FLYCON AS

4015 STAVANGER

Finances

Return on Equity

−19,96 %

Current Ratio

7,02

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 300 000	1 774 000	2 864 000	3 281 000
Net Income	−725 000	780 000	439 000	431 000
Total Assets	4 572 000	5 530 000	4 783 000	4 836 000
Total Equity	3 633 000	4 358 000	3 878 000	3 439 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 300 000	1 774 000	2 864 000	3 281 000
Expenditure	1 068 000	1 029 000	1 063 000	1 029 000
Operating Profit	1 232 000	744 000	1 801 000	2 251 000
Financial Income	204 000	349 000	18 000	53 000
Financial Costs	1 915 000	185 000	1 202 000	1 373 000
Financial Balance	−1 711 000	164 000	−1 184 000	−1 320 000
Earnings Before Tax	−478 000	907 000	616 000	931 000
Tax	247 000	127 000	178 000	501 000
Net Income	−725 000	780 000	439 000	431 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	794 000	1 055 000	787 000	864 000
Total Current Assets	3 779 000	4 475 000	3 996 000	3 972 000
Total Assets	4 572 000	5 530 000	4 783 000	4 836 000
Total Retained Equity	3 603 000	4 328 000	3 848 000	3 409 000
Total Equity	3 633 000	4 358 000	3 878 000	3 439 000
Total Long-Term Debt	402 000	451 000	528 000	599 000
Total Current Debt	538 000	721 000	378 000	798 000
Total Equity and Debt	4 572 000	5 530 000	4 783 000	4 836 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 300 000	1 769 000	2 864 000	3 281 000
Other Income	0	5 000	0	0
Revenue	2 300 000	1 774 000	2 864 000	3 281 000
Cost of Goods Sold	0	0	0	0
Salary Costs	847 000	840 000	839 000	847 000
Depreciation	56 000	56 000	77 000	77 000
Impairment	0	0	0	0
Expenditure	1 068 000	1 029 000	1 063 000	1 029 000
Operating Profit	1 232 000	744 000	1 801 000	2 251 000
Financial Income	204 000	349 000	18 000	53 000
Financial Costs	1 915 000	185 000	1 202 000	1 373 000
Financial Balance	−1 711 000	164 000	−1 184 000	−1 320 000
Dividends	0	0	0	0
Net Income	−725 000	780 000	439 000	431 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	485 000	541 000	613 000	690 000
Total Tangible Assets	485 000	541 000	613 000	690 000
Total Fiancial Fixed Assets	309 000	514 000	174 000	174 000
Total Fixed Assets	794 000	1 055 000	787 000	864 000
Stock	0	0	0	0
Total Investments	2 125 000	2 087 000	1 515 000	797 000
Cash, Bank	1 504 000	1 737 000	2 075 000	2 869 000
Total Current Assets	3 779 000	4 475 000	3 996 000	3 972 000
Total Assets	4 572 000	5 530 000	4 783 000	4 836 000
Total Equity	3 633 000	4 358 000	3 878 000	3 439 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	402 000	451 000	528 000	599 000
Creditors	0	0	0	0
Unpaid Taxes	137 000	163 000	124 000	217 000
Dividends	0	0	0	0
Other Current Debt	155 000	436 000	81 000	91 000
Total Current Debt	538 000	721 000	378 000	798 000
Total Equity and Debt	4 572 000	5 530 000	4 783 000	4 836 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−19,96 %	17,9 %	11,32 %	12,53 %
Debt-to-Equity Ratio	0,11	0,1	0,14	0,17
Operating Profit Margin	53,57 %	41,94 %	62,88 %	68,61 %
Current Ratio	7,02	6,21	10,57	4,98
Quick Ratio	7,02	6,21	10,57	4,98
Equity Ratio	0,79	0,79	0,81	0,71
Gross Profit Margin	100 %	100 %	100 %	100 %