SUNCLASS AIRLINES

2060 GARDERMOEN

Finances

Share Ownership

Return on Equity

46,58 %

Current Ratio

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020
Revenue	0	0	0
Net Income	−79 765 000	−36 199 000	−55 279 000
Total Assets	445 000	365 000	373 000
Total Equity	−171 243 000	−91 478 000	−55 279 000

Income (NOK)	2022	2021	2020
Revenue	0	0	0
Expenditure	79 765 000	36 199 000	55 279 000
Operating Profit	−79 765 000	−36 199 000	−55 279 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Earnings Before Tax	−79 765 000	−36 199 000	−55 279 000
Tax	0	0	0
Net Income	−79 765 000	−36 199 000	−55 279 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	445 000	365 000	373 000
Total Assets	445 000	365 000	373 000
Total Retained Equity	−171 243 000	−91 478 000	−55 279 000
Total Equity	−171 243 000	−91 478 000	−55 279 000
Total Long-Term Debt	0	0	0
Total Current Debt	171 688 000	91 843 000	55 652 000
Total Equity and Debt	445 000	365 000	373 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	0	0	0
Revenue	0	0	0
Cost of Goods Sold	0	0	0
Salary Costs	79 765 000	36 199 000	55 279 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	79 765 000	36 199 000	55 279 000
Operating Profit	−79 765 000	−36 199 000	−55 279 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Dividends	0	0	0
Net Income	−79 765 000	−36 199 000	−55 279 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	445 000	365 000	373 000
Total Assets	445 000	365 000	373 000
Total Equity	−171 243 000	−91 478 000	−55 279 000
Short-Term Group Debt	162 642 000	88 107 000	55 652 000
Total Long-Term Debt	0	0	0
Creditors	0	0	0
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	9 047 000	3 736 000	0
Total Current Debt	171 688 000	91 843 000	55 652 000
Total Equity and Debt	445 000	365 000	373 000

Financial indicators	2022	2021	2020
Return on Equity	46,58 %	39,57 %	100 %
Debt-to-Equity Ratio	−0	−0	−0
Operating Profit Margin	-	-	-
Current Ratio	0	0	0,01
Quick Ratio	0	0	0,01
Equity Ratio	−384,82	−250,62	−148,2
Gross Profit Margin	-	-	-