AIR FORUS AS

4012 STAVANGER

Finances

Share Ownership

Return on Equity

105,55 %

Current Ratio

0,06

Debt-to-Equity Ratio

−0,88

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 347 000	7 109 000	3 939 000	3 070 000
Net Income	−31 296 000	−10 362 000	−6 811 000	−148 000
Total Assets	1 104 000	26 063 000	30 868 000	34 307 000
Total Equity	−29 650 000	−18 809 000	−8 447 000	−1 636 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 347 000	7 109 000	3 939 000	3 070 000
Expenditure	36 423 000	16 939 000	10 735 000	2 513 000
Operating Profit	−31 011 000	−10 315 000	−6 796 000	557 000
Financial Income	10 000	14 000	31 000	48 000
Financial Costs	294 000	61 000	47 000	133 000
Financial Balance	−284 000	−47 000	−16 000	−85 000
Earnings Before Tax	−31 296 000	−10 362 000	−6 811 000	471 000
Tax	0	0	0	619 000
Net Income	−31 296 000	−10 362 000	−6 811 000	−148 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	821 000	25 555 000	30 094 000	2 708 000
Total Current Assets	283 000	507 000	774 000	31 599 000
Total Assets	1 104 000	26 063 000	30 868 000	34 307 000
Total Retained Equity	−51 741 000	−20 445 000	−10 083 000	−3 272 000
Total Equity	−29 650 000	−18 809 000	−8 447 000	−1 636 000
Total Long-Term Debt	26 165 000	41 719 000	35 216 000	35 061 000
Total Current Debt	4 589 000	3 153 000	4 099 000	882 000
Total Equity and Debt	1 104 000	26 063 000	30 868 000	34 307 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 315 000	7 502 000	3 939 000	3 070 000
Other Income	32 000	−393 000	0	0
Revenue	6 347 000	7 109 000	3 939 000	3 070 000
Cost of Goods Sold	0	0	586 000	545 000
Salary Costs	6 120 000	3 889 000	3 807 000	776 000
Depreciation	312 000	172 000	146 000	100 000
Impairment	21 450 000	0	0	0
Expenditure	36 423 000	16 939 000	10 735 000	2 513 000
Operating Profit	−31 011 000	−10 315 000	−6 796 000	557 000
Financial Income	10 000	14 000	31 000	48 000
Financial Costs	294 000	61 000	47 000	133 000
Financial Balance	−284 000	−47 000	−16 000	−85 000
Dividends	0	0	0	0
Net Income	−31 296 000	−10 362 000	−6 811 000	−148 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	161 000	23 183 000	28 160 000	19 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	656 000	774 000	335 000	231 000
Total Tangible Assets	817 000	23 956 000	28 495 000	251 000
Total Fiancial Fixed Assets	4 000	1 599 000	1 599 000	2 457 000
Total Fixed Assets	821 000	25 555 000	30 094 000	2 708 000
Stock	63 000	209 000	230 000	29 866 000
Total Investments	0	0	0	0
Cash, Bank	220 000	171 000	217 000	1 353 000
Total Current Assets	283 000	507 000	774 000	31 599 000
Total Assets	1 104 000	26 063 000	30 868 000	34 307 000
Total Equity	−29 650 000	−18 809 000	−8 447 000	−1 636 000
Short-Term Group Debt	354 000	152 000	0	0
Total Long-Term Debt	26 165 000	41 719 000	35 216 000	35 061 000
Creditors	731 000	668 000	950 000	267 000
Unpaid Taxes	366 000	249 000	292 000	182 000
Dividends	0	0	0	0
Other Current Debt	1 556 000	678 000	1 629 000	433 000
Total Current Debt	4 589 000	3 153 000	4 099 000	882 000
Total Equity and Debt	1 104 000	26 063 000	30 868 000	34 307 000

Financial indicators	2022	2021	2020	2019
Return on Equity	105,55 %	55,09 %	80,63 %	9,05 %
Debt-to-Equity Ratio	−0,88	−2,22	−4,17	−21,43
Operating Profit Margin	−488,59 %	−145,1 %	−172,53 %	18,14 %
Current Ratio	0,06	0,16	0,19	35,83
Quick Ratio	0,06	0,17	0,2	−1,09
Equity Ratio	−26,86	−0,72	−0,27	−0,05
Gross Profit Margin	100 %	100 %	85,12 %	82,25 %