Annual accounts

Balance sheet

Amounts in NOK millions	Note	2019	2018
Operating revenue
Gaming revenue	1	40 267	38 122
Other operating revenue		11	12
Total operating revenue		40 278	38 134
1
Operating expenses
Prizes		32 111	29 980
Gaming commissions to sales agents		620	706
Payroll and personnel expenses	2	440	414
Depreciations and write-downs	5	189	183
Other operating expenses	2,3	1 315	1 379
Total operating expenses		34 674	32 661
1
Operating result		5 603	5 473
1
Financial income	4	86	55
Financial expenses	4	14	5
1
Annual result	14	5 676	5 523
1
Distribution of annual result:
The Tippenøkkelen fixed distribution formula		4 777	4 777
The Grassroots Share		697	648
The Bingo Operators’ surplus funds for good causes		55	69
Measures against gambling addiction		15	15
Transferred to other equity		131	0
Government’s anniversary gift to the Norwegian Trekking Association’s (DNT)		0	15
Total allocated		5 676	5 523

Balance

Amounts in NOK millions	Note	2019	2018
ASSETS
Non-current assets
Intangible assets	5	49	111
Total intangible assets		49	111
1
Fixed assets
Art	5	1	1
Land, buildings, and other real property	5	173	191
Vehicles, machinery, inventories, and equipment	5	103	189
Total fixed assets		278	382
1
Non-current financial assets
Investments in subsidiaries	6	1	1
Investments in associated companies	6	34	34
Other non-current receivables	8	41	47
Total non-current financial assets		76	81
1
Total non-current assets		403	573
1
Current assets
1
Stocks	9	0	0
1
Receivables
Sales agent receivables	10	1	71
Other receivables	11	130	86
Total receivables		131	157
1
Cash and cash equivalents	17	5 306	4 954
1
Total current assets		5 437	5 112
1
TOTAL ASSETS		5 840	5 685
1
1
EQUITY AND LIABILITIES
1
Equity
Paid-in equity
Share capital	12	0,2	0,2
Total paid-in equity		0,2	0,2
1
Retained earnings
Non-distributable equity fund	13	150	150
Investment fund	13	9	9
Other equity	13	337	205
Total retained earnings		496	364
1
Total equity		496	364
1
Liabilities
Provisions for liabilities
16 Pension liabilities	16	167	151
Total provisions for liabilities		167	151
1
Total non-current liabilities		167	151
1
Current liabilities
Accounts payable to suppliers	7	89	98
Undistributed prizes		169	159
Prepaid stakes		173	175
Tax owed		33	32
Other current liabilities	14	531	504
Residual surplus funds payable	15	4 182	4 203
Total current liabilities		5 177	5 171
1
Total liabilities		5 344	5 321
1
TOTAL EQUITY AND LIABILITIES		5 840	5 685

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 millions	Note	2019	2018
1
Cash flow from operating activities
Result before tax		5 676	5 523
Tax paid in the period		0	0
Loss/gain from sale of non-current assets	5	0	-2
Ordinary depreciation	5	189	183
Write-downs of non-current assets	5	0	0
Changes in sales agent receivables	10	70	11
Changes in accounts payable to suppliers		-9	-27
Difference between expensed pensions and receipts/payments in pension schemes	16	16	9
Changes in other accruals	11	-1	-44
Net cash flow from operating activities		5 941	5 654
1
Cash flow from investing activities
Receipts from sales of fixed assets		0	2
Payments for purchases of fixed assets	5	-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 equivalents		350	-502
1
Cash and cash equivalents at the start of the period		4 954	5 456
1
Cash and cash equivalents at the end of the period		5 306	4 954