TITU DRIFT AS

3430 SPIKKESTAD

Finances

Share Ownership

Return on Equity

−3,74 %

Current Ratio

17,96

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	240 000	153 000	0	0
Net Income	−924 000	874 000	−642 000	44 841 000
Total Assets	25 802 000	26 685 000	27 811 000	46 423 000
Total Equity	24 684 000	25 608 000	25 733 000	28 376 000

Income (NOK)	2022	2021	2020	2019
Revenue	240 000	153 000	0	0
Expenditure	1 048 000	940 000	861 000	599 000
Operating Profit	−808 000	−787 000	−861 000	−599 000
Financial Income	1 467 000	1 517 000	254 000	45 440 000
Financial Costs	1 583 000	0	35 000	0
Financial Balance	−116 000	1 517 000	219 000	45 440 000
Earnings Before Tax	−924 000	730 000	−642 000	44 841 000
Tax	0	−144 000	0	0
Net Income	−924 000	874 000	−642 000	44 841 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 701 000	7 614 000	5 712 000	0
Total Current Assets	20 102 000	19 071 000	22 100 000	46 423 000
Total Assets	25 802 000	26 685 000	27 811 000	46 423 000
Total Retained Equity	23 917 000	24 841 000	24 967 000	27 609 000
Total Equity	24 684 000	25 608 000	25 733 000	28 376 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 119 000	1 077 000	2 078 000	18 048 000
Total Equity and Debt	25 802 000	26 685 000	27 811 000	46 423 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	240 000	153 000	0	0
Revenue	240 000	153 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	521 000	494 000	610 000	485 000
Depreciation	76 000	43 000	49 000	0
Impairment	0	0	0	0
Expenditure	1 048 000	940 000	861 000	599 000
Operating Profit	−808 000	−787 000	−861 000	−599 000
Financial Income	1 467 000	1 517 000	254 000	45 440 000
Financial Costs	1 583 000	0	35 000	0
Financial Balance	−116 000	1 517 000	219 000	45 440 000
Dividends	0	1 000 000	2 000 000	18 000 000
Net Income	−924 000	874 000	−642 000	44 841 000

Balance details (NOK)	2022	2021	2020	2019
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	240 000	316 000	359 000	0
Total Tangible Assets	240 000	316 000	359 000	0
Total Fiancial Fixed Assets	5 461 000	7 298 000	5 353 000	0
Total Fixed Assets	5 701 000	7 614 000	5 712 000	0
Stock	0	0	0	0
Total Investments	5 197 000	11 941 000	11 168 000	10 204 000
Cash, Bank	12 140 000	6 955 000	10 928 000	28 220 000
Total Current Assets	20 102 000	19 071 000	22 100 000	46 423 000
Total Assets	25 802 000	26 685 000	27 811 000	46 423 000
Total Equity	24 684 000	25 608 000	25 733 000	28 376 000
Short-Term Group Debt	1 000 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	18 000	24 000	3 000	0
Unpaid Taxes	36 000	−2 000	9 000	0
Dividends	0	1 000 000	2 000 000	18 000 000
Other Current Debt	64 000	54 000	66 000	48 000
Total Current Debt	1 119 000	1 077 000	2 078 000	18 048 000
Total Equity and Debt	25 802 000	26 685 000	27 811 000	46 423 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,74 %	3,41 %	−2,49 %	158,02 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−336,67 %	−514,38 %	-	-
Current Ratio	17,96	17,71	10,64	2,57
Quick Ratio	17,96	17,71	10,64	2,57
Equity Ratio	0,96	0,96	0,93	0,61
Gross Profit Margin	100 %	100 %	-	-