NORWEGIAN AVIATION & DEFENSE GROUP AS

4055 SOLA

Finances

Return on Equity

31,3 %

Current Ratio

15,98

Debt-to-Equity Ratio

−1,96

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 076 000	1 024 000	3 722 000	1 307 000
Net Income	−7 281 000	−6 925 000	−4 018 000	−3 958 000
Total Assets	23 293 000	16 310 000	10 416 000	4 427 000
Total Equity	−23 263 000	−15 982 000	−9 057 000	−5 039 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 076 000	1 024 000	3 722 000	1 307 000
Expenditure	7 465 000	7 176 000	7 491 000	5 705 000
Operating Profit	−5 388 000	−6 152 000	−3 768 000	−4 397 000
Financial Income	0	9 000	8 000	10 000
Financial Costs	3 887 000	2 723 000	1 352 000	662 000
Financial Balance	−3 887 000	−2 714 000	−1 344 000	−652 000
Earnings Before Tax	−9 275 000	−8 866 000	−5 112 000	−5 050 000
Tax	−1 994 000	−1 941 000	−1 094 000	−1 092 000
Net Income	−7 281 000	−6 925 000	−4 018 000	−3 958 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 675 000	7 803 000	4 762 000	1 808 000
Total Current Assets	13 617 000	8 506 000	5 654 000	2 619 000
Total Assets	23 293 000	16 310 000	10 416 000	4 427 000
Total Retained Equity	−24 293 000	−17 012 000	−10 087 000	−6 069 000
Total Equity	−23 263 000	−15 982 000	−9 057 000	−5 039 000
Total Long-Term Debt	45 703 000	31 488 000	18 967 000	8 725 000
Total Current Debt	852 000	804 000	507 000	742 000
Total Equity and Debt	23 293 000	16 310 000	10 416 000	4 427 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 068 000	532 000	2 000	155 000
Other Income	1 008 000	492 000	3 720 000	1 153 000
Revenue	2 076 000	1 024 000	3 722 000	1 307 000
Cost of Goods Sold	1 000	2 000	5 000	2 000
Salary Costs	2 007 000	1 974 000	3 973 000	2 942 000
Depreciation	492 000	456 000	130 000	12 000
Impairment	0	0	0	0
Expenditure	7 465 000	7 176 000	7 491 000	5 705 000
Operating Profit	−5 388 000	−6 152 000	−3 768 000	−4 397 000
Financial Income	0	9 000	8 000	10 000
Financial Costs	3 887 000	2 723 000	1 352 000	662 000
Financial Balance	−3 887 000	−2 714 000	−1 344 000	−652 000
Dividends	0	0	0	0
Net Income	−7 281 000	−6 925 000	−4 018 000	−3 958 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 699 000	4 705 000	2 764 000	1 670 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 540 000	2 536 000	1 579 000	0
Fixtures	368 000	495 000	352 000	116 000
Total Tangible Assets	2 908 000	3 031 000	1 931 000	116 000
Total Fiancial Fixed Assets	68 000	68 000	68 000	23 000
Total Fixed Assets	9 675 000	7 803 000	4 762 000	1 808 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 906 000	457 000	635 000	283 000
Total Current Assets	13 617 000	8 506 000	5 654 000	2 619 000
Total Assets	23 293 000	16 310 000	10 416 000	4 427 000
Total Equity	−23 263 000	−15 982 000	−9 057 000	−5 039 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	45 703 000	31 488 000	18 967 000	8 725 000
Creditors	539 000	508 000	127 000	186 000
Unpaid Taxes	120 000	117 000	140 000	162 000
Dividends	0	0	0	0
Other Current Debt	192 000	178 000	239 000	393 000
Total Current Debt	852 000	804 000	507 000	742 000
Total Equity and Debt	23 293 000	16 310 000	10 416 000	4 427 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,3 %	43,33 %	44,36 %	78,55 %
Debt-to-Equity Ratio	−1,96	−1,97	−2,09	−1,73
Operating Profit Margin	−259,54 %	−600,78 %	−101,24 %	−336,42 %
Current Ratio	15,98	10,58	11,15	3,53
Quick Ratio	15,98	10,58	11,15	3,53
Equity Ratio	−1	−0,98	−0,87	−1,14
Gross Profit Margin	99,95 %	99,8 %	99,87 %	99,85 %