FLEX DRIFT AS

2636 ØYER

Finances

Share Ownership

Return on Equity

−112,07 %

Current Ratio

1,04

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	876 000	589 000	96 000	252 000
Net Income	−65 000	−157 000	−83 000	−51 000
Total Assets	248 000	264 000	398 000	481 000
Total Equity	58 000	123 000	280 000	363 000

Income (NOK)	2022	2021	2020	2019
Revenue	876 000	589 000	96 000	252 000
Expenditure	883 000	790 000	202 000	318 000
Operating Profit	−7 000	−201 000	−106 000	−65 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−8 000	−201 000	−106 000	−65 000
Tax	57 000	−44 000	−23 000	−14 000
Net Income	−65 000	−157 000	−83 000	−51 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	52 000	123 000	53 000	54 000
Total Current Assets	197 000	141 000	345 000	427 000
Total Assets	248 000	264 000	398 000	481 000
Total Retained Equity	−260 000	−195 000	−38 000	45 000
Total Equity	58 000	123 000	280 000	363 000
Total Long-Term Debt	0	0	60 000	10 000
Total Current Debt	190 000	141 000	58 000	108 000
Total Equity and Debt	248 000	264 000	398 000	481 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	876 000	589 000	96 000	252 000
Other Income	0	0	0	0
Revenue	876 000	589 000	96 000	252 000
Cost of Goods Sold	81 000	7 000	9 000	42 000
Salary Costs	481 000	421 000	149 000	207 000
Depreciation	14 000	14 000	14 000	19 000
Impairment	0	0	0	0
Expenditure	883 000	790 000	202 000	318 000
Operating Profit	−7 000	−201 000	−106 000	−65 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−65 000	−157 000	−83 000	−51 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	57 000	13 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	12 000	26 000	40 000	54 000
Fixtures	0	0	0	0
Total Tangible Assets	12 000	26 000	40 000	54 000
Total Fiancial Fixed Assets	40 000	40 000	0	0
Total Fixed Assets	52 000	123 000	53 000	54 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	101 000	70 000	43 000	106 000
Total Current Assets	197 000	141 000	345 000	427 000
Total Assets	248 000	264 000	398 000	481 000
Total Equity	58 000	123 000	280 000	363 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	60 000	10 000
Creditors	3 000	0	5 000	11 000
Unpaid Taxes	135 000	82 000	27 000	54 000
Dividends	0	0	0	0
Other Current Debt	51 000	59 000	26 000	43 000
Total Current Debt	190 000	141 000	58 000	108 000
Total Equity and Debt	248 000	264 000	398 000	481 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−112,07 %	−127,64 %	−29,64 %	−14,05 %
Debt-to-Equity Ratio	0	0	0,21	0,03
Operating Profit Margin	−0,8 %	−34,13 %	−110,42 %	−25,79 %
Current Ratio	1,04	1	5,95	3,95
Quick Ratio	1,04	1	5,95	3,95
Equity Ratio	0,23	0,47	0,7	0,75
Gross Profit Margin	90,75 %	98,81 %	90,63 %	83,33 %