SCANDINAVIAN AEROSPACE ACADEMY AS

3514 HØNEFOSS

Finances

Share Ownership

Return on Equity

−33,14 %

Current Ratio

113,73

Debt-to-Equity Ratio

2,4

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−1 629 000	−53 000	0	0
Total Assets	16 744 000	14 883 000	141 000	149 000
Total Equity	4 915 000	2 044 000	128 000	133 000

Income (NOK)	2022	2021
Revenue	0	0
Expenditure	2 089 000	68 000
Operating Profit	−2 089 000	−68 000
Financial Income	1 000	0
Financial Costs	0	0
Financial Balance	1 000	0
Earnings Before Tax	−2 088 000	−68 000
Tax	−459 000	−15 000
Net Income	−1 629 000	−53 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 195 000	12 321 000	124 000	133 000
Total Current Assets	4 549 000	2 562 000	17 000	17 000
Total Assets	16 744 000	14 883 000	141 000	149 000
Total Retained Equity	−2 202 000	−573 000	−519 000	−514 000
Total Equity	4 915 000	2 044 000	128 000	133 000
Total Long-Term Debt	11 789 000	12 803 000	6 000	8 000
Total Current Debt	40 000	36 000	7 000	9 000
Total Equity and Debt	16 744 000	14 883 000	141 000	149 000

Cash flow (NOK)	2022	2021
Sales Income	0	0
Other Income	0	0
Revenue	0	0
Cost of Goods Sold	0	0
Salary Costs	0	0
Depreciation	1 568 000	0
Impairment	0	0
Expenditure	2 089 000	68 000
Operating Profit	−2 089 000	−68 000
Financial Income	1 000	0
Financial Costs	0	0
Financial Balance	1 000	0
Dividends	0	0
Net Income	−1 629 000	−53 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	12 185 000	12 314 000	0	0
Total Tangible Assets	12 185 000	12 314 000	0	0
Total Fiancial Fixed Assets	10 000	7 000	124 000	133 000
Total Fixed Assets	12 195 000	12 321 000	124 000	133 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	49 000	37 000	17 000	17 000
Total Current Assets	4 549 000	2 562 000	17 000	17 000
Total Assets	16 744 000	14 883 000	141 000	149 000
Total Equity	4 915 000	2 044 000	128 000	133 000
Short-Term Group Debt	0	0	7 000	9 000
Total Long-Term Debt	11 789 000	12 803 000	6 000	8 000
Creditors	32 000	36 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	8 000	0	0	0
Total Current Debt	40 000	36 000	7 000	9 000
Total Equity and Debt	16 744 000	14 883 000	141 000	149 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−33,14 %	−2,59 %	0 %	0 %
Debt-to-Equity Ratio	2,4	6,26	0,05	0,06
Operating Profit Margin	-	-	-	-
Current Ratio	113,73	71,17	2,43	1,89
Quick Ratio	113,73	71,17	2,43	1,89
Equity Ratio	0,29	0,14	0,91	0,89
Gross Profit Margin	-	-	-	-