SCANDINAVIAN DRONE AS

5179 GODVIK

Finances

Share Ownership

Return on Equity

176,6 %

Current Ratio

1,39

Debt-to-Equity Ratio

13,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 981 000	8 302 000	6 793 000	6 505 000
Net Income	166 000	−197 000	422 000	245 000
Total Assets	3 995 000	3 197 000	2 175 000	2 405 000
Total Equity	94 000	−72 000	125 000	290 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 981 000	8 302 000	6 793 000	6 505 000
Expenditure	8 573 000	8 506 000	6 272 000	5 687 000
Operating Profit	409 000	−204 000	520 000	490 000
Financial Income	31 000	112 000	9 000	1 000
Financial Costs	226 000	155 000	83 000	112 000
Financial Balance	−195 000	−43 000	−74 000	−111 000
Earnings Before Tax	214 000	−247 000	446 000	378 000
Tax	48 000	−50 000	24 000	133 000
Net Income	166 000	−197 000	422 000	245 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	301 000	384 000	304 000	116 000
Total Current Assets	3 693 000	2 813 000	1 870 000	2 290 000
Total Assets	3 995 000	3 197 000	2 175 000	2 405 000
Total Retained Equity	−6 000	−172 000	25 000	190 000
Total Equity	94 000	−72 000	125 000	290 000
Total Long-Term Debt	1 241 000	650 000	750 000	350 000
Total Current Debt	2 660 000	2 619 000	1 300 000	1 766 000
Total Equity and Debt	3 995 000	3 197 000	2 175 000	2 405 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 921 000	8 295 000	6 789 000	6 505 000
Other Income	61 000	8 000	4 000	0
Revenue	8 981 000	8 302 000	6 793 000	6 505 000
Cost of Goods Sold	7 140 000	6 249 000	5 230 000	4 458 000
Salary Costs	796 000	653 000	431 000	396 000
Depreciation	17 000	4 000	12 000	25 000
Impairment	0	0	0	0
Expenditure	8 573 000	8 506 000	6 272 000	5 687 000
Operating Profit	409 000	−204 000	520 000	490 000
Financial Income	31 000	112 000	9 000	1 000
Financial Costs	226 000	155 000	83 000	112 000
Financial Balance	−195 000	−43 000	−74 000	−111 000
Dividends	0	0	0	0
Net Income	166 000	−197 000	422 000	245 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	65 000	114 000	63 000	88 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	50 000	0	28 000
Total Tangible Assets	0	50 000	0	28 000
Total Fiancial Fixed Assets	236 000	221 000	241 000	0
Total Fixed Assets	301 000	384 000	304 000	116 000
Stock	2 826 000	1 482 000	551 000	739 000
Total Investments	0	0	0	0
Cash, Bank	26 000	24 000	641 000	19 000
Total Current Assets	3 693 000	2 813 000	1 870 000	2 290 000
Total Assets	3 995 000	3 197 000	2 175 000	2 405 000
Total Equity	94 000	−72 000	125 000	290 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 241 000	650 000	750 000	350 000
Creditors	1 237 000	475 000	792 000	608 000
Unpaid Taxes	507 000	228 000	424 000	85 000
Dividends	0	0	0	0
Other Current Debt	227 000	718 000	84 000	577 000
Total Current Debt	2 660 000	2 619 000	1 300 000	1 766 000
Total Equity and Debt	3 995 000	3 197 000	2 175 000	2 405 000

Financial indicators	2022	2021	2020	2019
Return on Equity	176,6 %	273,61 %	337,6 %	84,48 %
Debt-to-Equity Ratio	13,2	−9,03	6	1,21
Operating Profit Margin	4,55 %	−2,46 %	7,65 %	7,53 %
Current Ratio	1,39	1,07	1,44	1,3
Quick Ratio	−22,25	2,47	2,5	2,23
Equity Ratio	0,02	−0,02	0,06	0,12
Gross Profit Margin	20,5 %	24,73 %	23,01 %	31,47 %