AVINCIS AVIATION NORWAY AS

9008 TROMSØ

Finances

Return on Equity

7,9 %

Current Ratio

0,64

Debt-to-Equity Ratio

−2,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	568 407 000	537 138 000	398 598 000	0
Net Income	−39 976 000	−132 068 000	−218 061 000	4 375 000
Total Assets	1 049 316 000	954 377 000	1 263 492 000	288 912 000
Total Equity	−505 808 000	−490 038 000	−336 523 000	33 109 000

Income (NOK)	2022	2021	2020	2019
Revenue	568 407 000	537 138 000	398 598 000	0
Expenditure	570 960 000	589 263 000	527 786 000	0
Operating Profit	−2 553 000	−52 125 000	−129 188 000	0
Financial Income	−37 423 000	69 792 000	0	10 681 000
Financial Costs	0	149 735 000	90 423 000	4 755 000
Financial Balance	−37 423 000	−79 943 000	−90 423 000	5 926 000
Earnings Before Tax	−39 976 000	−132 068 000	−219 611 000	5 925 000
Tax	0	0	−1 550 000	1 550 000
Net Income	−39 976 000	−132 068 000	−218 061 000	4 375 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	842 596 000	780 964 000	1 129 550 000	236 525 000
Total Current Assets	206 720 000	173 413 000	133 943 000	52 387 000
Total Assets	1 049 316 000	954 377 000	1 263 492 000	288 912 000
Total Retained Equity	0	−491 238 000	−337 723 000	31 909 000
Total Equity	−505 808 000	−490 038 000	−336 523 000	33 109 000
Total Long-Term Debt	1 233 557 000	1 118 937 000	1 359 731 000	133 938 000
Total Current Debt	321 566 000	325 478 000	240 284 000	121 864 000
Total Equity and Debt	1 049 316 000	954 377 000	1 263 492 000	288 912 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	568 407 000	537 138 000	398 598 000	0
Other Income	0	0	0	0
Revenue	568 407 000	537 138 000	398 598 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	198 616 000	189 355 000	145 905 000	0
Depreciation	86 604 000	87 193 000	79 133 000	0
Impairment	0	0	0	0
Expenditure	570 960 000	589 263 000	527 786 000	0
Operating Profit	−2 553 000	−52 125 000	−129 188 000	0
Financial Income	−37 423 000	69 792 000	0	10 681 000
Financial Costs	0	149 735 000	90 423 000	4 755 000
Financial Balance	−37 423 000	−79 943 000	−90 423 000	5 926 000
Dividends	0	0	0	0
Net Income	−39 976 000	−132 068 000	−218 061 000	4 375 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	18 070 000	20 505 000	0
Total Intangible Assets	16 116 000	607 534 000	679 108 000	0
Real Eastate	826 420 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	167 918 000	171 247 000	228 796 000
Total Tangible Assets	826 420 000	167 918 000	171 247 000	228 796 000
Total Fiancial Fixed Assets	60 000	5 511 000	279 194 000	7 729 000
Total Fixed Assets	842 596 000	780 964 000	1 129 550 000	236 525 000
Stock	0	0	0	0
Total Investments	0	0	0	9 858 000
Cash, Bank	19 129 000	5 947 000	37 895 000	39 346 000
Total Current Assets	206 720 000	173 413 000	133 943 000	52 387 000
Total Assets	1 049 316 000	954 377 000	1 263 492 000	288 912 000
Total Equity	−505 808 000	−490 038 000	−336 523 000	33 109 000
Short-Term Group Debt	59 242 000	0	0	0
Total Long-Term Debt	1 233 557 000	1 118 937 000	1 359 731 000	133 938 000
Creditors	66 591 000	122 095 000	0	0
Unpaid Taxes	0	0	0	1 349 000
Dividends	0	0	0	0
Other Current Debt	195 733 000	203 383 000	240 284 000	120 515 000
Total Current Debt	321 566 000	325 478 000	240 284 000	121 864 000
Total Equity and Debt	1 049 316 000	954 377 000	1 263 492 000	288 912 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,9 %	26,95 %	64,8 %	13,21 %
Debt-to-Equity Ratio	−2,44	−2,28	−4,04	4,05
Operating Profit Margin	−0,45 %	−9,7 %	−32,41 %	-
Current Ratio	0,64	0,53	0,56	0,43
Quick Ratio	0,64	0,53	0,56	0,43
Equity Ratio	−0,48	−0,51	−0,27	0,11
Gross Profit Margin	100 %	100 %	100 %	-