OLSEN AVIATION AS

1337 SANDVIKA

Finances

Share Ownership

Return on Equity

−9,71 %

Current Ratio

0,16

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 166 000	612 000	428 000	85 000
Net Income	315 000	−236 000	−99 000	−251 000
Total Assets	1 433 000	1 043 000	1 181 000	1 131 000
Total Equity	−3 244 000	−3 560 000	−3 324 000	−3 225 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 166 000	612 000	428 000	85 000
Expenditure	851 000	848 000	526 000	339 000
Operating Profit	315 000	−236 000	−98 000	−254 000
Financial Income	0	0	0	3 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	3 000
Earnings Before Tax	315 000	−236 000	−99 000	−251 000
Tax	0	0	0	0
Net Income	315 000	−236 000	−99 000	−251 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	708 000	804 000	914 000	1 039 000
Total Current Assets	725 000	239 000	267 000	92 000
Total Assets	1 433 000	1 043 000	1 181 000	1 131 000
Total Retained Equity	−3 356 000	−3 672 000	−3 436 000	−3 337 000
Total Equity	−3 244 000	−3 560 000	−3 324 000	−3 225 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 677 000	4 603 000	4 505 000	4 356 000
Total Equity and Debt	1 433 000	1 043 000	1 181 000	1 131 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 166 000	612 000	428 000	85 000
Other Income	0	0	0	0
Revenue	1 166 000	612 000	428 000	85 000
Cost of Goods Sold	480 000	215 000	238 000	39 000
Salary Costs	0	0	0	0
Depreciation	97 000	110 000	125 000	142 000
Impairment	0	0	0	0
Expenditure	851 000	848 000	526 000	339 000
Operating Profit	315 000	−236 000	−98 000	−254 000
Financial Income	0	0	0	3 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	3 000
Dividends	0	0	0	0
Net Income	315 000	−236 000	−99 000	−251 000

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	0	0	0	0
Total Tangible Assets	708 000	804 000	914 000	1 039 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	708 000	804 000	914 000	1 039 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	600 000	207 000	174 000	42 000
Total Current Assets	725 000	239 000	267 000	92 000
Total Assets	1 433 000	1 043 000	1 181 000	1 131 000
Total Equity	−3 244 000	−3 560 000	−3 324 000	−3 225 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	36 000	67 000	2 000	31 000
Unpaid Taxes	178 000	74 000	41 000	0
Dividends	0	0	0	0
Other Current Debt	4 464 000	4 462 000	4 462 000	4 325 000
Total Current Debt	4 677 000	4 603 000	4 505 000	4 356 000
Total Equity and Debt	1 433 000	1 043 000	1 181 000	1 131 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,71 %	6,63 %	2,98 %	7,78 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	27,02 %	−38,56 %	−22,9 %	−298,82 %
Current Ratio	0,16	0,05	0,06	0,02
Quick Ratio	0,16	0,05	0,06	0,02
Equity Ratio	−2,26	−3,41	−2,81	−2,85
Gross Profit Margin	58,83 %	64,87 %	44,39 %	54,12 %