AVANTAS DRIFT AS

7011 TRONDHEIM

Finances

Share Ownership

Return on Equity

−68,63 %

Current Ratio

1,08

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 744 000	31 913 000	22 262 000	20 570 000
Net Income	−619 000	−31 000	−936 000	−100 000
Total Assets	11 553 000	9 282 000	7 009 000	6 860 000
Total Equity	902 000	1 521 000	1 552 000	2 488 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 744 000	31 913 000	22 262 000	20 570 000
Expenditure	26 318 000	31 904 000	23 150 000	20 684 000
Operating Profit	−575 000	9 000	−887 000	−114 000
Financial Income	0	0	7 000	1 000
Financial Costs	44 000	41 000	29 000	15 000
Financial Balance	−44 000	−41 000	−22 000	−14 000
Earnings Before Tax	−619 000	−31 000	−909 000	−128 000
Tax	0	0	28 000	−28 000
Net Income	−619 000	−31 000	−936 000	−100 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	28 000
Total Current Assets	11 553 000	9 282 000	7 009 000	6 832 000
Total Assets	11 553 000	9 282 000	7 009 000	6 860 000
Total Retained Equity	549 000	1 168 000	1 199 000	2 135 000
Total Equity	902 000	1 521 000	1 552 000	2 488 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	10 651 000	7 761 000	5 457 000	4 372 000
Total Equity and Debt	11 553 000	9 282 000	7 009 000	6 860 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	25 744 000	31 913 000	22 262 000	20 570 000
Other Income	0	0	0	0
Revenue	25 744 000	31 913 000	22 262 000	20 570 000
Cost of Goods Sold	1 250 000	2 211 000	623 000	489 000
Salary Costs	22 769 000	27 401 000	20 655 000	18 732 000
Depreciation	18 000	0	0	0
Impairment	0	0	0	0
Expenditure	26 318 000	31 904 000	23 150 000	20 684 000
Operating Profit	−575 000	9 000	−887 000	−114 000
Financial Income	0	0	7 000	1 000
Financial Costs	44 000	41 000	29 000	15 000
Financial Balance	−44 000	−41 000	−22 000	−14 000
Dividends	0	0	0	0
Net Income	−619 000	−31 000	−936 000	−100 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	28 000
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	28 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 525 000	3 644 000	3 430 000	3 559 000
Total Current Assets	11 553 000	9 282 000	7 009 000	6 832 000
Total Assets	11 553 000	9 282 000	7 009 000	6 860 000
Total Equity	902 000	1 521 000	1 552 000	2 488 000
Short-Term Group Debt	4 971 000	502 000	428 000	401 000
Total Long-Term Debt	0	0	0	0
Creditors	49 000	229 000	405 000	136 000
Unpaid Taxes	2 213 000	3 052 000	2 078 000	1 538 000
Dividends	0	0	0	0
Other Current Debt	3 418 000	3 978 000	2 547 000	2 297 000
Total Current Debt	10 651 000	7 761 000	5 457 000	4 372 000
Total Equity and Debt	11 553 000	9 282 000	7 009 000	6 860 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−68,63 %	−2,04 %	−60,31 %	−4,02 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−2,23 %	0,03 %	−3,98 %	−0,55 %
Current Ratio	1,08	1,2	1,28	1,56
Quick Ratio	1,08	1,2	1,28	1,56
Equity Ratio	0,08	0,16	0,22	0,36
Gross Profit Margin	95,14 %	93,07 %	97,2 %	97,62 %