MORGAN DRIFT AS

3750 DRANGEDAL

Finances

Share Ownership

Return on Equity

14,52 %

Current Ratio

3,03

Debt-to-Equity Ratio

5,96

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 182 000	1 102 000	926 000	314 000
Net Income	139 000	92 000	100 000	−96 000
Total Assets	6 896 000	6 852 000	5 513 000	5 494 000
Total Equity	957 000	818 000	726 000	626 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 182 000	1 102 000	926 000	314 000
Expenditure	1 605 000	741 000	571 000	283 000
Operating Profit	578 000	362 000	356 000	31 000
Financial Income	5 000	1 000	0	0
Financial Costs	403 000	244 000	228 000	158 000
Financial Balance	−398 000	−243 000	−228 000	−158 000
Earnings Before Tax	179 000	118 000	128 000	−126 000
Tax	39 000	26 000	1 000	−30 000
Net Income	139 000	92 000	100 000	−96 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 195 000	5 559 000	4 909 000	4 809 000
Total Current Assets	701 000	1 293 000	604 000	686 000
Total Assets	6 896 000	6 852 000	5 513 000	5 494 000
Total Retained Equity	331 000	192 000	100 000	0
Total Equity	957 000	818 000	726 000	626 000
Total Long-Term Debt	5 708 000	5 736 000	4 707 000	4 478 000
Total Current Debt	231 000	298 000	81 000	390 000
Total Equity and Debt	6 896 000	6 852 000	5 513 000	5 494 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	502 000	12 000	0	0
Other Income	1 680 000	1 090 000	926 000	314 000
Revenue	2 182 000	1 102 000	926 000	314 000
Cost of Goods Sold	509 000	30 000	5 000	0
Salary Costs	0	0	0	0
Depreciation	784 000	489 000	360 000	149 000
Impairment	0	0	0	0
Expenditure	1 605 000	741 000	571 000	283 000
Operating Profit	578 000	362 000	356 000	31 000
Financial Income	5 000	1 000	0	0
Financial Costs	403 000	244 000	228 000	158 000
Financial Balance	−398 000	−243 000	−228 000	−158 000
Dividends	0	0	0	0
Net Income	139 000	92 000	100 000	−96 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 434 000	3 579 000	4 032 000	4 201 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 762 000	1 981 000	877 000	608 000
Total Tangible Assets	6 195 000	5 559 000	4 909 000	4 809 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	6 195 000	5 559 000	4 909 000	4 809 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	42 000	732 000	55 000	77 000
Total Current Assets	701 000	1 293 000	604 000	686 000
Total Assets	6 896 000	6 852 000	5 513 000	5 494 000
Total Equity	957 000	818 000	726 000	626 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 708 000	5 736 000	4 707 000	4 478 000
Creditors	140 000	282 000	52 000	374 000
Unpaid Taxes	53 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	15 000	1 000	16 000
Total Current Debt	231 000	298 000	81 000	390 000
Total Equity and Debt	6 896 000	6 852 000	5 513 000	5 494 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,52 %	11,25 %	13,77 %	−15,34 %
Debt-to-Equity Ratio	5,96	7,01	6,48	7,15
Operating Profit Margin	26,49 %	32,85 %	38,44 %	9,87 %
Current Ratio	3,03	4,34	7,46	1,76
Quick Ratio	3,03	4,34	7,46	1,76
Equity Ratio	0,14	0,12	0,13	0,11
Gross Profit Margin	76,67 %	97,28 %	99,46 %	100 %