AIRWING AS

1366 LYSAKER

Finances

Return on Equity

79,07 %

Current Ratio

1,61

Debt-to-Equity Ratio

−2,55

Key figures (NOK)	2021	2020	2019	2018
Revenue	79 838 000	70 620 000	59 559 000	43 725 000
Net Income	−18 453 000	−7 014 000	−19 086 000	−18 051 000
Total Assets	51 008 000	33 069 000	20 810 000	18 584 000
Total Equity	−23 338 000	−4 538 000	−17 174 000	2 894 000

Income (NOK)	2021	2020	2019	2018
Revenue	79 838 000	70 620 000	59 559 000	43 725 000
Expenditure	95 477 000	70 278 000	74 748 000	57 751 000
Operating Profit	−15 638 000	342 000	−15 188 000	−14 026 000
Financial Income	296 000	275 000	31 000	318 000
Financial Costs	3 111 000	4 266 000	3 929 000	7 705 000
Financial Balance	−2 815 000	−3 991 000	−3 898 000	−7 387 000
Earnings Before Tax	−18 453 000	−3 649 000	−19 086 000	−21 413 000
Tax	0	3 365 000	0	−3 362 000
Net Income	−18 453 000	−7 014 000	−19 086 000	−18 051 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	26 984 000	25 457 000	9 797 000	15 091 000
Total Current Assets	24 024 000	7 612 000	11 013 000	3 493 000
Total Assets	51 008 000	33 069 000	20 810 000	18 584 000
Total Retained Equity	−24 989 000	−6 189 000	−28 917 000	−8 849 000
Total Equity	−23 338 000	−4 538 000	−17 174 000	2 894 000
Total Long-Term Debt	59 436 000	31 431 000	14 184 000	5 218 000
Total Current Debt	14 911 000	6 175 000	23 800 000	10 472 000
Total Equity and Debt	51 008 000	33 069 000	20 810 000	18 584 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	79 838 000	70 061 000	59 559 000	43 725 000
Other Income	0	559 000	0	0
Revenue	79 838 000	70 620 000	59 559 000	43 725 000
Cost of Goods Sold	53 318 000	42 289 000	45 896 000	16 200 000
Salary Costs	20 353 000	14 974 000	12 448 000	10 248 000
Depreciation	1 838 000	1 782 000	149 000	1 715 000
Impairment	0	0	0	0
Expenditure	95 477 000	70 278 000	74 748 000	57 751 000
Operating Profit	−15 638 000	342 000	−15 188 000	−14 026 000
Financial Income	296 000	275 000	31 000	318 000
Financial Costs	3 111 000	4 266 000	3 929 000	7 705 000
Financial Balance	−2 815 000	−3 991 000	−3 898 000	−7 387 000
Dividends	0	0	0	0
Net Income	−18 453 000	−7 014 000	−19 086 000	−18 051 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	40 000	3 448 000	3 490 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	40 000	24 000	341 000	0
Fixtures	10 000	15 000	20 000	0
Total Tangible Assets	19 239 000	20 653 000	438 000	520 000
Total Fiancial Fixed Assets	7 745 000	4 765 000	5 911 000	11 081 000
Total Fixed Assets	26 984 000	25 457 000	9 797 000	15 091 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 681 000	1 718 000	1 327 000	1 022 000
Total Current Assets	24 024 000	7 612 000	11 013 000	3 493 000
Total Assets	51 008 000	33 069 000	20 810 000	18 584 000
Total Equity	−23 338 000	−4 538 000	−17 174 000	2 894 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	59 436 000	31 431 000	14 184 000	5 218 000
Creditors	5 893 000	2 724 000	17 656 000	7 752 000
Unpaid Taxes	3 118 000	1 724 000	923 000	380 000
Dividends	0	0	0	0
Other Current Debt	5 900 000	1 726 000	5 249 000	2 340 000
Total Current Debt	14 911 000	6 175 000	23 800 000	10 472 000
Total Equity and Debt	51 008 000	33 069 000	20 810 000	18 584 000

Financial indicators	2021	2020	2019	2018
Return on Equity	79,07 %	154,56 %	111,13 %	−623,74 %
Debt-to-Equity Ratio	−2,55	−6,93	−0,83	1,8
Operating Profit Margin	−19,59 %	0,48 %	−25,5 %	−32,08 %
Current Ratio	1,61	1,23	0,46	0,33
Quick Ratio	1,61	1,23	0,46	0,33
Equity Ratio	−0,46	−0,14	−0,83	0,16
Gross Profit Margin	33,22 %	40,12 %	22,94 %	62,95 %