Annual accounts

Balance sheet

Amounts in NOK millionsNote20192018
Operating revenue
Gaming revenue140 26738 122
Other operating revenue1112
Total operating revenue40 27838 134
1
Operating expenses
Prizes32 11129 980
Gaming commissions to sales agents620706
Payroll and personnel expenses2440414
Depreciations and write-downs5189183
Other operating expenses2,31 3151 379
Total operating expenses34 67432 661
1
Operating result5 6035 473
1
Financial income48655
Financial expenses4145
1
Annual result145 6765 523
1
Distribution of annual result:
The Tippenøkkelen fixed distribution formula4 7774 777
The Grassroots Share697648
The Bingo Operators’ surplus funds for good causes5569
Measures against gambling addiction1515
Transferred to other equity1310
Government’s anniversary gift to the Norwegian Trekking Association’s (DNT) 015
Total allocated5 6765 523

Balance

Amounts in NOK millionsNote20192018
ASSETS
Non-current assets
Intangible assets549111
Total intangible assets49111
1
Fixed assets
Art511
Land, buildings, and other real property5173191
Vehicles, machinery, inventories, and equipment5103189
Total fixed assets278382
1
Non-current financial assets
Investments in subsidiaries611
Investments in associated companies63434
Other non-current receivables84147
Total non-current financial assets7681
1
Total non-current assets403573
1
Current assets
1
Stocks900
1
Receivables
Sales agent receivables10171
Other receivables1113086
Total receivables131157
1
Cash and cash equivalents175 3064 954
1
Total current assets5 4375 112
1
TOTAL ASSETS5 8405 685
1
1
EQUITY AND LIABILITIES
1
Equity
Paid-in equity
Share capital120,20,2
Total paid-in equity0,20,2
1
Retained earnings
Non-distributable equity fund13150150
Investment fund1399
Other equity13337205
Total retained earnings496364
1
Total equity496364
1
Liabilities
Provisions for liabilities
16 Pension liabilities16167151
Total provisions for liabilities167151
1
Total non-current liabilities167151
1
Current liabilities
Accounts payable to suppliers78998
Undistributed prizes169159
Prepaid stakes173175
Tax owed3332
Other current liabilities14531504
Residual surplus funds payable154 1824 203
Total current liabilities5 1775 171
1
Total liabilities5 3445 321
1
TOTAL EQUITY AND LIABILITIES5 8405 685
The Board, Norsk Tipping AS
Hamar, 27.mars 2020
Linda Bernander Silseth
CEO
Per Olav Monseth
David Hansen
Anne Lise Meyer
Bjørn Vidar Mathisen
Andreas Egge Thorsheim
Linda Reinhardsen Frisvold
Linda Vøllestad Westbye
Åsne Havnelid
CEO

Statement of cash flow

Amounts in NOK millionsNote20192018
1
Cash flow from operating activities
Result before tax5 6765 523
Tax paid in the period00
Loss/gain from sale of non-current assets50-2
Ordinary depreciation5189183
Write-downs of non-current assets500
Changes in sales agent receivables107011
Changes in accounts payable to suppliers-9-27
Difference between expensed pensions and receipts/payments in pension schemes16169
Changes in other accruals11-1-44
Net cash flow from operating activities5 9415 654
1
Cash flow from investing activities
Receipts from sales of fixed assets02
Payments for purchases of fixed assets5-25-40
Net cash flow from investing activities-25-39
1
Cash flow from financing activities
Transfer of surplus funds to good causes-5 566-6 116
Net cash flow from financing activities-5 566-6 116
1
Net change in cash and cash equivalents350-502
1
Cash and cash equivalents at the start of the period4 9545 456
1
Cash and cash equivalents at the end of the period5 3064 954