TITAN AIRSERVICE AS

0373 OSLO

Finances

Share Ownership

Return on Equity

−46,39 %

Current Ratio

3,29

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 454 000	24 460 000	26 962 000	43 879 000
Net Income	−1 454 000	235 000	218 000	861 000
Total Assets	4 502 000	5 864 000	5 557 000	12 996 000
Total Equity	3 134 000	4 588 000	4 552 000	4 635 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 454 000	24 460 000	26 962 000	43 879 000
Expenditure	17 006 000	24 128 000	26 938 000	42 766 000
Operating Profit	−1 553 000	332 000	25 000	1 112 000
Financial Income	451 000	308 000	1 024 000	145 000
Financial Costs	332 000	322 000	747 000	133 000
Financial Balance	119 000	−14 000	277 000	12 000
Earnings Before Tax	−1 434 000	318 000	302 000	1 123 000
Tax	20 000	83 000	84 000	262 000
Net Income	−1 454 000	235 000	218 000	861 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	20 000	20 000	20 000
Total Current Assets	4 502 000	5 844 000	5 537 000	12 976 000
Total Assets	4 502 000	5 864 000	5 557 000	12 996 000
Total Retained Equity	3 034 000	4 488 000	4 452 000	4 535 000
Total Equity	3 134 000	4 588 000	4 552 000	4 635 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 368 000	1 276 000	1 004 000	8 362 000
Total Equity and Debt	4 502 000	5 864 000	5 557 000	12 996 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 454 000	23 927 000	26 860 000	43 879 000
Other Income	0	533 000	102 000	0
Revenue	15 454 000	24 460 000	26 962 000	43 879 000
Cost of Goods Sold	14 473 000	21 331 000	24 320 000	39 877 000
Salary Costs	1 978 000	2 164 000	1 926 000	1 982 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	17 006 000	24 128 000	26 938 000	42 766 000
Operating Profit	−1 553 000	332 000	25 000	1 112 000
Financial Income	451 000	308 000	1 024 000	145 000
Financial Costs	332 000	322 000	747 000	133 000
Financial Balance	119 000	−14 000	277 000	12 000
Dividends	0	0	0	0
Net Income	−1 454 000	235 000	218 000	861 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	20 000	20 000	20 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	20 000	20 000	20 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 427 000	2 864 000	4 497 000	4 025 000
Total Current Assets	4 502 000	5 844 000	5 537 000	12 976 000
Total Assets	4 502 000	5 864 000	5 557 000	12 996 000
Total Equity	3 134 000	4 588 000	4 552 000	4 635 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 027 000	264 000	429 000	7 700 000
Unpaid Taxes	119 000	88 000	136 000	196 000
Dividends	0	0	0	0
Other Current Debt	223 000	842 000	355 000	203 000
Total Current Debt	1 368 000	1 276 000	1 004 000	8 362 000
Total Equity and Debt	4 502 000	5 864 000	5 557 000	12 996 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−46,39 %	5,12 %	4,79 %	18,58 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−10,05 %	1,36 %	0,09 %	2,53 %
Current Ratio	3,29	4,58	5,51	1,55
Quick Ratio	3,29	4,58	5,51	1,55
Equity Ratio	0,7	0,78	0,82	0,36
Gross Profit Margin	6,35 %	12,79 %	9,8 %	9,12 %