Annual accounts - Norsk Tipping års- og bærekraftrapport 2022

Amounts in NOK millions	Note	2022	2021
Operating revenue and operating expenses
Gaming revenue	1	46 702	43 741
Other operating revenue		5	3
Total operating revenue		46 707	43 745

Prizes		37 713	35 073
Sales commissions		458	475
Payroll expenses	2	508	453
Depreciation of fixed assets and intangible assets	3	112	105
Other operating expenses	2, 4	1 393	1 349
Total operating expenses		40 185	37 453

Operating result		6 523	6 291

Financial income and expenses
Other financial income	5	63	17
Other financial expenses	5	3	22
Result of financial items		59	-5

Result before tax		6 582	6 286
Result		6 582	6 286

Annual result	12	6 582	6 286

Transfers
The Tippenøkkelen fixed distribution formula		5 734	5 497
The Grassroots Share		770	737
The Bingo Operators’ surplus funds for good causes		45	36
Measures against gambling addiction		33	17
Total transfers		6 582	6 286

Amounts in NOK millions	Note	2022	2021
Assets

Non-current assets
Intangible assets
Intangible assets	3	10	33
Total intangible assets		10	33

Fixed assets
Art	3	1	1
Land, buildings, and other real property	3	149	135
Machinery and equipment	3	211	228
Total fixed assets		361	364

Non-current financial assets
Investments in subsidiaries	6	1	1
Investments in associated companies	6	34	34
Other non-current receivables	7	42	39
Total non-current financial assets		77	73

Total non-current assets		448	470

Current assets

Receivables
Sales agent receivables	8	45	57
Other current receivables	10, 14	122	98
Total receivables		167	155

Investments

Cash and cash equivalents, etc.	10	6 395	6 107

Total current assets		6 562	6 262

Total assets		7 010	6 731

Amounts in NOK millions	Note	2022	2021
Equity and liabilities

Equity
Paid-in equity
Share capital	11	0	0

Retained earnings
Non-distributable equity fund	12	150	150
Investment fund	12	9	9
Other equity	12	326	326
Total retained earnings		485	485

Total equity		485	485

Liabilities
Provisions for liabilities
Pension liabilities	13	226	197
Total provisions for liabilities		226	197

Other non-current liabilities

Current liabilities
Accounts payable to suppliers	14	149	119
Tax owed		35	30
Residual surplus funds payable	16	5 070	4 833
Undistributed prizes		203	194
Prepaid stakes		142	149
Other current liabilities	15	701	726
Total current liabilities		6 299	6 050

Total liabilities		6 525	6 247

Total equity and liabilities		7 010	6731

The Board, Norsk Tipping AS

Hamar, 9.3.2023

Linda Bernander Silseth

Board Chair

Per Olav Monseth
Deputy Chair

Dag Westby

Aysegül Cin

Petter Torgerhagen

Per Øivind Skard

Linda Reinhardsen Frisvold

Linda Vøllestad Westbye

Pål Enger

Thomas Breen

Thor Gjermund Eriksen

CEO

Amounts in NOK millions	Note	2022	2021
Cash flow from operating activities
Result before tax		6 582	6 286
Ordinary depreciation	3	112	105
Changes in sales agent receivables	8	12	14
Changes in accounts payable to suppliers		30	-10
Diff. recognised pension and pension plan payments/receipts	15	30	18
Changes in other accruals	10	-46	-184
Net cash flow from operating activities		6 721	6 228

Cash flow from investing activities
Payments for purchases of fixed assets	3	86	83
Net cash flow from investing activities		-86	-83

Cash flows from financing activities
Transfer of surplus funds to good causes		6 345	6 246
Net cash flow from financing activities		-6 345	-6 246

Net change in cash and cash equivalents		290	-101
Cash and cash equivalents at start of period		6 107	6 208
Cash and cash equivalents at end of period		6 396	6 108