MARTINSEN AVIATION AS

3086 HOLMESTRAND

Finances

Share Ownership

Return on Equity

−13,33 %

Current Ratio

0,99

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	675 000	600 000	564 000	301 000
Net Income	−2 000	−12 000	−20 000	26 000
Total Assets	108 000	93 000	98 000	94 000
Total Equity	15 000	17 000	29 000	48 000

Income (NOK)	2022	2021	2020	2019
Revenue	675 000	600 000	564 000	301 000
Expenditure	677 000	601 000	590 000	269 000
Operating Profit	−2 000	−1 000	−25 000	32 000
Financial Income	7 000	2 000	6 000	1 000
Financial Costs	6 000	7 000	7 000	1 000
Financial Balance	1 000	−5 000	−1 000	0
Earnings Before Tax	−2 000	−7 000	−27 000	33 000
Tax	0	6 000	−7 000	7 000
Net Income	−2 000	−12 000	−20 000	26 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 000	0	0	0
Total Current Assets	92 000	93 000	98 000	94 000
Total Assets	108 000	93 000	98 000	94 000
Total Retained Equity	−15 000	−6 000	6 000	26 000
Total Equity	15 000	17 000	29 000	48 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	93 000	76 000	69 000	46 000
Total Equity and Debt	108 000	93 000	98 000	94 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	675 000	600 000	564 000	301 000
Other Income	0	0	0	0
Revenue	675 000	600 000	564 000	301 000
Cost of Goods Sold	0	0	0	0
Salary Costs	507 000	448 000	442 000	186 000
Depreciation	1 000	0	0	0
Impairment	0	0	0	0
Expenditure	677 000	601 000	590 000	269 000
Operating Profit	−2 000	−1 000	−25 000	32 000
Financial Income	7 000	2 000	6 000	1 000
Financial Costs	6 000	7 000	7 000	1 000
Financial Balance	1 000	−5 000	−1 000	0
Dividends	0	0	0	0
Net Income	−2 000	−12 000	−20 000	26 000

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	0	0	0	0
Fixtures	16 000	0	0	0
Total Tangible Assets	16 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	16 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	77 000	40 000	44 000	35 000
Total Current Assets	92 000	93 000	98 000	94 000
Total Assets	108 000	93 000	98 000	94 000
Total Equity	15 000	17 000	29 000	48 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	2 000	0
Unpaid Taxes	29 000	21 000	24 000	15 000
Dividends	0	0	0	0
Other Current Debt	59 000	50 000	49 000	23 000
Total Current Debt	93 000	76 000	69 000	46 000
Total Equity and Debt	108 000	93 000	98 000	94 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,33 %	−70,59 %	−68,97 %	54,17 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−0,3 %	−0,17 %	−4,43 %	10,63 %
Current Ratio	0,99	1,22	1,42	2,04
Quick Ratio	0,99	1,22	1,42	2,04
Equity Ratio	0,14	0,18	0,3	0,51
Gross Profit Margin	100 %	100 %	100 %	100 %