VOLANTIS OPERATION AS

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

−17,86 %

Current Ratio

1,71

Debt-to-Equity Ratio

−4,58

Key figures (NOK)	2022	2021	2020	2019
Revenue	77 604 000	58 022 000	40 980 000	49 314 000
Net Income	1 024 000	3 058 000	−10 430 000	−1 735 000
Total Assets	45 715 000	30 886 000	33 525 000	34 515 000
Total Equity	−5 734 000	−6 758 000	−9 816 000	614 000

Income (NOK)	2022	2021	2020	2019
Revenue	77 604 000	58 022 000	40 980 000	49 314 000
Expenditure	75 255 000	53 742 000	53 449 000	51 012 000
Operating Profit	2 349 000	4 280 000	−12 469 000	−1 698 000
Financial Income	168 000	395 000	150 000	1 930 000
Financial Costs	1 198 000	850 000	1 042 000	2 440 000
Financial Balance	−1 030 000	−455 000	−892 000	−510 000
Earnings Before Tax	1 319 000	3 825 000	−13 362 000	−2 207 000
Tax	295 000	767 000	−2 932 000	−473 000
Net Income	1 024 000	3 058 000	−10 430 000	−1 735 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 614 000	8 305 000	14 886 000	18 132 000
Total Current Assets	43 101 000	22 581 000	18 639 000	16 383 000
Total Assets	45 715 000	30 886 000	33 525 000	34 515 000
Total Retained Equity	−5 834 000	−6 858 000	−9 916 000	514 000
Total Equity	−5 734 000	−6 758 000	−9 816 000	614 000
Total Long-Term Debt	26 285 000	25 509 000	24 756 000	24 714 000
Total Current Debt	25 165 000	12 135 000	18 585 000	9 187 000
Total Equity and Debt	45 715 000	30 886 000	33 525 000	34 515 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	58 022 000	0	0
Other Income	77 604 000	0	40 980 000	49 314 000
Revenue	77 604 000	58 022 000	40 980 000	49 314 000
Cost of Goods Sold	52 971 000	31 314 000	0	7 000 000
Salary Costs	13 853 000	13 673 000	13 260 000	13 506 000
Depreciation	5 395 000	5 814 000	6 023 000	6 023 000
Impairment	0	0	0	0
Expenditure	75 255 000	53 742 000	53 449 000	51 012 000
Operating Profit	2 349 000	4 280 000	−12 469 000	−1 698 000
Financial Income	168 000	395 000	150 000	1 930 000
Financial Costs	1 198 000	850 000	1 042 000	2 440 000
Financial Balance	−1 030 000	−455 000	−892 000	−510 000
Dividends	0	0	0	0
Net Income	1 024 000	3 058 000	−10 430 000	−1 735 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 714 000	2 009 000	2 777 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	900 000	0	0	0
Total Tangible Assets	900 000	0	0	18 132 000
Total Fiancial Fixed Assets	0	6 295 000	12 109 000	0
Total Fixed Assets	2 614 000	8 305 000	14 886 000	18 132 000
Stock	1 162 000	1 149 000	940 000	1 191 000
Total Investments	0	0	0	0
Cash, Bank	16 135 000	5 253 000	7 594 000	5 106 000
Total Current Assets	43 101 000	22 581 000	18 639 000	16 383 000
Total Assets	45 715 000	30 886 000	33 525 000	34 515 000
Total Equity	−5 734 000	−6 758 000	−9 816 000	614 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	26 285 000	25 509 000	24 756 000	24 714 000
Creditors	23 128 000	8 547 000	15 376 000	6 736 000
Unpaid Taxes	1 158 000	871 000	963 000	973 000
Dividends	0	0	0	0
Other Current Debt	878 000	2 717 000	2 246 000	1 479 000
Total Current Debt	25 165 000	12 135 000	18 585 000	9 187 000
Total Equity and Debt	45 715 000	30 886 000	33 525 000	34 515 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−17,86 %	−45,25 %	106,26 %	−282,57 %
Debt-to-Equity Ratio	−4,58	−3,77	−2,52	40,25
Operating Profit Margin	3,03 %	7,38 %	−30,43 %	−3,44 %
Current Ratio	1,71	1,86	1	1,78
Quick Ratio	1,8	2,06	1,06	2,05
Equity Ratio	−0,13	−0,22	−0,29	0,02
Gross Profit Margin	31,74 %	46,03 %	100 %	85,81 %