STRØMØY RACING AS

3209 SANDEFJORD

Finances

Share Ownership

Return on Equity

81,57 %

Current Ratio

1,81

Debt-to-Equity Ratio

7,96

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 217 000	2 382 000	2 186 000	3 318 000
Net Income	177 000	70 000	−251 000	6 000
Total Assets	2 181 000	2 132 000	2 110 000	605 000
Total Equity	217 000	39 000	−31 000	220 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 217 000	2 382 000	2 186 000	3 318 000
Expenditure	2 917 000	2 244 000	2 467 000	3 310 000
Operating Profit	300 000	138 000	−280 000	9 000
Financial Income	1 000	11 000	0	0
Financial Costs	73 000	59 000	42 000	0
Financial Balance	−72 000	−48 000	−42 000	0
Earnings Before Tax	228 000	90 000	−322 000	9 000
Tax	50 000	20 000	−71 000	3 000
Net Income	177 000	70 000	−251 000	6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 753 000	1 859 000	1 871 000	55 000
Total Current Assets	428 000	273 000	239 000	550 000
Total Assets	2 181 000	2 132 000	2 110 000	605 000
Total Retained Equity	187 000	9 000	−61 000	190 000
Total Equity	217 000	39 000	−31 000	220 000
Total Long-Term Debt	1 727 000	1 865 000	1 798 000	0
Total Current Debt	237 000	228 000	343 000	385 000
Total Equity and Debt	2 181 000	2 132 000	2 110 000	605 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 217 000	2 303 000	2 217 000	3 318 000
Other Income	0	79 000	−31 000	0
Revenue	3 217 000	2 382 000	2 186 000	3 318 000
Cost of Goods Sold	489 000	69 000	59 000	325 000
Salary Costs	687 000	493 000	870 000	844 000
Depreciation	56 000	54 000	57 000	22 000
Impairment	0	0	0	0
Expenditure	2 917 000	2 244 000	2 467 000	3 310 000
Operating Profit	300 000	138 000	−280 000	9 000
Financial Income	1 000	11 000	0	0
Financial Costs	73 000	59 000	42 000	0
Financial Balance	−72 000	−48 000	−42 000	0
Dividends	0	0	0	0
Net Income	177 000	70 000	−251 000	6 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	11 000	61 000	81 000	10 000
Real Eastate	1 740 000	1 787 000	1 771 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	10 000	18 000	45 000
Total Tangible Assets	1 740 000	1 796 000	1 789 000	45 000
Total Fiancial Fixed Assets	2 000	2 000	2 000	0
Total Fixed Assets	1 753 000	1 859 000	1 871 000	55 000
Stock	306 000	79 000	69 000	128 000
Total Investments	0	0	0	0
Cash, Bank	48 000	28 000	77 000	251 000
Total Current Assets	428 000	273 000	239 000	550 000
Total Assets	2 181 000	2 132 000	2 110 000	605 000
Total Equity	217 000	39 000	−31 000	220 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 727 000	1 865 000	1 798 000	0
Creditors	109 000	−8 000	212 000	197 000
Unpaid Taxes	65 000	34 000	45 000	87 000
Dividends	0	0	0	0
Other Current Debt	62 000	202 000	86 000	101 000
Total Current Debt	237 000	228 000	343 000	385 000
Total Equity and Debt	2 181 000	2 132 000	2 110 000	605 000

Financial indicators	2022	2021	2020	2019
Return on Equity	81,57 %	179,49 %	809,68 %	2,73 %
Debt-to-Equity Ratio	7,96	47,82	−58	0
Operating Profit Margin	9,33 %	5,79 %	−12,81 %	0,27 %
Current Ratio	1,81	1,2	0,7	1,43
Quick Ratio	−6,2	1,83	0,87	2,14
Equity Ratio	0,1	0,02	−0,01	0,36
Gross Profit Margin	84,8 %	97,1 %	97,3 %	90,2 %