VOLO AS

7026 TRONDHEIM

Finances

Share Ownership

Return on Equity

59,55 %

Current Ratio

1,37

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 523 000	3 104 000	2 347 000	3 847 000
Net Income	399 000	865 000	−101 000	−156 000
Total Assets	2 497 000	2 156 000	952 000	1 282 000
Total Equity	670 000	871 000	605 000	607 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 523 000	3 104 000	2 347 000	3 847 000
Expenditure	3 879 000	1 993 000	2 464 000	4 033 000
Operating Profit	515 000	1 112 000	−117 000	−186 000
Financial Income	0	0	0	0
Financial Costs	4 000	1 000	14 000	15 000
Financial Balance	−4 000	−1 000	−14 000	−15 000
Earnings Before Tax	511 000	1 111 000	−130 000	−200 000
Tax	113 000	246 000	−29 000	−44 000
Net Income	399 000	865 000	−101 000	−156 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	181 000	152 000
Total Current Assets	2 497 000	2 156 000	771 000	1 130 000
Total Assets	2 497 000	2 156 000	952 000	1 282 000
Total Retained Equity	470 000	671 000	405 000	507 000
Total Equity	670 000	871 000	605 000	607 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 827 000	1 285 000	347 000	675 000
Total Equity and Debt	2 497 000	2 156 000	952 000	1 282 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 523 000	3 108 000	2 329 000	3 847 000
Other Income	0	−4 000	18 000	0
Revenue	4 523 000	3 104 000	2 347 000	3 847 000
Cost of Goods Sold	1 511 000	800 000	696 000	1 355 000
Salary Costs	1 837 000	819 000	1 282 000	1 874 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 879 000	1 993 000	2 464 000	4 033 000
Operating Profit	515 000	1 112 000	−117 000	−186 000
Financial Income	0	0	0	0
Financial Costs	4 000	1 000	14 000	15 000
Financial Balance	−4 000	−1 000	−14 000	−15 000
Dividends	600 000	600 000	0	0
Net Income	399 000	865 000	−101 000	−156 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	181 000	152 000
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	0	181 000	152 000
Stock	375 000	505 000	213 000	262 000
Total Investments	0	0	0	0
Cash, Bank	1 646 000	1 563 000	428 000	148 000
Total Current Assets	2 497 000	2 156 000	771 000	1 130 000
Total Assets	2 497 000	2 156 000	952 000	1 282 000
Total Equity	670 000	871 000	605 000	607 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	659 000	408 000	71 000	249 000
Unpaid Taxes	288 000	142 000	184 000	305 000
Dividends	600 000	600 000	0	0
Other Current Debt	169 000	70 000	92 000	121 000
Total Current Debt	1 827 000	1 285 000	347 000	675 000
Total Equity and Debt	2 497 000	2 156 000	952 000	1 282 000

Financial indicators	2022	2021	2020	2019
Return on Equity	59,55 %	99,31 %	−16,69 %	−25,7 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	11,39 %	35,82 %	−4,99 %	−4,83 %
Current Ratio	1,37	1,68	2,22	1,67
Quick Ratio	1,72	2,76	5,75	2,74
Equity Ratio	0,27	0,4	0,64	0,47
Gross Profit Margin	66,59 %	74,23 %	70,35 %	64,78 %