NORDIC FLIGHT SERVICE AS

2030 NANNESTAD

Finances

Share Ownership

Return on Equity

12,85 %

Current Ratio

2,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 696 000	675 000	1 998 000	4 995 000
Net Income	152 000	−60 000	25 000	571 000
Total Assets	2 062 000	1 332 000	1 269 000	1 967 000
Total Equity	1 183 000	1 031 000	1 091 000	1 066 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 696 000	675 000	1 998 000	4 995 000
Expenditure	3 502 000	751 000	1 977 000	4 269 000
Operating Profit	194 000	−76 000	21 000	726 000
Financial Income	1 000	1 000	12 000	7 000
Financial Costs	0	2 000	0	1 000
Financial Balance	1 000	−1 000	12 000	6 000
Earnings Before Tax	195 000	−78 000	33 000	732 000
Tax	43 000	−17 000	7 000	161 000
Net Income	152 000	−60 000	25 000	571 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	116 000	163 000	208 000	263 000
Total Current Assets	1 946 000	1 169 000	1 061 000	1 704 000
Total Assets	2 062 000	1 332 000	1 269 000	1 967 000
Total Retained Equity	1 153 000	1 001 000	1 061 000	1 036 000
Total Equity	1 183 000	1 031 000	1 091 000	1 066 000
Total Long-Term Debt	0	0	0	1 000
Total Current Debt	879 000	301 000	178 000	900 000
Total Equity and Debt	2 062 000	1 332 000	1 269 000	1 967 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 696 000	444 000	1 780 000	4 995 000
Other Income	0	232 000	218 000	0
Revenue	3 696 000	675 000	1 998 000	4 995 000
Cost of Goods Sold	0	0	0	142 000
Salary Costs	2 603 000	184 000	968 000	3 384 000
Depreciation	44 000	62 000	82 000	93 000
Impairment	0	0	0	0
Expenditure	3 502 000	751 000	1 977 000	4 269 000
Operating Profit	194 000	−76 000	21 000	726 000
Financial Income	1 000	1 000	12 000	7 000
Financial Costs	0	2 000	0	1 000
Financial Balance	1 000	−1 000	12 000	6 000
Dividends	0	0	0	0
Net Income	152 000	−60 000	25 000	571 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	18 000	20 000	3 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	30 000	74 000	132 000	0
Fixtures	0	0	4 000	218 000
Total Tangible Assets	30 000	74 000	136 000	218 000
Total Fiancial Fixed Assets	69 000	69 000	69 000	45 000
Total Fixed Assets	116 000	163 000	208 000	263 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	896 000	316 000	642 000	879 000
Total Current Assets	1 946 000	1 169 000	1 061 000	1 704 000
Total Assets	2 062 000	1 332 000	1 269 000	1 967 000
Total Equity	1 183 000	1 031 000	1 091 000	1 066 000
Short-Term Group Debt	0	0	0	254 000
Total Long-Term Debt	0	0	0	1 000
Creditors	382 000	263 000	12 000	0
Unpaid Taxes	222 000	24 000	38 000	171 000
Dividends	0	0	0	0
Other Current Debt	235 000	14 000	116 000	305 000
Total Current Debt	879 000	301 000	178 000	900 000
Total Equity and Debt	2 062 000	1 332 000	1 269 000	1 967 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,85 %	−5,82 %	2,29 %	53,56 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,25 %	−11,26 %	1,05 %	14,53 %
Current Ratio	2,21	3,88	5,96	1,89
Quick Ratio	2,21	3,88	5,96	1,89
Equity Ratio	0,57	0,77	0,86	0,54
Gross Profit Margin	100 %	100 %	100 %	97,16 %