Formal report

Annual accounts

Profit and loss statement 2020

Amounts in NOK millionsNote20202019
Operating revenue
Gaming revenue142 59440 267
Other operating revenue411
Total operating revenue42 59840 278
 
Operating expenses
Prizes34 08332 111
Gaming commissions to sales agents520620
Payroll and personnel expenses2422440
Depreciations and write-downs595189
Other operating expenses 2,31 3191 315
Total operating expenses36 44034 674
 
Operating result6 1585 603
 
Financial income42986
Financial expenses42114
 
Annual result136 1675 676
 
Distribution of annual result:
The Tippenøkkelen fixed distribution formula5 3934 777
The Grassroots Share717697
The Bingo Operators’ surplus funds for good causes4055
Measures against gambling addiction1715
Transferred to other equity0131
Total allocated6 1675 676

Balance

Amounts in NOK millionsNote20202019
ASSETS
 
Non-current assets
 
Intangible assets
Intangible assets53149
Total intangible assets3149
 
Fixed assets
Art511
Land, buildings, and other real property5150173
Vehicles, machinery, inventories, and equipment5237103
Total fixed assets388278
 
Non-current financial assets
Investments in subsidiaries 611
Investments in associated companies63434
Other non-current receivables84441
Total non-current financial assets7876
 
Total non-current assets498403
 
Current assets
 
Receivables
Sales agent receivables9711
Other receivables10121130
Total receivables191131
 
Cash and cash equivalents 166 2085 306
 
Total current assets6 3995 437
 
TOTAL ASSETS6 8975 840
 
 
EQUITY AND LIABILITIES
 
Equity
 
Paid-in equity
Share capital110,20,2
Total paid-in equity0,20,2
 
Retained earnings
Non-distributable equity fund12150150
Investment fund1299
Other equity12326337
Total retained earnings485496
 
Total equity485496
 
Liabilities
 
Provisions for liabilities
Pension liabilities15180167
Total provisions for liabilities180167
 
Total non-current liabilities180167
 
Current liabilities
Accounts payable to suppliers712989
Undistributed prizes186169
Prepaid stakes174173
Tax owed3833
Other current liabilities13913531
Residual surplus funds payable144 7934 182
Total current liabilities6 2335 177
 
Total liabilities6 4125 344
 
TOTAL EQUITY AND LIABILITIES6 8975 840
The Board, Norsk Tipping AS
Hamar, March 11 2021
Linda Bernander Silseth
Board chair
Per Olav Monseth
David Hansen
Aysegül Cin
Bjørn Vidar Mathisen
Per Øivind Skard
Linda Reinhardsen Frisvold
Linda Vøllestad Westbye
Åsne Havnelid
CEO

Statement of cash flow

Amounts in NOK millionsNote20202019
Cash flow from operating activities
Result before tax 6 1675 676
Loss/gain from sale of non-current assets 500
Ordinary depreciation 595189
Write-downs of non-current assets 500
Changes in sales agent receivables 9-6970
Changes in accouts payavle to suppliers 40-9
Difference betwwen expensed pensions and receipts/payments in pension schemes 151316
Poster klassifisert som investerings-/finansieringsaktiviteter00
Changes in other accruals 10411-1
Net cash flow from operating activities6 6565 941
 
Cash flow from investing activities
Receipts from sales of fixed assets 00
Payments for purchases of fixed assets 5-187-25
Net cash flow from investing activities-187-25
 
Cash flow from financing activities
Transfer of surplus funds to good causes -5 566-5 566
Net cash flow from financing activities-5 566-5 566
 
Net changes in cash and cash equivalents 902350
 
Cash and cash equivalents at the start of the period 5 3064 954
 
Cash and cash equivalents at the start of the period 6 2095 306
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