MIDTTUN DRIFT AS

5226 NESTTUN

Finances

Share Ownership

Return on Equity

40,17 %

Current Ratio

0,3

Debt-to-Equity Ratio

−0,75

Key figures (NOK)	2021	2020	2019	2018
Revenue	480 000	860 000	878 000	161 000
Net Income	−787 000	−758 000	−298 000	−184 000
Total Assets	208 000	226 000	229 000	140 000
Total Equity	−1 959 000	−1 172 000	−415 000	−117 000

Income (NOK)	2021	2020	2019	2018
Revenue	480 000	860 000	878 000	161 000
Expenditure	1 255 000	1 604 000	1 161 000	340 000
Operating Profit	−775 000	−744 000	−283 000	−180 000
Financial Income	0	0	0	0
Financial Costs	12 000	14 000	15 000	4 000
Financial Balance	−12 000	−14 000	−15 000	−4 000
Earnings Before Tax	−787 000	−758 000	−298 000	−184 000
Tax	0	0	0	0
Net Income	−787 000	−758 000	−298 000	−184 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	0	0	0
Total Current Assets	208 000	226 000	229 000	140 000
Total Assets	208 000	226 000	229 000	140 000
Total Retained Equity	−2 059 000	−1 272 000	−515 000	−217 000
Total Equity	−1 959 000	−1 172 000	−415 000	−117 000
Total Long-Term Debt	1 472 000	831 000	274 000	120 000
Total Current Debt	696 000	567 000	370 000	137 000
Total Equity and Debt	208 000	226 000	229 000	140 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	480 000	758 000	711 000	161 000
Other Income	0	103 000	167 000	0
Revenue	480 000	860 000	878 000	161 000
Cost of Goods Sold	4 000	130 000	50 000	16 000
Salary Costs	796 000	945 000	528 000	0
Depreciation	0	0	15 000	26 000
Impairment	0	0	0	0
Expenditure	1 255 000	1 604 000	1 161 000	340 000
Operating Profit	−775 000	−744 000	−283 000	−180 000
Financial Income	0	0	0	0
Financial Costs	12 000	14 000	15 000	4 000
Financial Balance	−12 000	−14 000	−15 000	−4 000
Dividends	0	0	0	0
Net Income	−787 000	−758 000	−298 000	−184 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	19 000	117 000	56 000	105 000
Total Current Assets	208 000	226 000	229 000	140 000
Total Assets	208 000	226 000	229 000	140 000
Total Equity	−1 959 000	−1 172 000	−415 000	−117 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 472 000	831 000	274 000	120 000
Creditors	11 000	127 000	22 000	21 000
Unpaid Taxes	320 000	145 000	53 000	0
Dividends	0	0	0	0
Other Current Debt	364 000	294 000	294 000	116 000
Total Current Debt	696 000	567 000	370 000	137 000
Total Equity and Debt	208 000	226 000	229 000	140 000

Financial indicators	2021	2020	2019	2018
Return on Equity	40,17 %	64,68 %	71,81 %	157,26 %
Debt-to-Equity Ratio	−0,75	−0,71	−0,66	−1,03
Operating Profit Margin	−161,46 %	−86,51 %	−32,23 %	−111,8 %
Current Ratio	0,3	0,4	0,62	1,02
Quick Ratio	0,3	0,4	0,62	1,02
Equity Ratio	−9,42	−5,19	−1,81	−0,84
Gross Profit Margin	99,17 %	84,88 %	94,31 %	90,06 %