NETELAND DRIFT AS

5600 NORHEIMSUND

Finances

Share Ownership

Return on Equity

30,91 %

Current Ratio

1,19

Debt-to-Equity Ratio

0,24

Key figures (NOK)	2022	2021	2020	2019
Revenue	892 000	1 289 000	827 000	874 000
Net Income	68 000	499 000	−42 000	34 000
Total Assets	759 000	557 000	495 000	1 054 000
Total Equity	220 000	152 000	317 000	359 000

Income (NOK)	2022	2021	2020	2019
Revenue	892 000	1 289 000	827 000	874 000
Expenditure	813 000	650 000	882 000	831 000
Operating Profit	80 000	640 000	−55 000	44 000
Financial Income	3 000	0	1 000	0
Financial Costs	0	0	0	0
Financial Balance	3 000	0	1 000	0
Earnings Before Tax	83 000	640 000	−54 000	44 000
Tax	15 000	141 000	−12 000	10 000
Net Income	68 000	499 000	−42 000	34 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	179 000	305 000	159 000	185 000
Total Current Assets	580 000	252 000	336 000	868 000
Total Assets	759 000	557 000	495 000	1 054 000
Total Retained Equity	170 000	102 000	267 000	309 000
Total Equity	220 000	152 000	317 000	359 000
Total Long-Term Debt	53 000	70 000	147 000	650 000
Total Current Debt	486 000	335 000	31 000	45 000
Total Equity and Debt	759 000	557 000	495 000	1 054 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	872 000	891 000	827 000	871 000
Other Income	20 000	398 000	0	3 000
Revenue	892 000	1 289 000	827 000	874 000
Cost of Goods Sold	322 000	142 000	145 000	54 000
Salary Costs	15 000	7 000	40 000	24 000
Depreciation	58 000	31 000	57 000	54 000
Impairment	0	0	0	0
Expenditure	813 000	650 000	882 000	831 000
Operating Profit	80 000	640 000	−55 000	44 000
Financial Income	3 000	0	1 000	0
Financial Costs	0	0	0	0
Financial Balance	3 000	0	1 000	0
Dividends	0	0	0	0
Net Income	68 000	499 000	−42 000	34 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	18 000	6 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	179 000	305 000	141 000	164 000
Total Tangible Assets	179 000	305 000	141 000	164 000
Total Fiancial Fixed Assets	0	0	0	15 000
Total Fixed Assets	179 000	305 000	159 000	185 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	270 000	136 000	268 000	286 000
Total Current Assets	580 000	252 000	336 000	868 000
Total Assets	759 000	557 000	495 000	1 054 000
Total Equity	220 000	152 000	317 000	359 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	53 000	70 000	147 000	650 000
Creditors	129 000	15 000	39 000	16 000
Unpaid Taxes	32 000	−9 000	−22 000	9 000
Dividends	0	0	0	0
Other Current Debt	293 000	275 000	13 000	12 000
Total Current Debt	486 000	335 000	31 000	45 000
Total Equity and Debt	759 000	557 000	495 000	1 054 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,91 %	328,29 %	−13,25 %	9,47 %
Debt-to-Equity Ratio	0,24	0,46	0,46	1,81
Operating Profit Margin	8,97 %	49,65 %	−6,65 %	5,03 %
Current Ratio	1,19	0,75	10,84	19,29
Quick Ratio	1,19	0,75	10,84	19,29
Equity Ratio	0,29	0,27	0,64	0,34
Gross Profit Margin	63,9 %	88,98 %	82,47 %	93,82 %