LH DRIFT HOLDING AS

4580 LYNGDAL

Finances

Share Ownership

Return on Equity

11,19 %

Current Ratio

1,08

Debt-to-Equity Ratio

3,32

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 029 000	1 998 000	976 000	971 000
Net Income	16 000	10 000	0	55 000
Total Assets	1 590 000	582 000	351 000	349 000
Total Equity	143 000	127 000	117 000	117 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 029 000	1 998 000	976 000	971 000
Expenditure	5 211 000	2 063 000	976 000	898 000
Operating Profit	37 000	14 000	0	73 000
Financial Income	0	0	0	0
Financial Costs	16 000	1 000	0	2 000
Financial Balance	−16 000	−1 000	0	−2 000
Earnings Before Tax	21 000	12 000	0	71 000
Tax	5 000	3 000	0	16 000
Net Income	16 000	10 000	0	55 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	543 000	89 000	114 000	0
Total Current Assets	1 047 000	493 000	237 000	349 000
Total Assets	1 590 000	582 000	351 000	349 000
Total Retained Equity	113 000	97 000	87 000	87 000
Total Equity	143 000	127 000	117 000	117 000
Total Long-Term Debt	475 000	8 000	5 000	0
Total Current Debt	973 000	447 000	229 000	232 000
Total Equity and Debt	1 590 000	582 000	351 000	349 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 029 000	1 791 000	927 000	971 000
Other Income	0	207 000	49 000	0
Revenue	5 029 000	1 998 000	976 000	971 000
Cost of Goods Sold	1 831 000	629 000	273 000	17 000
Salary Costs	1 364 000	512 000	217 000	453 000
Depreciation	92 000	25 000	13 000	0
Impairment	0	0	0	0
Expenditure	5 211 000	2 063 000	976 000	898 000
Operating Profit	37 000	14 000	0	73 000
Financial Income	0	0	0	0
Financial Costs	16 000	1 000	0	2 000
Financial Balance	−16 000	−1 000	0	−2 000
Dividends	0	0	0	0
Net Income	16 000	10 000	0	55 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	35 000	49 000	63 000	0
Machinery and Plant Facilities	508 000	40 000	51 000	0
Fixtures	0	0	0	0
Total Tangible Assets	543 000	89 000	114 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	543 000	89 000	114 000	0
Stock	72 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	128 000	44 000	73 000	212 000
Total Current Assets	1 047 000	493 000	237 000	349 000
Total Assets	1 590 000	582 000	351 000	349 000
Total Equity	143 000	127 000	117 000	117 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	475 000	8 000	5 000	0
Creditors	215 000	185 000	14 000	18 000
Unpaid Taxes	261 000	39 000	13 000	49 000
Dividends	0	0	0	0
Other Current Debt	242 000	223 000	202 000	150 000
Total Current Debt	973 000	447 000	229 000	232 000
Total Equity and Debt	1 590 000	582 000	351 000	349 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,19 %	7,87 %	0 %	47,01 %
Debt-to-Equity Ratio	3,32	0,06	0,04	0
Operating Profit Margin	0,74 %	0,7 %	0 %	7,52 %
Current Ratio	1,08	1,1	1,03	1,5
Quick Ratio	1,16	1,1	1,03	1,5
Equity Ratio	0,09	0,22	0,33	0,34
Gross Profit Margin	63,59 %	68,52 %	72,03 %	98,25 %