NORWEGIAN FLYING ACES AS

3676 NOTODDEN

Finances

Share Ownership

Return on Equity

126,09 %

Current Ratio

36,13

Debt-to-Equity Ratio

−5,97

Key figures (NOK)	2022	2021	2020	2019
Revenue	40 000	35 000	133 000	55 000
Net Income	−145 000	−156 000	−98 000	−222 000
Total Assets	586 000	616 000	222 000	98 000
Total Equity	−115 000	30 000	−299 000	−202 000

Income (NOK)	2022	2021	2020	2019
Revenue	40 000	35 000	133 000	55 000
Expenditure	185 000	171 000	231 000	275 000
Operating Profit	−145 000	−136 000	−98 000	−219 000
Financial Income	0	0	0	0
Financial Costs	0	20 000	0	0
Financial Balance	0	−20 000	0	0
Earnings Before Tax	−145 000	−156 000	−98 000	−219 000
Tax	0	0	0	3 000
Net Income	−145 000	−156 000	−98 000	−222 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	44 000	0	0	0
Total Current Assets	542 000	616 000	222 000	98 000
Total Assets	586 000	616 000	222 000	98 000
Total Retained Equity	−145 000	0	−329 000	−232 000
Total Equity	−115 000	30 000	−299 000	−202 000
Total Long-Term Debt	686 000	576 000	0	0
Total Current Debt	15 000	11 000	521 000	300 000
Total Equity and Debt	586 000	616 000	222 000	98 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	36 000	39 000	133 000	55 000
Other Income	4 000	−4 000	0	0
Revenue	40 000	35 000	133 000	55 000
Cost of Goods Sold	28 000	0	0	55 000
Salary Costs	0	0	0	7 000
Depreciation	2 000	0	0	0
Impairment	0	0	0	0
Expenditure	185 000	171 000	231 000	275 000
Operating Profit	−145 000	−136 000	−98 000	−219 000
Financial Income	0	0	0	0
Financial Costs	0	20 000	0	0
Financial Balance	0	−20 000	0	0
Dividends	0	0	0	0
Net Income	−145 000	−156 000	−98 000	−222 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	44 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	44 000	0	0	0
Stock	50 000	78 000	78 000	0
Total Investments	0	0	0	0
Cash, Bank	484 000	13 000	31 000	88 000
Total Current Assets	542 000	616 000	222 000	98 000
Total Assets	586 000	616 000	222 000	98 000
Total Equity	−115 000	30 000	−299 000	−202 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	686 000	576 000	0	0
Creditors	15 000	2 000	1 000	45 000
Unpaid Taxes	0	4 000	0	0
Dividends	0	0	0	0
Other Current Debt	0	4 000	520 000	255 000
Total Current Debt	15 000	11 000	521 000	300 000
Total Equity and Debt	586 000	616 000	222 000	98 000

Financial indicators	2022	2021	2020	2019
Return on Equity	126,09 %	−520 %	32,78 %	109,9 %
Debt-to-Equity Ratio	−5,97	19,2	−0	−0
Operating Profit Margin	−362,5 %	−388,57 %	−73,68 %	−398,18 %
Current Ratio	36,13	56	0,43	0,33
Quick Ratio	−15,49	−9,19	0,5	0,33
Equity Ratio	−0,2	0,05	−1,35	−2,06
Gross Profit Margin	30 %	100 %	100 %	0 %