VE DRIFT AS

7374 RØROS

Finances

Share Ownership

Return on Equity

161,9 %

Current Ratio

1,16

Debt-to-Equity Ratio

7,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 679 000	9 332 000	7 472 000	550 000
Net Income	170 000	−65 000	24 000	−70 000
Total Assets	2 281 000	2 357 000	2 254 000	3 202 000
Total Equity	105 000	−65 000	0	−24 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 679 000	9 332 000	7 472 000	550 000
Expenditure	10 409 000	9 396 000	7 431 000	632 000
Operating Profit	270 000	−64 000	41 000	−83 000
Financial Income	0	1 000	1 000	0
Financial Costs	49 000	20 000	10 000	7 000
Financial Balance	−49 000	−19 000	−9 000	−7 000
Earnings Before Tax	221 000	−83 000	31 000	−90 000
Tax	51 000	−17 000	7 000	−20 000
Net Income	170 000	−65 000	24 000	−70 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	665 000	794 000	874 000	979 000
Total Current Assets	1 616 000	1 563 000	1 379 000	2 223 000
Total Assets	2 281 000	2 357 000	2 254 000	3 202 000
Total Retained Equity	55 000	−110 000	−44 000	−69 000
Total Equity	105 000	−65 000	0	−24 000
Total Long-Term Debt	781 000	870 000	929 000	1 393 000
Total Current Debt	1 396 000	1 552 000	1 325 000	1 833 000
Total Equity and Debt	2 281 000	2 357 000	2 254 000	3 202 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 679 000	9 332 000	7 472 000	550 000
Other Income	0	0	0	0
Revenue	10 679 000	9 332 000	7 472 000	550 000
Cost of Goods Sold	7 523 000	6 562 000	5 157 000	384 000
Salary Costs	2 055 000	2 031 000	1 629 000	55 000
Depreciation	98 000	98 000	98 000	16 000
Impairment	0	0	0	0
Expenditure	10 409 000	9 396 000	7 431 000	632 000
Operating Profit	270 000	−64 000	41 000	−83 000
Financial Income	0	1 000	1 000	0
Financial Costs	49 000	20 000	10 000	7 000
Financial Balance	−49 000	−19 000	−9 000	−7 000
Dividends	0	0	0	0
Net Income	170 000	−65 000	24 000	−70 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	31 000	14 000	21 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	665 000	763 000	860 000	958 000
Total Tangible Assets	665 000	763 000	860 000	958 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	665 000	794 000	874 000	979 000
Stock	1 051 000	1 025 000	971 000	776 000
Total Investments	0	0	0	0
Cash, Bank	335 000	324 000	216 000	1 077 000
Total Current Assets	1 616 000	1 563 000	1 379 000	2 223 000
Total Assets	2 281 000	2 357 000	2 254 000	3 202 000
Total Equity	105 000	−65 000	0	−24 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	781 000	870 000	929 000	1 393 000
Creditors	986 000	1 192 000	957 000	1 822 000
Unpaid Taxes	248 000	176 000	183 000	3 000
Dividends	0	0	0	0
Other Current Debt	159 000	184 000	185 000	8 000
Total Current Debt	1 396 000	1 552 000	1 325 000	1 833 000
Total Equity and Debt	2 281 000	2 357 000	2 254 000	3 202 000

Financial indicators	2022	2021	2020	2019
Return on Equity	161,9 %	100 %	-	291,67 %
Debt-to-Equity Ratio	7,44	−13,38	-	−58,04
Operating Profit Margin	2,53 %	−0,69 %	0,55 %	−15,09 %
Current Ratio	1,16	1,01	1,04	1,21
Quick Ratio	4,68	2,97	3,9	2,1
Equity Ratio	0,05	−0,03	0	−0,01
Gross Profit Margin	29,55 %	29,68 %	30,98 %	30,18 %