AIREX AVIATION AS

2386 BRUMUNDDAL

Finances

Share Ownership

Return on Equity

55,74 %

Current Ratio

0,33

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	−160 000	318 000	2 037 000	2 408 000
Net Income	−262 000	−196 000	−152 000	125 000
Total Assets	589 000	106 000	558 000	407 000
Total Equity	−470 000	−208 000	−12 000	140 000

Income (NOK)	2022	2021	2020	2019
Revenue	−160 000	318 000	2 037 000	2 408 000
Expenditure	102 000	509 000	2 154 000	2 220 000
Operating Profit	−262 000	−192 000	−117 000	187 000
Financial Income	0	0	0	0
Financial Costs	0	4 000	35 000	26 000
Financial Balance	0	−4 000	−35 000	−26 000
Earnings Before Tax	−262 000	−196 000	−152 000	161 000
Tax	0	0	0	35 000
Net Income	−262 000	−196 000	−152 000	125 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	235 000	258 000	468 000	197 000
Total Current Assets	354 000	−151 000	90 000	210 000
Total Assets	589 000	106 000	558 000	407 000
Total Retained Equity	−500 000	−238 000	−42 000	110 000
Total Equity	−470 000	−208 000	−12 000	140 000
Total Long-Term Debt	0	−239 000	−12 000	40 000
Total Current Debt	1 059 000	554 000	582 000	226 000
Total Equity and Debt	589 000	106 000	558 000	407 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	158 000	2 035 000	2 400 000
Other Income	−160 000	160 000	2 000	8 000
Revenue	−160 000	318 000	2 037 000	2 408 000
Cost of Goods Sold	0	31 000	729 000	630 000
Salary Costs	0	0	−218 000	20 000
Depreciation	0	7 000	24 000	27 000
Impairment	0	93 000	139 000	0
Expenditure	102 000	509 000	2 154 000	2 220 000
Operating Profit	−262 000	−192 000	−117 000	187 000
Financial Income	0	0	0	0
Financial Costs	0	4 000	35 000	26 000
Financial Balance	0	−4 000	−35 000	−26 000
Dividends	0	0	0	0
Net Income	−262 000	−196 000	−152 000	125 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	54 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	4 000	6 000
Total Tangible Assets	0	250 000	460 000	190 000
Total Fiancial Fixed Assets	235 000	8 000	8 000	8 000
Total Fixed Assets	235 000	258 000	468 000	197 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 000	9 000	251 000	55 000
Total Current Assets	354 000	−151 000	90 000	210 000
Total Assets	589 000	106 000	558 000	407 000
Total Equity	−470 000	−208 000	−12 000	140 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	−239 000	−12 000	40 000
Creditors	76 000	76 000	−25 000	2 000
Unpaid Taxes	0	−44 000	−50 000	−17 000
Dividends	0	0	0	0
Other Current Debt	912 000	450 000	623 000	208 000
Total Current Debt	1 059 000	554 000	582 000	226 000
Total Equity and Debt	589 000	106 000	558 000	407 000

Financial indicators	2022	2021	2020	2019
Return on Equity	55,74 %	94,23 %	1 266,67 %	89,29 %
Debt-to-Equity Ratio	−0	1,15	1	0,29
Operating Profit Margin	163,75 %	−60,38 %	−5,74 %	7,77 %
Current Ratio	0,33	−0,27	0,15	0,93
Quick Ratio	0,33	−0,27	0,15	0,93
Equity Ratio	−0,8	−1,96	−0,02	0,34
Gross Profit Margin	100 %	90,25 %	64,21 %	73,84 %