SCANDINAVIAN AVIONICS NORWAY DIVISION

2030 NANNESTAD

Finances

Share Ownership

Return on Equity

−95,31 %

Current Ratio

0,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 508 000	11 642 000	14 617 000	14 440 000
Net Income	−894 000	830 000	137 000	316 000
Total Assets	5 390 000	4 681 000	5 800 000	6 927 000
Total Equity	938 000	1 832 000	1 002 000	865 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 508 000	11 642 000	14 617 000	14 440 000
Expenditure	13 909 000	10 543 000	13 667 000	13 834 000
Operating Profit	−1 401 000	1 097 000	949 000	607 000
Financial Income	168 000	181 000	226 000	117 000
Financial Costs	162 000	310 000	835 000	354 000
Financial Balance	6 000	−129 000	−609 000	−237 000
Earnings Before Tax	−1 395 000	969 000	341 000	371 000
Tax	−501 000	139 000	204 000	55 000
Net Income	−894 000	830 000	137 000	316 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 845 000	1 328 000	1 566 000	1 965 000
Total Current Assets	3 545 000	3 353 000	4 233 000	4 963 000
Total Assets	5 390 000	4 681 000	5 800 000	6 927 000
Total Retained Equity	0	0	0	0
Total Equity	938 000	1 832 000	1 002 000	865 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 453 000	2 849 000	4 798 000	6 063 000
Total Equity and Debt	5 390 000	4 681 000	5 800 000	6 927 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 508 000	11 642 000	14 548 000	14 377 000
Other Income	0	0	69 000	63 000
Revenue	12 508 000	11 642 000	14 617 000	14 440 000
Cost of Goods Sold	7 303 000	4 342 000	7 025 000	6 965 000
Salary Costs	4 029 000	3 451 000	3 529 000	3 337 000
Depreciation	305 000	290 000	398 000	336 000
Impairment	0	0	0	0
Expenditure	13 909 000	10 543 000	13 667 000	13 834 000
Operating Profit	−1 401 000	1 097 000	949 000	607 000
Financial Income	168 000	181 000	226 000	117 000
Financial Costs	162 000	310 000	835 000	354 000
Financial Balance	6 000	−129 000	−609 000	−237 000
Dividends	0	0	0	0
Net Income	−894 000	830 000	137 000	316 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	501 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 344 000	1 328 000	1 566 000	1 965 000
Total Tangible Assets	1 344 000	1 328 000	1 566 000	1 965 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 845 000	1 328 000	1 566 000	1 965 000
Stock	1 064 000	1 435 000	1 306 000	1 613 000
Total Investments	0	0	0	0
Cash, Bank	468 000	394 000	1 500 000	1 026 000
Total Current Assets	3 545 000	3 353 000	4 233 000	4 963 000
Total Assets	5 390 000	4 681 000	5 800 000	6 927 000
Total Equity	938 000	1 832 000	1 002 000	865 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	695 000	573 000	651 000	207 000
Unpaid Taxes	115 000	135 000	457 000	144 000
Dividends	0	0	0	0
Other Current Debt	3 644 000	2 002 000	3 486 000	5 655 000
Total Current Debt	4 453 000	2 849 000	4 798 000	6 063 000
Total Equity and Debt	5 390 000	4 681 000	5 800 000	6 927 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−95,31 %	45,31 %	13,67 %	36,53 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−11,2 %	9,42 %	6,49 %	4,2 %
Current Ratio	0,8	1,18	0,88	0,82
Quick Ratio	1,05	2,37	1,21	1,12
Equity Ratio	0,17	0,39	0,17	0,12
Gross Profit Margin	41,61 %	62,7 %	51,94 %	51,77 %