GRIFF AVIATION AS

6230 SYKKYLVEN

Finances

Return on Equity

−2,45 %

Current Ratio

3,09

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 446 000	2 191 000	8 160 000	18 243 000
Net Income	−2 664 000	−2 345 000	−46 000	375 000
Total Assets	137 842 000	92 976 000	64 844 000	58 299 000
Total Equity	108 893 000	62 715 000	3 043 000	3 089 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 446 000	2 191 000	8 160 000	18 243 000
Expenditure	29 813 000	21 605 000	18 539 000	24 757 000
Operating Profit	−311 000	85 000	1 622 000	1 956 000
Financial Income	18 000	627 000	10 000	15 000
Financial Costs	2 371 000	3 058 000	1 678 000	1 595 000
Financial Balance	−2 353 000	−2 431 000	−1 668 000	−1 580 000
Earnings Before Tax	−2 664 000	−2 345 000	−46 000	375 000
Tax	0	0	0	0
Net Income	−2 664 000	−2 345 000	−46 000	375 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	110 009 000	82 336 000	62 390 000	51 108 000
Total Current Assets	27 833 000	10 640 000	2 454 000	7 190 000
Total Assets	137 842 000	92 976 000	64 844 000	58 299 000
Total Retained Equity	−5 327 000	−2 663 000	−317 000	−272 000
Total Equity	108 893 000	62 715 000	3 043 000	3 089 000
Total Long-Term Debt	19 931 000	20 541 000	51 823 000	48 726 000
Total Current Debt	9 018 000	9 720 000	9 978 000	6 484 000
Total Equity and Debt	137 842 000	92 976 000	64 844 000	58 299 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 030 000	714 000	6 660 000	18 243 000
Other Income	1 416 000	1 477 000	1 500 000	0
Revenue	2 446 000	2 191 000	8 160 000	18 243 000
Cost of Goods Sold	7 862 000	5 215 000	4 922 000	4 621 000
Salary Costs	13 113 000	11 089 000	8 184 000	12 287 000
Depreciation	301 000	420 000	441 000	513 000
Impairment	0	0	0	0
Expenditure	29 813 000	21 605 000	18 539 000	24 757 000
Operating Profit	−311 000	85 000	1 622 000	1 956 000
Financial Income	18 000	627 000	10 000	15 000
Financial Costs	2 371 000	3 058 000	1 678 000	1 595 000
Financial Balance	−2 353 000	−2 431 000	−1 668 000	−1 580 000
Dividends	0	0	0	0
Net Income	−2 664 000	−2 345 000	−46 000	375 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	109 040 000	81 392 000	61 144 000	48 228 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	155 000	157 000	269 000	1 032 000
Fixtures	284 000	257 000	443 000	731 000
Total Tangible Assets	439 000	414 000	712 000	1 764 000
Total Fiancial Fixed Assets	530 000	530 000	534 000	1 116 000
Total Fixed Assets	110 009 000	82 336 000	62 390 000	51 108 000
Stock	1 199 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	22 984 000	8 444 000	597 000	4 660 000
Total Current Assets	27 833 000	10 640 000	2 454 000	7 190 000
Total Assets	137 842 000	92 976 000	64 844 000	58 299 000
Total Equity	108 893 000	62 715 000	3 043 000	3 089 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	19 931 000	20 541 000	51 823 000	48 726 000
Creditors	530 000	3 415 000	5 438 000	2 884 000
Unpaid Taxes	737 000	836 000	541 000	901 000
Dividends	0	0	0	0
Other Current Debt	7 752 000	5 469 000	3 999 000	2 699 000
Total Current Debt	9 018 000	9 720 000	9 978 000	6 484 000
Total Equity and Debt	137 842 000	92 976 000	64 844 000	58 299 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,45 %	−3,74 %	−1,51 %	12,14 %
Debt-to-Equity Ratio	0,18	0,33	17,03	15,77
Operating Profit Margin	−12,71 %	3,88 %	19,88 %	10,72 %
Current Ratio	3,09	1,09	0,25	1,11
Quick Ratio	3,56	1,09	0,25	1,11
Equity Ratio	0,79	0,67	0,05	0,05
Gross Profit Margin	−221,42 %	−138,02 %	39,68 %	74,67 %