SOLA AIRCRAFT CENTER AS

4313 SANDNES

Finances

Return on Equity

−12,91 %

Current Ratio

2,25

Debt-to-Equity Ratio

−3,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 511 000	2 710 000	3 513 000	1 993 000
Net Income	151 000	100 000	226 000	−173 000
Total Assets	3 226 000	3 370 000	4 214 000	4 229 000
Total Equity	−1 170 000	−1 320 000	−1 421 000	−1 646 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 511 000	2 710 000	3 513 000	1 993 000
Expenditure	2 211 000	2 518 000	3 090 000	2 161 000
Operating Profit	300 000	190 000	422 000	−169 000
Financial Income	9 000	8 000	28 000	4 000
Financial Costs	116 000	70 000	161 000	54 000
Financial Balance	−107 000	−62 000	−133 000	−50 000
Earnings Before Tax	193 000	128 000	289 000	−219 000
Tax	42 000	28 000	64 000	−47 000
Net Income	151 000	100 000	226 000	−173 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 937 000	2 052 000	2 347 000	3 110 000
Total Current Assets	1 289 000	1 317 000	1 867 000	1 119 000
Total Assets	3 226 000	3 370 000	4 214 000	4 229 000
Total Retained Equity	−1 894 000	−2 044 000	−2 145 000	−2 370 000
Total Equity	−1 170 000	−1 320 000	−1 421 000	−1 646 000
Total Long-Term Debt	3 823 000	3 948 000	4 005 000	3 484 000
Total Current Debt	573 000	742 000	1 630 000	2 391 000
Total Equity and Debt	3 226 000	3 370 000	4 214 000	4 229 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 100 000	1 259 000	1 907 000	1 103 000
Other Income	411 000	1 451 000	1 606 000	890 000
Revenue	2 511 000	2 710 000	3 513 000	1 993 000
Cost of Goods Sold	1 324 000	1 601 000	2 185 000	1 121 000
Salary Costs	150 000	191 000	156 000	0
Depreciation	231 000	242 000	279 000	280 000
Impairment	0	0	0	0
Expenditure	2 211 000	2 518 000	3 090 000	2 161 000
Operating Profit	300 000	190 000	422 000	−169 000
Financial Income	9 000	8 000	28 000	4 000
Financial Costs	116 000	70 000	161 000	54 000
Financial Balance	−107 000	−62 000	−133 000	−50 000
Dividends	0	0	0	0
Net Income	151 000	100 000	226 000	−173 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	237 000	279 000	307 000	371 000
Real Eastate	1 556 000	1 708 000	1 921 000	2 136 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	25 000	46 000	110 000	101 000
Total Tangible Assets	1 581 000	1 754 000	2 031 000	2 739 000
Total Fiancial Fixed Assets	119 000	19 000	9 000	0
Total Fixed Assets	1 937 000	2 052 000	2 347 000	3 110 000
Stock	11 000	19 000	19 000	19 000
Total Investments	0	0	0	0
Cash, Bank	249 000	442 000	53 000	0
Total Current Assets	1 289 000	1 317 000	1 867 000	1 119 000
Total Assets	3 226 000	3 370 000	4 214 000	4 229 000
Total Equity	−1 170 000	−1 320 000	−1 421 000	−1 646 000
Short-Term Group Debt	0	0	903 000	876 000
Total Long-Term Debt	3 823 000	3 948 000	4 005 000	3 484 000
Creditors	300 000	407 000	457 000	808 000
Unpaid Taxes	58 000	66 000	58 000	137 000
Dividends	0	0	0	0
Other Current Debt	215 000	268 000	213 000	83 000
Total Current Debt	573 000	742 000	1 630 000	2 391 000
Total Equity and Debt	3 226 000	3 370 000	4 214 000	4 229 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,91 %	−7,58 %	−15,9 %	10,51 %
Debt-to-Equity Ratio	−3,27	−2,99	−2,82	−2,12
Operating Profit Margin	11,95 %	7,01 %	12,01 %	−8,48 %
Current Ratio	2,25	1,77	1,15	0,47
Quick Ratio	2,29	1,82	1,16	0,47
Equity Ratio	−0,36	−0,39	−0,34	−0,39
Gross Profit Margin	47,27 %	40,92 %	37,8 %	43,75 %