DRIVE DEVELOPMENT AS

3124 TØNSBERG

Finances

Share Ownership

Return on Equity

306,78 %

Current Ratio

1,15

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 486 000	0	49 000	167 000
Net Income	1 040 000	−63 000	−12 000	87 000
Total Assets	2 159 000	496 000	564 000	624 000
Total Equity	339 000	298 000	361 000	374 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 486 000	0	49 000	167 000
Expenditure	148 000	91 000	54 000	50 000
Operating Profit	1 337 000	−91 000	−5 000	117 000
Financial Income	2 000	28 000	1 000	2 000
Financial Costs	22 000	0	3 000	0
Financial Balance	−20 000	28 000	−2 000	2 000
Earnings Before Tax	1 317 000	−63 000	−8 000	119 000
Tax	277 000	0	4 000	31 000
Net Income	1 040 000	−63 000	−12 000	87 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	64 000	62 000	71 000	80 000
Total Current Assets	2 095 000	434 000	492 000	544 000
Total Assets	2 159 000	496 000	564 000	624 000
Total Retained Equity	309 000	268 000	331 000	344 000
Total Equity	339 000	298 000	361 000	374 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 821 000	198 000	202 000	250 000
Total Equity and Debt	2 159 000	496 000	564 000	624 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 486 000	0	49 000	167 000
Other Income	0	0	0	0
Revenue	1 486 000	0	49 000	167 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	13 000	9 000	9 000	12 000
Impairment	0	0	0	0
Expenditure	148 000	91 000	54 000	50 000
Operating Profit	1 337 000	−91 000	−5 000	117 000
Financial Income	2 000	28 000	1 000	2 000
Financial Costs	22 000	0	3 000	0
Financial Balance	−20 000	28 000	−2 000	2 000
Dividends	1 000 000	0	0	350 000
Net Income	1 040 000	−63 000	−12 000	87 000

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	64 000	62 000	71 000	80 000
Total Tangible Assets	64 000	62 000	71 000	80 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	64 000	62 000	71 000	80 000
Stock	0	0	0	0
Total Investments	204 000	225 000	197 000	0
Cash, Bank	1 760 000	178 000	265 000	518 000
Total Current Assets	2 095 000	434 000	492 000	544 000
Total Assets	2 159 000	496 000	564 000	624 000
Total Equity	339 000	298 000	361 000	374 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	374 000	24 000	24 000	49 000
Dividends	1 000 000	0	0	350 000
Other Current Debt	170 000	174 000	174 000	170 000
Total Current Debt	1 821 000	198 000	202 000	250 000
Total Equity and Debt	2 159 000	496 000	564 000	624 000

Financial indicators	2022	2021	2020	2019
Return on Equity	306,78 %	−21,14 %	−3,32 %	23,26 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	89,97 %	-	−10,2 %	70,06 %
Current Ratio	1,15	2,19	2,44	2,18
Quick Ratio	1,15	2,19	2,44	2,18
Equity Ratio	0,16	0,6	0,64	0,6
Gross Profit Margin	100 %	-	100 %	100 %