DRIFTSYSTEMER AS

4262 AVALDSNES

Finances

Return on Equity

4,14 %

Current Ratio

0,9

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 251 000	1 225 000	1 223 000	1 263 000
Net Income	23 000	36 000	14 000	42 000
Total Assets	981 000	975 000	690 000	627 000
Total Equity	556 000	533 000	497 000	483 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 251 000	1 225 000	1 223 000	1 263 000
Expenditure	1 161 000	1 150 000	1 205 000	1 206 000
Operating Profit	91 000	74 000	19 000	57 000
Financial Income	0	0	0	0
Financial Costs	31 000	17 000	1 000	2 000
Financial Balance	−31 000	−17 000	−1 000	−2 000
Earnings Before Tax	59 000	57 000	18 000	55 000
Tax	36 000	21 000	4 000	13 000
Net Income	23 000	36 000	14 000	42 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	701 000	769 000	558 000	563 000
Total Current Assets	280 000	206 000	132 000	64 000
Total Assets	981 000	975 000	690 000	627 000
Total Retained Equity	462 000	439 000	402 000	388 000
Total Equity	556 000	533 000	497 000	483 000
Total Long-Term Debt	115 000	132 000	7 000	17 000
Total Current Debt	310 000	310 000	186 000	127 000
Total Equity and Debt	981 000	975 000	690 000	627 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 251 000	1 225 000	1 223 000	1 263 000
Other Income	0	0	0	0
Revenue	1 251 000	1 225 000	1 223 000	1 263 000
Cost of Goods Sold	0	0	0	0
Salary Costs	394 000	384 000	374 000	125 000
Depreciation	318 000	275 000	175 000	141 000
Impairment	0	0	0	0
Expenditure	1 161 000	1 150 000	1 205 000	1 206 000
Operating Profit	91 000	74 000	19 000	57 000
Financial Income	0	0	0	0
Financial Costs	31 000	17 000	1 000	2 000
Financial Balance	−31 000	−17 000	−1 000	−2 000
Dividends	0	0	0	0
Net Income	23 000	36 000	14 000	42 000

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	619 000	663 000	558 000	563 000
Fixtures	74 000	97 000	0	0
Total Tangible Assets	693 000	761 000	558 000	563 000
Total Fiancial Fixed Assets	8 000	8 000	0	0
Total Fixed Assets	701 000	769 000	558 000	563 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 000	81 000	128 000	58 000
Total Current Assets	280 000	206 000	132 000	64 000
Total Assets	981 000	975 000	690 000	627 000
Total Equity	556 000	533 000	497 000	483 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	115 000	132 000	7 000	17 000
Creditors	85 000	65 000	103 000	80 000
Unpaid Taxes	27 000	52 000	35 000	20 000
Dividends	0	0	0	0
Other Current Debt	36 000	40 000	35 000	11 000
Total Current Debt	310 000	310 000	186 000	127 000
Total Equity and Debt	981 000	975 000	690 000	627 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,14 %	6,75 %	2,82 %	8,7 %
Debt-to-Equity Ratio	0,21	0,25	0,01	0,04
Operating Profit Margin	7,27 %	6,04 %	1,55 %	4,51 %
Current Ratio	0,9	0,66	0,71	0,5
Quick Ratio	0,9	0,66	0,71	0,5
Equity Ratio	0,57	0,55	0,72	0,77
Gross Profit Margin	100 %	100 %	100 %	100 %