AERO NORWAY AS

4055 SOLA

Finances

Share Ownership

Return on Equity

4,24 %

Current Ratio

1,64

Debt-to-Equity Ratio

1,81

Key figures (USD)	2022	2021	2020	2019
Revenue	175 011 000	113 049 000	161 538 000	214 988 000
Net Income	643 000	−2 817 000	4 472 000	2 391 000
Total Assets	94 492 000	84 315 000	50 915 000	76 500 000
Total Equity	15 175 000	14 532 000	17 348 000	12 876 000

Income (USD)	2022	2021	2020	2019
Revenue	175 011 000	113 049 000	161 538 000	214 988 000
Expenditure	172 519 000	116 211 000	155 295 000	210 761 000
Operating Profit	2 492 000	−3 161 000	6 243 000	4 227 000
Financial Income	257 000	0	826 000	254 000
Financial Costs	1 622 000	569 000	766 000	1 408 000
Financial Balance	−1 365 000	−569 000	60 000	−1 154 000
Earnings Before Tax	1 128 000	−3 731 000	6 302 000	3 073 000
Tax	485 000	−914 000	1 830 000	682 000
Net Income	643 000	−2 817 000	4 472 000	2 391 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	9 277 000	9 834 000	9 216 000	8 646 000
Total Current Assets	85 215 000	74 481 000	41 699 000	67 854 000
Total Assets	94 492 000	84 315 000	50 915 000	76 500 000
Total Retained Equity	8 645 000	8 002 000	10 819 000	6 346 000
Total Equity	15 175 000	14 532 000	17 348 000	12 876 000
Total Long-Term Debt	27 466 000	28 457 000	18 051 000	16 162 000
Total Current Debt	51 851 000	41 327 000	15 515 000	47 462 000
Total Equity and Debt	94 492 000	84 315 000	50 915 000	76 500 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	174 897 000	112 025 000	161 230 000	214 988 000
Other Income	114 000	1 025 000	308 000	0
Revenue	175 011 000	113 049 000	161 538 000	214 988 000
Cost of Goods Sold	144 684 000	89 791 000	130 690 000	185 010 000
Salary Costs	22 760 000	18 962 000	18 295 000	19 949 000
Depreciation	451 000	1 681 000	1 518 000	1 170 000
Impairment	0	0	0	0
Expenditure	172 519 000	116 211 000	155 295 000	210 761 000
Operating Profit	2 492 000	−3 161 000	6 243 000	4 227 000
Financial Income	257 000	0	826 000	254 000
Financial Costs	1 622 000	569 000	766 000	1 408 000
Financial Balance	−1 365 000	−569 000	60 000	−1 154 000
Dividends	0	0	0	0
Net Income	643 000	−2 817 000	4 472 000	2 391 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	196 000	491 000	785 000	1 079 000
Total Intangible Assets	2 204 000	2 984 000	2 364 000	2 562 000
Real Eastate	3 393 000	2 395 000	2 661 000	2 927 000
Machinery and Plant Facilities	2 375 000	2 909 000	2 164 000	680 000
Fixtures	1 304 000	1 547 000	2 027 000	2 477 000
Total Tangible Assets	7 072 000	6 851 000	6 852 000	6 084 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	9 277 000	9 834 000	9 216 000	8 646 000
Stock	23 343 000	25 654 000	16 900 000	30 229 000
Total Investments	0	0	0	0
Cash, Bank	671 000	1 434 000	906 000	5 387 000
Total Current Assets	85 215 000	74 481 000	41 699 000	67 854 000
Total Assets	94 492 000	84 315 000	50 915 000	76 500 000
Total Equity	15 175 000	14 532 000	17 348 000	12 876 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	27 466 000	28 457 000	18 051 000	16 162 000
Creditors	11 416 000	10 067 000	5 340 000	11 448 000
Unpaid Taxes	1 269 000	1 226 000	1 072 000	1 336 000
Dividends	0	0	0	0
Other Current Debt	31 729 000	17 420 000	5 804 000	24 347 000
Total Current Debt	51 851 000	41 327 000	15 515 000	47 462 000
Total Equity and Debt	94 492 000	84 315 000	50 915 000	76 500 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,24 %	−19,38 %	25,78 %	18,57 %
Debt-to-Equity Ratio	1,81	1,96	1,04	1,26
Operating Profit Margin	1,42 %	−2,8 %	3,86 %	1,97 %
Current Ratio	1,64	1,8	2,69	1,43
Quick Ratio	2,99	4,75	−30,11	3,94
Equity Ratio	0,16	0,17	0,34	0,17
Gross Profit Margin	17,33 %	20,57 %	19,1 %	13,94 %