EUROPEAN HELICOPTER CENTER AS

3241 SANDEFJORD

Finances

Share Ownership

Return on Equity

149,31 %

Current Ratio

0,72

Debt-to-Equity Ratio

−17,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	41 440 000	40 270 000	38 284 000	40 317 000
Net Income	−2 056 000	−2 509 000	9 000	1 332 000
Total Assets	33 398 000	31 484 000	23 230 000	23 715 000
Total Equity	−1 377 000	679 000	3 188 000	3 178 000

Income (NOK)	2022	2021	2020	2019
Revenue	41 440 000	40 270 000	38 284 000	40 317 000
Expenditure	42 510 000	41 915 000	38 024 000	38 658 000
Operating Profit	−1 070 000	−1 644 000	260 000	1 659 000
Financial Income	10 000	14 000	6 000	14 000
Financial Costs	997 000	878 000	256 000	341 000
Financial Balance	−987 000	−864 000	−250 000	−327 000
Earnings Before Tax	−2 056 000	−2 509 000	9 000	1 332 000
Tax	0	0	0	0
Net Income	−2 056 000	−2 509 000	9 000	1 332 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 508 000	23 537 000	10 740 000	15 689 000
Total Current Assets	7 890 000	7 947 000	12 490 000	8 026 000
Total Assets	33 398 000	31 484 000	23 230 000	23 715 000
Total Retained Equity	−4 077 000	−2 021 000	488 000	478 000
Total Equity	−1 377 000	679 000	3 188 000	3 178 000
Total Long-Term Debt	23 802 000	19 501 000	7 240 000	6 291 000
Total Current Debt	10 974 000	11 303 000	12 802 000	14 246 000
Total Equity and Debt	33 398 000	31 484 000	23 230 000	23 715 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	39 306 000	37 925 000	35 604 000	36 745 000
Other Income	2 134 000	2 345 000	2 679 000	3 572 000
Revenue	41 440 000	40 270 000	38 284 000	40 317 000
Cost of Goods Sold	19 720 000	18 902 000	15 152 000	16 762 000
Salary Costs	9 604 000	9 186 000	8 908 000	7 560 000
Depreciation	4 435 000	4 944 000	4 813 000	4 117 000
Impairment	0	0	0	0
Expenditure	42 510 000	41 915 000	38 024 000	38 658 000
Operating Profit	−1 070 000	−1 644 000	260 000	1 659 000
Financial Income	10 000	14 000	6 000	14 000
Financial Costs	997 000	878 000	256 000	341 000
Financial Balance	−987 000	−864 000	−250 000	−327 000
Dividends	0	0	0	0
Net Income	−2 056 000	−2 509 000	9 000	1 332 000

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	383 000	599 000	862 000	907 000
Total Tangible Assets	25 508 000	23 537 000	10 740 000	15 689 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	25 508 000	23 537 000	10 740 000	15 689 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 591 000	5 161 000	9 104 000	5 258 000
Total Current Assets	7 890 000	7 947 000	12 490 000	8 026 000
Total Assets	33 398 000	31 484 000	23 230 000	23 715 000
Total Equity	−1 377 000	679 000	3 188 000	3 178 000
Short-Term Group Debt	0	2 275 000	0	0
Total Long-Term Debt	23 802 000	19 501 000	7 240 000	6 291 000
Creditors	924 000	837 000	883 000	2 080 000
Unpaid Taxes	452 000	477 000	522 000	423 000
Dividends	0	0	0	0
Other Current Debt	9 597 000	7 714 000	11 396 000	11 743 000
Total Current Debt	10 974 000	11 303 000	12 802 000	14 246 000
Total Equity and Debt	33 398 000	31 484 000	23 230 000	23 715 000

Financial indicators	2022	2021	2020	2019
Return on Equity	149,31 %	−369,51 %	0,28 %	41,91 %
Debt-to-Equity Ratio	−17,29	28,72	2,27	1,98
Operating Profit Margin	−2,58 %	−4,08 %	0,68 %	4,11 %
Current Ratio	0,72	0,7	0,98	0,56
Quick Ratio	0,72	0,7	0,98	0,56
Equity Ratio	−0,04	0,02	0,14	0,13
Gross Profit Margin	52,41 %	53,06 %	60,42 %	58,42 %