FRONTLINE DRIFT AS

1727 SARPSBORG

Finances

Return on Equity

87,28 %

Current Ratio

4,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	43 326 000	51 819 000	63 094 000	40 312 000
Net Income	15 470 000	10 224 000	9 405 000	698 000
Total Assets	23 044 000	24 711 000	25 740 000	23 006 000
Total Equity	17 725 000	17 255 000	19 032 000	16 923 000

Income (NOK)	2022	2021	2020	2019
Revenue	43 326 000	51 819 000	63 094 000	40 312 000
Expenditure	24 776 000	41 724 000	52 274 000	39 144 000
Operating Profit	18 549 000	10 094 000	10 820 000	1 169 000
Financial Income	1 090 000	5 519 000	1 022 000	29 000
Financial Costs	9 000	3 051 000	57 000	299 000
Financial Balance	1 081 000	2 468 000	965 000	−270 000
Earnings Before Tax	19 630 000	12 562 000	11 784 000	899 000
Tax	4 160 000	2 338 000	2 379 000	201 000
Net Income	15 470 000	10 224 000	9 405 000	698 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 420 000	1 420 000	4 420 000	4 420 000
Total Current Assets	21 624 000	23 291 000	21 320 000	18 586 000
Total Assets	23 044 000	24 711 000	25 740 000	23 006 000
Total Retained Equity	16 392 000	15 922 000	17 699 000	15 590 000
Total Equity	17 725 000	17 255 000	19 032 000	16 923 000
Total Long-Term Debt	0	0	2 293 000	4 210 000
Total Current Debt	5 319 000	7 456 000	4 416 000	1 873 000
Total Equity and Debt	23 044 000	24 711 000	25 740 000	23 006 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	43 326 000	51 819 000	63 094 000	40 312 000
Other Income	0	0	0	0
Revenue	43 326 000	51 819 000	63 094 000	40 312 000
Cost of Goods Sold	23 227 000	39 949 000	49 958 000	37 196 000
Salary Costs	801 000	868 000	951 000	965 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	24 776 000	41 724 000	52 274 000	39 144 000
Operating Profit	18 549 000	10 094 000	10 820 000	1 169 000
Financial Income	1 090 000	5 519 000	1 022 000	29 000
Financial Costs	9 000	3 051 000	57 000	299 000
Financial Balance	1 081 000	2 468 000	965 000	−270 000
Dividends	15 000 000	12 000 000	7 296 000	706 000
Net Income	15 470 000	10 224 000	9 405 000	698 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	1 420 000	1 420 000	4 420 000	4 420 000
Total Fixed Assets	1 420 000	1 420 000	4 420 000	4 420 000
Stock	6 433 000	13 460 000	11 502 000	18 068 000
Total Investments	0	0	0	0
Cash, Bank	14 986 000	9 201 000	9 218 000	484 000
Total Current Assets	21 624 000	23 291 000	21 320 000	18 586 000
Total Assets	23 044 000	24 711 000	25 740 000	23 006 000
Total Equity	17 725 000	17 255 000	19 032 000	16 923 000
Short-Term Group Debt	0	0	0	591 000
Total Long-Term Debt	0	0	2 293 000	4 210 000
Creditors	439 000	598 000	2 734 000	512 000
Unpaid Taxes	32 000	13 000	13 000	62 000
Dividends	15 000 000	12 000 000	7 296 000	706 000
Other Current Debt	688 000	2 214 000	533 000	507 000
Total Current Debt	5 319 000	7 456 000	4 416 000	1 873 000
Total Equity and Debt	23 044 000	24 711 000	25 740 000	23 006 000

Financial indicators	2022	2021	2020	2019
Return on Equity	87,28 %	59,25 %	49,42 %	4,12 %
Debt-to-Equity Ratio	0	0	0,12	0,25
Operating Profit Margin	42,81 %	19,48 %	17,15 %	2,9 %
Current Ratio	4,07	3,12	4,83	9,92
Quick Ratio	−19,41	−3,88	−3,01	−1,15
Equity Ratio	0,77	0,7	0,74	0,74
Gross Profit Margin	46,39 %	22,91 %	20,82 %	7,73 %