ELECTRIC AIRCRAFT PROPULSION AS

4313 SANDNES

Finances

Share Ownership

Return on Equity

−3,31 %

Current Ratio

9,5

Debt-to-Equity Ratio

1,11

Key figures (NOK)	2022	2021	2020
Revenue	125 000	181 000	0
Net Income	−12 000	8 000	−14 000
Total Assets	769 000	671 000	66 000
Total Equity	363 000	75 000	16 000

Income (NOK)	2022	2021	2020
Revenue	125 000	181 000	0
Expenditure	141 000	171 000	20 000
Operating Profit	−15 000	11 000	−20 000
Financial Income	0	0	3 000
Financial Costs	0	0	0
Financial Balance	0	0	3 000
Earnings Before Tax	−15 000	11 000	−18 000
Tax	−3 000	2 000	−4 000
Net Income	−12 000	8 000	−14 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	731 000	465 000	40 000
Total Current Assets	38 000	206 000	27 000
Total Assets	769 000	671 000	66 000
Total Retained Equity	−17 000	−5 000	−14 000
Total Equity	363 000	75 000	16 000
Total Long-Term Debt	403 000	0	0
Total Current Debt	4 000	596 000	50 000
Total Equity and Debt	769 000	671 000	66 000

Cash flow (NOK)	2022	2021	2020
Sales Income	125 000	181 000	0
Other Income	0	0	0
Revenue	125 000	181 000	0
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	47 000	48 000	0
Impairment	0	0	0
Expenditure	141 000	171 000	20 000
Operating Profit	−15 000	11 000	−20 000
Financial Income	0	0	3 000
Financial Costs	0	0	0
Financial Balance	0	0	3 000
Dividends	0	0	0
Net Income	−12 000	8 000	−14 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	58 000	1 000	4 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	36 000
Fixtures	222 000	36 000	0
Total Tangible Assets	673 000	463 000	36 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	731 000	465 000	40 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	21 000	176 000	27 000
Total Current Assets	38 000	206 000	27 000
Total Assets	769 000	671 000	66 000
Total Equity	363 000	75 000	16 000
Short-Term Group Debt	0	0	50 000
Total Long-Term Debt	403 000	0	0
Creditors	0	68 000	0
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	4 000	528 000	0
Total Current Debt	4 000	596 000	50 000
Total Equity and Debt	769 000	671 000	66 000

Financial indicators	2022	2021	2020
Return on Equity	−3,31 %	10,67 %	−87,5 %
Debt-to-Equity Ratio	1,11	0	0
Operating Profit Margin	−12 %	6,08 %	-
Current Ratio	9,5	0,35	0,54
Quick Ratio	9,5	0,35	0,54
Equity Ratio	0,47	0,11	0,24
Gross Profit Margin	100 %	100 %	-