity Ratio	0,39	0	−2,16	−0,96
Gross Profit Margin	86,83 %	96,86 %	100 %	65,91 %