OSM AVIATION ACADEMY HOLDING AS

4836 ARENDAL

Finances

Return on Equity

105,22 %

Current Ratio

0,71

Debt-to-Equity Ratio

−12,61

Key figures (NOK)	2021	2020	2019	2018
Revenue	2 439 000	0	91 000	0
Net Income	−1 392 000	−70 000	39 000	−12 000
Total Assets	18 652 000	1 178 000	1 008 000	30 000
Total Equity	−1 323 000	69 000	69 000	30 000

Income (NOK)	2021	2020	2019	2018
Revenue	2 439 000	0	91 000	0
Expenditure	3 877 000	76 000	53 000	15 000
Operating Profit	−1 438 000	−76 000	38 000	−15 000
Financial Income	281 000	33 000	39 000	0
Financial Costs	235 000	27 000	36 000	0
Financial Balance	46 000	6 000	3 000	0
Earnings Before Tax	−1 392 000	−70 000	41 000	−15 000
Tax	0	0	2 000	−3 000
Net Income	−1 392 000	−70 000	39 000	−12 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	16 319 000	997 000	897 000	0
Total Current Assets	2 333 000	181 000	110 000	30 000
Total Assets	18 652 000	1 178 000	1 008 000	30 000
Total Retained Equity	−1 353 000	−31 000	39 000	0
Total Equity	−1 323 000	69 000	69 000	30 000
Total Long-Term Debt	16 680 000	993 000	884 000	0
Total Current Debt	3 295 000	116 000	55 000	0
Total Equity and Debt	18 652 000	1 178 000	1 008 000	30 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	2 439 000	0	0	0
Other Income	0	0	91 000	0
Revenue	2 439 000	0	91 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 877 000	76 000	53 000	15 000
Operating Profit	−1 438 000	−76 000	38 000	−15 000
Financial Income	281 000	33 000	39 000	0
Financial Costs	235 000	27 000	36 000	0
Financial Balance	46 000	6 000	3 000	0
Dividends	0	0	0	0
Net Income	−1 392 000	−70 000	39 000	−12 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	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	16 319 000	997 000	897 000	0
Total Fixed Assets	16 319 000	997 000	897 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	958 000	96 000	15 000	0
Total Current Assets	2 333 000	181 000	110 000	30 000
Total Assets	18 652 000	1 178 000	1 008 000	30 000
Total Equity	−1 323 000	69 000	69 000	30 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	16 680 000	993 000	884 000	0
Creditors	2 358 000	116 000	0	0
Unpaid Taxes	4 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	933 000	0	53 000	0
Total Current Debt	3 295 000	116 000	55 000	0
Total Equity and Debt	18 652 000	1 178 000	1 008 000	30 000

Financial indicators	2021	2020	2019	2018
Return on Equity	105,22 %	−101,45 %	56,52 %	−40 %
Debt-to-Equity Ratio	−12,61	14,39	12,81	0
Operating Profit Margin	−58,96 %	-	41,76 %	-
Current Ratio	0,71	1,56	2	-
Quick Ratio	0,71	1,56	2	-
Equity Ratio	−0,07	0,06	0,07	1
Gross Profit Margin	100 %	-	100 %	-