NORDIC AIRLINES AS

5216 LEPSØY

Finances

Share Ownership

Return on Equity

106,98 %

Current Ratio

0,77

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	280 000	836 000	400 000	620 000
Net Income	−46 000	172 000	−77 000	−63 000
Total Assets	501 000	611 000	363 000	418 000
Total Equity	−43 000	3 000	−169 000	−92 000

Income (NOK)	2022	2021	2020	2019
Revenue	280 000	836 000	400 000	620 000
Expenditure	341 000	615 000	497 000	699 000
Operating Profit	−61 000	221 000	−97 000	−79 000
Financial Income	2 000	0	0	0
Financial Costs	0	1 000	1 000	1 000
Financial Balance	2 000	−1 000	−1 000	−1 000
Earnings Before Tax	−59 000	220 000	−99 000	−80 000
Tax	−13 000	48 000	−22 000	−18 000
Net Income	−46 000	172 000	−77 000	−63 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	82 000	169 000	299 000	347 000
Total Current Assets	419 000	442 000	64 000	71 000
Total Assets	501 000	611 000	363 000	418 000
Total Retained Equity	−73 000	−27 000	−199 000	−122 000
Total Equity	−43 000	3 000	−169 000	−92 000
Total Long-Term Debt	0	9 000	0	0
Total Current Debt	544 000	599 000	532 000	510 000
Total Equity and Debt	501 000	611 000	363 000	418 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	280 000	836 000	87 000	620 000
Other Income	0	0	313 000	0
Revenue	280 000	836 000	400 000	620 000
Cost of Goods Sold	0	0	7 000	0
Salary Costs	0	0	0	16 000
Depreciation	91 000	91 000	69 000	17 000
Impairment	0	0	0	0
Expenditure	341 000	615 000	497 000	699 000
Operating Profit	−61 000	221 000	−97 000	−79 000
Financial Income	2 000	0	0	0
Financial Costs	0	1 000	1 000	1 000
Financial Balance	2 000	−1 000	−1 000	−1 000
Dividends	0	0	0	0
Net Income	−46 000	172 000	−77 000	−63 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 000	0	39 000	18 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	78 000	169 000	260 000	329 000
Total Tangible Assets	78 000	169 000	260 000	329 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	82 000	169 000	299 000	347 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	−2 000	0	0
Total Current Assets	419 000	442 000	64 000	71 000
Total Assets	501 000	611 000	363 000	418 000
Total Equity	−43 000	3 000	−169 000	−92 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	9 000	0	0
Creditors	394 000	382 000	297 000	287 000
Unpaid Taxes	0	67 000	3 000	−9 000
Dividends	0	0	0	0
Other Current Debt	150 000	151 000	232 000	233 000
Total Current Debt	544 000	599 000	532 000	510 000
Total Equity and Debt	501 000	611 000	363 000	418 000

Financial indicators	2022	2021	2020	2019
Return on Equity	106,98 %	5 733,33 %	45,56 %	68,48 %
Debt-to-Equity Ratio	−0	3	−0	−0
Operating Profit Margin	−21,79 %	26,44 %	−24,25 %	−12,74 %
Current Ratio	0,77	0,74	0,12	0,14
Quick Ratio	0,77	0,74	0,12	0,14
Equity Ratio	−0,09	0	−0,47	−0,22
Gross Profit Margin	100 %	100 %	98,25 %	100 %