AVINCIS AVIATION ENGINEERING NORWAY AS

9008 TROMSØ

Finances

Share Ownership

Return on Equity

13,06 %

Current Ratio

0,2

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	41 478 000	15 192 000	2 475 000	0
Net Income	−3 646 000	−14 277 000	−10 010 000	−6 000
Total Assets	30 925 000	23 826 000	8 951 000	287 000
Total Equity	−27 915 000	−24 269 000	−9 992 000	18 000

Income (NOK)	2022	2021	2020	2019
Revenue	41 478 000	15 192 000	2 475 000	0
Expenditure	44 985 000	29 561 000	12 288 000	6 000
Operating Profit	−3 508 000	−14 368 000	−9 813 000	−6 000
Financial Income	138 000	167 000	17 000	0
Financial Costs	277 000	76 000	213 000	0
Financial Balance	−139 000	91 000	−196 000	0
Earnings Before Tax	−3 646 000	−14 277 000	−10 010 000	−6 000
Tax	0	0	0	0
Net Income	−3 646 000	−14 277 000	−10 010 000	−6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 325 000	10 088 000	8 193 000	0
Total Current Assets	11 600 000	13 738 000	758 000	287 000
Total Assets	30 925 000	23 826 000	8 951 000	287 000
Total Retained Equity	−27 945 000	−24 299 000	−10 022 000	−6 000
Total Equity	−27 915 000	−24 269 000	−9 992 000	18 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	58 840 000	48 095 000	18 942 000	268 000
Total Equity and Debt	30 925 000	23 826 000	8 951 000	287 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	41 478 000	15 192 000	2 475 000	0
Other Income	0	0	0	0
Revenue	41 478 000	15 192 000	2 475 000	0
Cost of Goods Sold	5 495 000	4 822 000	4 165 000	0
Salary Costs	29 147 000	20 307 000	3 266 000	0
Depreciation	1 556 000	1 113 000	622 000	0
Impairment	0	0	0	0
Expenditure	44 985 000	29 561 000	12 288 000	6 000
Operating Profit	−3 508 000	−14 368 000	−9 813 000	−6 000
Financial Income	138 000	167 000	17 000	0
Financial Costs	277 000	76 000	213 000	0
Financial Balance	−139 000	91 000	−196 000	0
Dividends	0	0	0	0
Net Income	−3 646 000	−14 277 000	−10 010 000	−6 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	881 000	806 000	895 000	0
Fixtures	6 692 000	2 813 000	2 532 000	0
Total Tangible Assets	19 325 000	10 088 000	8 193 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	19 325 000	10 088 000	8 193 000	0
Stock	4 811 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 011 000	544 000	0	28 000
Total Current Assets	11 600 000	13 738 000	758 000	287 000
Total Assets	30 925 000	23 826 000	8 951 000	287 000
Total Equity	−27 915 000	−24 269 000	−9 992 000	18 000
Short-Term Group Debt	50 452 000	43 707 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	233 000	1 434 000	209 000	0
Unpaid Taxes	1 203 000	635 000	1 342 000	0
Dividends	0	0	0	0
Other Current Debt	6 952 000	2 319 000	17 291 000	268 000
Total Current Debt	58 840 000	48 095 000	18 942 000	268 000
Total Equity and Debt	30 925 000	23 826 000	8 951 000	287 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,06 %	58,83 %	100,18 %	−33,33 %
Debt-to-Equity Ratio	−0	−0	−0	0
Operating Profit Margin	−8,46 %	−94,58 %	−396,48 %	-
Current Ratio	0,2	0,29	0,04	1,07
Quick Ratio	0,21	0,29	0,04	1,07
Equity Ratio	−0,9	−1,02	−1,12	0,06
Gross Profit Margin	86,75 %	68,26 %	−68,28 %	-