SKYWARD AS

1615 FREDRIKSTAD

Finances

Share Ownership

Return on Equity

−114,55 %

Current Ratio

6,94

Debt-to-Equity Ratio

2,95

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 252 000	4 777 000	2 310 000	7 325 000
Net Income	−3 566 000	−950 000	304 000	154 000
Total Assets	12 949 000	13 869 000	10 235 000	5 543 000
Total Equity	3 113 000	5 809 000	5 583 000	4 924 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 252 000	4 777 000	2 310 000	7 325 000
Expenditure	6 632 000	5 531 000	1 861 000	7 114 000
Operating Profit	−3 380 000	−754 000	448 000	210 000
Financial Income	7 000	6 000	0	1 000
Financial Costs	221 000	156 000	76 000	58 000
Financial Balance	−214 000	−150 000	−76 000	−57 000
Earnings Before Tax	−3 594 000	−904 000	372 000	154 000
Tax	−28 000	46 000	68 000	0
Net Income	−3 566 000	−950 000	304 000	154 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 473 000	9 160 000	7 492 000	1 321 000
Total Current Assets	4 476 000	4 709 000	2 743 000	4 223 000
Total Assets	12 949 000	13 869 000	10 235 000	5 543 000
Total Retained Equity	−1 417 000	1 279 000	1 053 000	394 000
Total Equity	3 113 000	5 809 000	5 583 000	4 924 000
Total Long-Term Debt	9 190 000	6 734 000	3 047 000	0
Total Current Debt	645 000	1 326 000	1 605 000	620 000
Total Equity and Debt	12 949 000	13 869 000	10 235 000	5 543 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 051 000	4 457 000	1 420 000	7 325 000
Other Income	201 000	320 000	890 000	0
Revenue	3 252 000	4 777 000	2 310 000	7 325 000
Cost of Goods Sold	387 000	1 942 000	153 000	1 588 000
Salary Costs	1 292 000	283 000	166 000	3 853 000
Depreciation	578 000	496 000	245 000	174 000
Impairment	0	0	0	0
Expenditure	6 632 000	5 531 000	1 861 000	7 114 000
Operating Profit	−3 380 000	−754 000	448 000	210 000
Financial Income	7 000	6 000	0	1 000
Financial Costs	221 000	156 000	76 000	58 000
Financial Balance	−214 000	−150 000	−76 000	−57 000
Dividends	0	0	0	0
Net Income	−3 566 000	−950 000	304 000	154 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 506 000	3 506 000	1 670 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	144 000	345 000	0	0
Fixtures	796 000	1 036 000	570 000	217 000
Total Tangible Assets	4 967 000	5 654 000	5 822 000	1 321 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	8 473 000	9 160 000	7 492 000	1 321 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	−1 087 000	−728 000	−1 638 000	558 000
Total Current Assets	4 476 000	4 709 000	2 743 000	4 223 000
Total Assets	12 949 000	13 869 000	10 235 000	5 543 000
Total Equity	3 113 000	5 809 000	5 583 000	4 924 000
Short-Term Group Debt	0	265 000	0	0
Total Long-Term Debt	9 190 000	6 734 000	3 047 000	0
Creditors	396 000	561 000	1 482 000	227 000
Unpaid Taxes	45 000	397 000	−25 000	234 000
Dividends	0	0	0	0
Other Current Debt	204 000	76 000	148 000	158 000
Total Current Debt	645 000	1 326 000	1 605 000	620 000
Total Equity and Debt	12 949 000	13 869 000	10 235 000	5 543 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−114,55 %	−16,35 %	5,45 %	3,13 %
Debt-to-Equity Ratio	2,95	1,16	0,55	0
Operating Profit Margin	−103,94 %	−15,78 %	19,39 %	2,87 %
Current Ratio	6,94	3,55	1,71	6,81
Quick Ratio	6,94	3,55	1,71	6,81
Equity Ratio	0,24	0,42	0,55	0,89
Gross Profit Margin	88,1 %	59,35 %	93,38 %	78,32 %