OSM AVIATION ACADEMY AS

4836 ARENDAL

Finances

Share Ownership

Return on Equity

435,29 %

Current Ratio

0,42

Debt-to-Equity Ratio

−1,81

Key figures (NOK)	2021	2020	2019	2018
Revenue	37 023 000	30 173 000	19 142 000	2 665 000
Net Income	−2 220 000	−2 517 000	1 482 000	−847 000
Total Assets	20 415 000	27 223 000	21 117 000	4 970 000
Total Equity	−510 000	1 710 000	1 579 000	532 000

Income (NOK)	2021	2020	2019	2018
Revenue	37 023 000	30 173 000	19 142 000	2 665 000
Expenditure	38 868 000	37 307 000	17 291 000	3 715 000
Operating Profit	−1 846 000	−7 135 000	1 851 000	−1 050 000
Financial Income	232 000	3 922 000	1 046 000	34 000
Financial Costs	721 000	11 000	1 046 000	21 000
Financial Balance	−489 000	3 911 000	0	13 000
Earnings Before Tax	−2 335 000	−3 224 000	1 851 000	−1 037 000
Tax	−114 000	−707 000	370 000	−189 000
Net Income	−2 220 000	−2 517 000	1 482 000	−847 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	12 089 000	18 310 000	6 309 000	1 926 000
Total Current Assets	8 327 000	8 913 000	14 807 000	3 044 000
Total Assets	20 415 000	27 223 000	21 117 000	4 970 000
Total Retained Equity	−3 258 000	−1 038 000	1 479 000	432 000
Total Equity	−510 000	1 710 000	1 579 000	532 000
Total Long-Term Debt	921 000	460 000	420 000	173 000
Total Current Debt	20 005 000	25 053 000	19 118 000	4 265 000
Total Equity and Debt	20 415 000	27 223 000	21 117 000	4 970 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	36 456 000	30 170 000	9 783 000	2 643 000
Other Income	567 000	4 000	9 358 000	22 000
Revenue	37 023 000	30 173 000	19 142 000	2 665 000
Cost of Goods Sold	15 092 000	14 727 000	11 609 000	112 000
Salary Costs	15 136 000	13 576 000	2 614 000	1 631 000
Depreciation	1 129 000	1 134 000	813 000	97 000
Impairment	0	0	0	0
Expenditure	38 868 000	37 307 000	17 291 000	3 715 000
Operating Profit	−1 846 000	−7 135 000	1 851 000	−1 050 000
Financial Income	232 000	3 922 000	1 046 000	34 000
Financial Costs	721 000	11 000	1 046 000	21 000
Financial Balance	−489 000	3 911 000	0	13 000
Dividends	0	0	0	0
Net Income	−2 220 000	−2 517 000	1 482 000	−847 000

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	4 321 000	5 450 000	6 169 000	1 799 000
Total Tangible Assets	4 321 000	5 450 000	6 169 000	1 799 000
Total Fiancial Fixed Assets	7 768 000	12 859 000	141 000	127 000
Total Fixed Assets	12 089 000	18 310 000	6 309 000	1 926 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 003 000	801 000	237 000	802 000
Total Current Assets	8 327 000	8 913 000	14 807 000	3 044 000
Total Assets	20 415 000	27 223 000	21 117 000	4 970 000
Total Equity	−510 000	1 710 000	1 579 000	532 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	921 000	460 000	420 000	173 000
Creditors	5 080 000	426 000	421 000	84 000
Unpaid Taxes	689 000	1 045 000	504 000	211 000
Dividends	0	0	0	0
Other Current Debt	14 235 000	23 583 000	18 192 000	3 970 000
Total Current Debt	20 005 000	25 053 000	19 118 000	4 265 000
Total Equity and Debt	20 415 000	27 223 000	21 117 000	4 970 000

Financial indicators	2021	2020	2019	2018
Return on Equity	435,29 %	−147,19 %	93,86 %	−159,21 %
Debt-to-Equity Ratio	−1,81	0,27	0,27	0,33
Operating Profit Margin	−4,99 %	−23,65 %	9,67 %	−39,4 %
Current Ratio	0,42	0,36	0,77	0,71
Quick Ratio	0,42	0,36	0,77	0,71
Equity Ratio	−0,02	0,06	0,07	0,11
Gross Profit Margin	59,24 %	51,19 %	39,35 %	95,8 %