STIFTELSEN NORSK LUFTFARTSHØYSKOLE

9325 BARDUFOSS

Finances

Share Ownership

Return on Equity

22,57 %

Current Ratio

2,84

Debt-to-Equity Ratio

0,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 372 000	5 453 000	5 487 000	5 771 000
Net Income	1 192 000	1 001 000	1 113 000	89 000
Total Assets	8 717 000	9 797 000	9 806 000	8 797 000
Total Equity	5 281 000	4 089 000	3 088 000	1 975 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 372 000	5 453 000	5 487 000	5 771 000
Expenditure	3 478 000	3 809 000	4 489 000	5 222 000
Operating Profit	1 895 000	1 644 000	998 000	550 000
Financial Income	0	0	1 000	4 000
Financial Costs	142 000	130 000	168 000	230 000
Financial Balance	−142 000	−130 000	−167 000	−226 000
Earnings Before Tax	1 752 000	1 514 000	831 000	323 000
Tax	560 000	513 000	−282 000	234 000
Net Income	1 192 000	1 001 000	1 113 000	89 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 725 000	5 719 000	6 823 000	5 361 000
Total Current Assets	3 992 000	4 078 000	2 983 000	3 435 000
Total Assets	8 717 000	9 797 000	9 806 000	8 797 000
Total Retained Equity	4 581 000	3 389 000	2 388 000	1 275 000
Total Equity	5 281 000	4 089 000	3 088 000	1 975 000
Total Long-Term Debt	2 028 000	4 200 000	5 372 000	5 432 000
Total Current Debt	1 408 000	1 508 000	1 346 000	1 390 000
Total Equity and Debt	8 717 000	9 797 000	9 806 000	8 797 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	115 000	133 000	200 000	1 186 000
Other Income	5 257 000	5 319 000	5 287 000	4 586 000
Revenue	5 372 000	5 453 000	5 487 000	5 771 000
Cost of Goods Sold	0	0	5 000	0
Salary Costs	180 000	185 000	696 000	784 000
Depreciation	1 136 000	1 160 000	1 198 000	1 222 000
Impairment	0	0	0	0
Expenditure	3 478 000	3 809 000	4 489 000	5 222 000
Operating Profit	1 895 000	1 644 000	998 000	550 000
Financial Income	0	0	1 000	4 000
Financial Costs	142 000	130 000	168 000	230 000
Financial Balance	−142 000	−130 000	−167 000	−226 000
Dividends	0	0	0	0
Net Income	1 192 000	1 001 000	1 113 000	89 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 711 000	3 448 000	4 237 000	4 850 000
Machinery and Plant Facilities	0	0	0	18 000
Fixtures	2 014 000	2 271 000	2 586 000	493 000
Total Tangible Assets	4 725 000	5 719 000	6 823 000	5 361 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 725 000	5 719 000	6 823 000	5 361 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 012 000	2 993 000	1 626 000	1 847 000
Total Current Assets	3 992 000	4 078 000	2 983 000	3 435 000
Total Assets	8 717 000	9 797 000	9 806 000	8 797 000
Total Equity	5 281 000	4 089 000	3 088 000	1 975 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 028 000	4 200 000	5 372 000	5 432 000
Creditors	95 000	243 000	456 000	283 000
Unpaid Taxes	38 000	40 000	105 000	99 000
Dividends	0	0	0	0
Other Current Debt	735 000	735 000	784 000	795 000
Total Current Debt	1 408 000	1 508 000	1 346 000	1 390 000
Total Equity and Debt	8 717 000	9 797 000	9 806 000	8 797 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,57 %	24,48 %	36,04 %	4,51 %
Debt-to-Equity Ratio	0,38	1,03	1,74	2,75
Operating Profit Margin	35,28 %	30,15 %	18,19 %	9,53 %
Current Ratio	2,84	2,7	2,22	2,47
Quick Ratio	2,84	2,7	2,22	2,47
Equity Ratio	0,61	0,42	0,31	0,22
Gross Profit Margin	100 %	100 %	99,91 %	100 %