DRIVE-IT AS

5527 HAUGESUND

Finances

Share Ownership

Return on Equity

−68,8 %

Current Ratio

0,89

Debt-to-Equity Ratio

−4,8

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 961 000	2 074 000	1 377 000	295 000
Net Income	86 000	246 000	−121 000	−453 000
Total Assets	1 122 000	1 200 000	560 000	325 000
Total Equity	−125 000	−212 000	−457 000	−336 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 961 000	2 074 000	1 377 000	295 000
Expenditure	1 832 000	1 736 000	1 500 000	833 000
Operating Profit	129 000	337 000	−122 000	−538 000
Financial Income	0	0	0	0
Financial Costs	18 000	21 000	41 000	22 000
Financial Balance	−18 000	−21 000	−41 000	−22 000
Earnings Before Tax	111 000	316 000	−163 000	−559 000
Tax	24 000	70 000	−42 000	−106 000
Net Income	86 000	246 000	−121 000	−453 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	545 000	671 000	306 000	304 000
Total Current Assets	577 000	529 000	254 000	21 000
Total Assets	1 122 000	1 200 000	560 000	325 000
Total Retained Equity	−155 000	−242 000	−487 000	−366 000
Total Equity	−125 000	−212 000	−457 000	−336 000
Total Long-Term Debt	600 000	750 000	417 000	235 000
Total Current Debt	648 000	662 000	601 000	426 000
Total Equity and Debt	1 122 000	1 200 000	560 000	325 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 961 000	2 074 000	1 377 000	295 000
Other Income	0	0	0	0
Revenue	1 961 000	2 074 000	1 377 000	295 000
Cost of Goods Sold	495 000	463 000	384 000	24 000
Salary Costs	802 000	750 000	506 000	455 000
Depreciation	125 000	65 000	40 000	50 000
Impairment	0	0	0	0
Expenditure	1 832 000	1 736 000	1 500 000	833 000
Operating Profit	129 000	337 000	−122 000	−538 000
Financial Income	0	0	0	0
Financial Costs	18 000	21 000	41 000	22 000
Financial Balance	−18 000	−21 000	−41 000	−22 000
Dividends	0	0	0	0
Net Income	86 000	246 000	−121 000	−453 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	52 000	76 000	147 000	105 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	477 000	594 000	0	0
Fixtures	16 000	0	159 000	199 000
Total Tangible Assets	493 000	594 000	159 000	199 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	545 000	671 000	306 000	304 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	281 000	256 000	146 000	7 000
Total Current Assets	577 000	529 000	254 000	21 000
Total Assets	1 122 000	1 200 000	560 000	325 000
Total Equity	−125 000	−212 000	−457 000	−336 000
Short-Term Group Debt	75 000	100 000	0	0
Total Long-Term Debt	600 000	750 000	417 000	235 000
Creditors	45 000	28 000	33 000	93 000
Unpaid Taxes	43 000	51 000	57 000	13 000
Dividends	0	0	0	0
Other Current Debt	484 000	483 000	511 000	321 000
Total Current Debt	648 000	662 000	601 000	426 000
Total Equity and Debt	1 122 000	1 200 000	560 000	325 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−68,8 %	−116,04 %	26,48 %	134,82 %
Debt-to-Equity Ratio	−4,8	−3,54	−0,91	−0,7
Operating Profit Margin	6,58 %	16,25 %	−8,86 %	−182,37 %
Current Ratio	0,89	0,8	0,42	0,05
Quick Ratio	0,89	0,8	0,42	0,05
Equity Ratio	−0,11	−0,18	−0,82	−1,03
Gross Profit Margin	74,76 %	77,68 %	72,11 %	91,86 %