NORWEGIAN AVIATION & DEFENSE SERVICE AND SUPPORT CENTER AS

4055 SOLA

Finances

Share Ownership

Return on Equity

57,83 %

Current Ratio

3,32

Debt-to-Equity Ratio

−1,15

Key figures (NOK)	2022	2021	2020
Revenue	60 000	1 000	0
Net Income	−3 458 000	−2 534 000	−13 000
Total Assets	1 217 000	451 000	17 000
Total Equity	−5 980 000	−2 522 000	12 000

Income (NOK)	2022	2021	2020
Revenue	60 000	1 000	0
Expenditure	3 517 000	2 535 000	13 000
Operating Profit	−3 457 000	−2 534 000	−13 000
Financial Income	0	0	0
Financial Costs	1 000	0	0
Financial Balance	−1 000	0	0
Earnings Before Tax	−3 458 000	−2 534 000	−13 000
Tax	0	0	0
Net Income	−3 458 000	−2 534 000	−13 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	62 000	68 000	0
Total Current Assets	1 155 000	383 000	17 000
Total Assets	1 217 000	451 000	17 000
Total Retained Equity	−6 010 000	−2 552 000	−18 000
Total Equity	−5 980 000	−2 522 000	12 000
Total Long-Term Debt	6 849 000	0	0
Total Current Debt	348 000	2 973 000	6 000
Total Equity and Debt	1 217 000	451 000	17 000

Cash flow (NOK)	2022	2021	2020
Sales Income	60 000	1 000	0
Other Income	0	0	0
Revenue	60 000	1 000	0
Cost of Goods Sold	0	0	0
Salary Costs	2 253 000	1 685 000	0
Depreciation	24 000	10 000	0
Impairment	0	0	0
Expenditure	3 517 000	2 535 000	13 000
Operating Profit	−3 457 000	−2 534 000	−13 000
Financial Income	0	0	0
Financial Costs	1 000	0	0
Financial Balance	−1 000	0	0
Dividends	0	0	0
Net Income	−3 458 000	−2 534 000	−13 000

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	62 000	68 000	0
Total Tangible Assets	62 000	68 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	62 000	68 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	547 000	250 000	17 000
Total Current Assets	1 155 000	383 000	17 000
Total Assets	1 217 000	451 000	17 000
Total Equity	−5 980 000	−2 522 000	12 000
Short-Term Group Debt	0	2 662 000	0
Total Long-Term Debt	6 849 000	0	0
Creditors	17 000	47 000	0
Unpaid Taxes	111 000	114 000	0
Dividends	0	0	0
Other Current Debt	220 000	150 000	6 000
Total Current Debt	348 000	2 973 000	6 000
Total Equity and Debt	1 217 000	451 000	17 000

Financial indicators	2022	2021	2020
Return on Equity	57,83 %	100,48 %	−108,33 %
Debt-to-Equity Ratio	−1,15	−0	0
Operating Profit Margin	−5 761,67 %	−253 400 %	-
Current Ratio	3,32	0,13	2,83
Quick Ratio	3,32	0,13	2,83
Equity Ratio	−4,91	−5,59	0,71
Gross Profit Margin	100 %	100 %	-