PILOT FLIGHT ACADEMY AS

3241 SANDEFJORD

Finances

Share Ownership

Return on Equity

66,95 %

Current Ratio

0,23

Debt-to-Equity Ratio

−0,58

Key figures (NOK)	2022	2021	2020	2019
Revenue	117 169 000	122 228 000	101 093 000	106 599 000
Net Income	−40 290 000	−54 985 000	−35 575 000	−28 293 000
Total Assets	28 732 000	68 359 000	119 127 000	65 526 000
Total Equity	−60 175 000	−39 075 000	15 910 000	910 000

Income (NOK)	2022	2021	2020	2019
Revenue	117 169 000	122 228 000	101 093 000	106 599 000
Expenditure	157 265 000	178 297 000	138 299 000	137 146 000
Operating Profit	−40 095 000	−56 070 000	−37 205 000	−30 547 000
Financial Income	1 111 000	2 117 000	1 011 000	146 000
Financial Costs	1 306 000	1 032 000	566 000	647 000
Financial Balance	−195 000	1 085 000	445 000	−501 000
Earnings Before Tax	−40 290 000	−54 985 000	−36 759 000	−31 049 000
Tax	0	0	−1 184 000	−2 756 000
Net Income	−40 290 000	−54 985 000	−35 575 000	−28 293 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 137 000	58 572 000	97 969 000	31 229 000
Total Current Assets	12 595 000	9 787 000	21 158 000	34 297 000
Total Assets	28 732 000	68 359 000	119 127 000	65 526 000
Total Retained Equity	−95 276 000	−54 985 000	0	0
Total Equity	−60 175 000	−39 075 000	15 910 000	910 000
Total Long-Term Debt	35 154 000	8 864 000	10 109 000	17 281 000
Total Current Debt	53 753 000	98 571 000	93 108 000	47 335 000
Total Equity and Debt	28 732 000	68 359 000	119 127 000	65 526 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	110 259 000	118 635 000	100 148 000	105 305 000
Other Income	6 910 000	3 593 000	945 000	1 294 000
Revenue	117 169 000	122 228 000	101 093 000	106 599 000
Cost of Goods Sold	53 018 000	56 994 000	29 839 000	35 864 000
Salary Costs	67 779 000	69 628 000	62 342 000	62 485 000
Depreciation	4 764 000	5 666 000	5 792 000	4 565 000
Impairment	13 000	3 972 000	0	0
Expenditure	157 265 000	178 297 000	138 299 000	137 146 000
Operating Profit	−40 095 000	−56 070 000	−37 205 000	−30 547 000
Financial Income	1 111 000	2 117 000	1 011 000	146 000
Financial Costs	1 306 000	1 032 000	566 000	647 000
Financial Balance	−195 000	1 085 000	445 000	−501 000
Dividends	0	0	0	0
Net Income	−40 290 000	−54 985 000	−35 575 000	−28 293 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	106 000	340 000	1 936 000	2 124 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	14 988 000	19 656 000	27 619 000	29 058 000
Total Tangible Assets	14 988 000	19 656 000	27 619 000	29 058 000
Total Fiancial Fixed Assets	1 042 000	38 576 000	68 414 000	46 000
Total Fixed Assets	16 137 000	58 572 000	97 969 000	31 229 000
Stock	259 000	286 000	100 000	151 000
Total Investments	0	0	0	0
Cash, Bank	5 904 000	2 752 000	12 727 000	5 896 000
Total Current Assets	12 595 000	9 787 000	21 158 000	34 297 000
Total Assets	28 732 000	68 359 000	119 127 000	65 526 000
Total Equity	−60 175 000	−39 075 000	15 910 000	910 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	35 154 000	8 864 000	10 109 000	17 281 000
Creditors	5 890 000	7 143 000	10 081 000	8 491 000
Unpaid Taxes	4 416 000	4 999 000	4 643 000	4 598 000
Dividends	0	0	0	0
Other Current Debt	43 447 000	84 357 000	78 383 000	34 246 000
Total Current Debt	53 753 000	98 571 000	93 108 000	47 335 000
Total Equity and Debt	28 732 000	68 359 000	119 127 000	65 526 000

Financial indicators	2022	2021	2020	2019
Return on Equity	66,95 %	140,72 %	−223,6 %	−3 109,12 %
Debt-to-Equity Ratio	−0,58	−0,23	0,64	18,99
Operating Profit Margin	−34,22 %	−45,87 %	−36,8 %	−28,66 %
Current Ratio	0,23	0,1	0,23	0,72
Quick Ratio	0,24	0,1	0,23	0,73
Equity Ratio	−2,09	−0,57	0,13	0,01
Gross Profit Margin	54,75 %	53,37 %	70,48 %	66,36 %