BUSINESS AIR SERVICE AS

4008 STAVANGER

Finances

Share Ownership

Return on Equity

14,61 %

Current Ratio

12,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	26 829 000	11 100 000	8 333 000	7 927 000
Net Income	979 000	822 000	682 000	−205 000
Total Assets	7 275 000	5 759 000	5 536 000	6 746 000
Total Equity	6 700 000	5 721 000	5 499 000	5 817 000

Income (NOK)	2022	2021	2020	2019
Revenue	26 829 000	11 100 000	8 333 000	7 927 000
Expenditure	25 652 000	10 802 000	8 045 000	8 493 000
Operating Profit	1 178 000	298 000	288 000	−566 000
Financial Income	1 476 000	576 000	451 000	437 000
Financial Costs	1 377 000	53 000	57 000	76 000
Financial Balance	99 000	523 000	394 000	361 000
Earnings Before Tax	1 277 000	822 000	682 000	−205 000
Tax	298 000	0	0	0
Net Income	979 000	822 000	682 000	−205 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	43 000	43 000	27 000	27 000
Total Current Assets	7 232 000	5 716 000	5 509 000	6 719 000
Total Assets	7 275 000	5 759 000	5 536 000	6 746 000
Total Retained Equity	6 600 000	5 621 000	5 399 000	5 717 000
Total Equity	6 700 000	5 721 000	5 499 000	5 817 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	575 000	38 000	37 000	930 000
Total Equity and Debt	7 275 000	5 759 000	5 536 000	6 746 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	26 829 000	11 100 000	8 333 000	7 927 000
Other Income	0	0	0	0
Revenue	26 829 000	11 100 000	8 333 000	7 927 000
Cost of Goods Sold	24 591 000	10 313 000	7 541 000	7 524 000
Salary Costs	737 000	228 000	213 000	619 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	25 652 000	10 802 000	8 045 000	8 493 000
Operating Profit	1 178 000	298 000	288 000	−566 000
Financial Income	1 476 000	576 000	451 000	437 000
Financial Costs	1 377 000	53 000	57 000	76 000
Financial Balance	99 000	523 000	394 000	361 000
Dividends	0	600 000	1 000 000	0
Net Income	979 000	822 000	682 000	−205 000

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	43 000	43 000	27 000	27 000
Total Tangible Assets	43 000	43 000	27 000	27 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	43 000	43 000	27 000	27 000
Stock	0	0	0	0
Total Investments	3 535 000	3 805 000	4 286 000	3 928 000
Cash, Bank	3 505 000	1 891 000	1 012 000	2 704 000
Total Current Assets	7 232 000	5 716 000	5 509 000	6 719 000
Total Assets	7 275 000	5 759 000	5 536 000	6 746 000
Total Equity	6 700 000	5 721 000	5 499 000	5 817 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	13 000	6 000	12 000	16 000
Unpaid Taxes	175 000	12 000	4 000	114 000
Dividends	0	600 000	1 000 000	0
Other Current Debt	89 000	20 000	20 000	799 000
Total Current Debt	575 000	38 000	37 000	930 000
Total Equity and Debt	7 275 000	5 759 000	5 536 000	6 746 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,61 %	14,37 %	12,4 %	−3,52 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,39 %	2,68 %	3,46 %	−7,14 %
Current Ratio	12,58	150,42	148,89	7,22
Quick Ratio	12,58	150,42	148,89	7,22
Equity Ratio	0,92	0,99	0,99	0,86
Gross Profit Margin	8,34 %	7,09 %	9,5 %	5,08 %