SKAAR RACING TEAM AS

1734 HAFSLUNDSØY

Finances

Share Ownership

Return on Equity

31,6 %

Current Ratio

0,27

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	350 000	404 000	221 000	2 000
Net Income	79 000	56 000	117 000	−35 000
Total Assets	641 000	413 000	130 000	11 000
Total Equity	250 000	171 000	115 000	−2 000

Income (NOK)	2022	2021	2020	2019
Revenue	350 000	404 000	221 000	2 000
Expenditure	270 000	211 000	100 000	37 000
Operating Profit	79 000	56 000	117 000	−35 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	79 000	56 000	117 000	−35 000
Tax	0	0	0	0
Net Income	79 000	56 000	117 000	−35 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	536 000	68 000	2 000	0
Total Current Assets	105 000	345 000	128 000	11 000
Total Assets	641 000	413 000	130 000	11 000
Total Retained Equity	75 000	−4 000	−60 000	−177 000
Total Equity	250 000	171 000	115 000	−2 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	391 000	242 000	15 000	13 000
Total Equity and Debt	641 000	413 000	130 000	11 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	350 000	404 000	221 000	2 000
Other Income	0	0	0	0
Revenue	350 000	404 000	221 000	2 000
Cost of Goods Sold	152 000	1 000	37 000	0
Salary Costs	0	0	0	0
Depreciation	42 000	0	0	23 000
Impairment	0	0	0	0
Expenditure	270 000	211 000	100 000	37 000
Operating Profit	79 000	56 000	117 000	−35 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	79 000	56 000	117 000	−35 000

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	536 000	68 000	0	0
Total Tangible Assets	536 000	68 000	0	0
Total Fiancial Fixed Assets	0	0	2 000	0
Total Fixed Assets	536 000	68 000	2 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	34 000	64 000	27 000	1 000
Total Current Assets	105 000	345 000	128 000	11 000
Total Assets	641 000	413 000	130 000	11 000
Total Equity	250 000	171 000	115 000	−2 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	122 000	3 000	11 000	0
Unpaid Taxes	13 000	13 000	−1 000	0
Dividends	0	0	0	0
Other Current Debt	256 000	227 000	5 000	13 000
Total Current Debt	391 000	242 000	15 000	13 000
Total Equity and Debt	641 000	413 000	130 000	11 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,6 %	32,75 %	101,74 %	1 750 %
Debt-to-Equity Ratio	0	0	0	−0
Operating Profit Margin	22,57 %	13,86 %	52,94 %	−1 750 %
Current Ratio	0,27	1,43	8,53	0,85
Quick Ratio	0,27	1,43	8,53	0,85
Equity Ratio	0,39	0,41	0,88	−0,18
Gross Profit Margin	56,57 %	99,75 %	83,26 %	100 %