AVINCIS AVIATION SERVICES NORWAY AS

9008 TROMSØ

Finances

Share Ownership

Return on Equity

67,09 %

Current Ratio

0,01

Debt-to-Equity Ratio

−13,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 779 000	0	0	0
Net Income	−4 721 000	−1 132 000	−1 207 000	−6 000
Total Assets	95 344 000	60 414 000	6 158 000	28 000
Total Equity	−7 037 000	−2 316 000	−1 189 000	18 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 779 000	0	0	0
Expenditure	3 956 000	1 085 000	1 200 000	6 000
Operating Profit	−1 177 000	−1 085 000	−1 200 000	−6 000
Financial Income	0	0	0	0
Financial Costs	3 544 000	47 000	7 000	0
Financial Balance	−3 544 000	−47 000	−7 000	0
Earnings Before Tax	−4 721 000	−1 132 000	−1 207 000	−6 000
Tax	0	0	0	0
Net Income	−4 721 000	−1 132 000	−1 207 000	−6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	95 289 000	47 969 000	5 515 000	0
Total Current Assets	55 000	12 445 000	643 000	28 000
Total Assets	95 344 000	60 414 000	6 158 000	28 000
Total Retained Equity	−7 067 000	−2 346 000	−1 219 000	−6 000
Total Equity	−7 037 000	−2 316 000	−1 189 000	18 000
Total Long-Term Debt	91 920 000	0	0	0
Total Current Debt	10 461 000	62 729 000	7 347 000	10 000
Total Equity and Debt	95 344 000	60 414 000	6 158 000	28 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 000	0	0	0
Other Income	2 770 000	0	0	0
Revenue	2 779 000	0	0	0
Cost of Goods Sold	41 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	599 000	0	0	0
Impairment	0	0	0	0
Expenditure	3 956 000	1 085 000	1 200 000	6 000
Operating Profit	−1 177 000	−1 085 000	−1 200 000	−6 000
Financial Income	0	0	0	0
Financial Costs	3 544 000	47 000	7 000	0
Financial Balance	−3 544 000	−47 000	−7 000	0
Dividends	0	0	0	0
Net Income	−4 721 000	−1 132 000	−1 207 000	−6 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	95 289 000	47 969 000	5 515 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	95 289 000	47 969 000	5 515 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	95 289 000	47 969 000	5 515 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 000	18 000	43 000	28 000
Total Current Assets	55 000	12 445 000	643 000	28 000
Total Assets	95 344 000	60 414 000	6 158 000	28 000
Total Equity	−7 037 000	−2 316 000	−1 189 000	18 000
Short-Term Group Debt	4 482 000	47 758 000	0	0
Total Long-Term Debt	91 920 000	0	0	0
Creditors	4 595 000	14 930 000	1 590 000	0
Unpaid Taxes	67 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 317 000	41 000	5 757 000	10 000
Total Current Debt	10 461 000	62 729 000	7 347 000	10 000
Total Equity and Debt	95 344 000	60 414 000	6 158 000	28 000

Financial indicators	2022	2021	2020	2019
Return on Equity	67,09 %	48,88 %	101,51 %	−33,33 %
Debt-to-Equity Ratio	−13,06	−0	−0	0
Operating Profit Margin	−42,35 %	-	-	-
Current Ratio	0,01	0,2	0,09	2,8
Quick Ratio	0,01	0,2	0,09	2,8
Equity Ratio	−0,07	−0,04	−0,19	0,64
Gross Profit Margin	98,52 %	-	-	-