AVINCIS AVIATION FLEET MANAGEMENT NORDICS AS

9008 TROMSØ

Finances

Share Ownership

Return on Equity

6,85 %

Current Ratio

61,64

Debt-to-Equity Ratio

7,24

Key figures (NOK)	2023	2022	2021	2020
Revenue	71 366 000	47 691 000	50 624 000	44 701 000
Net Income	1 148 000	−15 000	−132 000	−66 000
Total Assets	139 846 000	324 000	76 000	77 000
Total Equity	16 747 000	−98 747 000	−98 732 000	−98 599 000

Income (NOK)	2023	2022	2021	2020
Revenue	71 366 000	47 691 000	50 624 000	44 701 000
Expenditure	71 518 000	47 637 000	50 739 000	44 790 000
Operating Profit	−152 000	54 000	−116 000	−89 000
Financial Income	1 301 000	0	0	46 000
Financial Costs	0	70 000	16 000	23 000
Financial Balance	1 301 000	−70 000	−16 000	23 000
Earnings Before Tax	1 148 000	−15 000	−132 000	−66 000
Tax	0	0	0	0
Net Income	1 148 000	−15 000	−132 000	−66 000

Balance (NOK)	2023	2022	2021	2020
Total Fixed Assets	22 672 000	0	0	0
Total Current Assets	117 174 000	324 000	76 000	77 000
Total Assets	139 846 000	324 000	76 000	77 000
Total Retained Equity	−103 853 000	−104 347 000	−104 332 000	−104 199 000
Total Equity	16 747 000	−98 747 000	−98 732 000	−98 599 000
Total Long-Term Debt	121 197 000	98 525 000	98 525 000	98 525 000
Total Current Debt	1 901 000	546 000	282 000	151 000
Total Equity and Debt	139 846 000	324 000	76 000	77 000

Cash flow (NOK)	2023	2022	2021	2020
Sales Income	71 366 000	47 691 000	0	44 701 000
Other Income	0	0	50 624 000	0
Revenue	71 366 000	47 691 000	50 624 000	44 701 000
Cost of Goods Sold	71 366 000	47 441 000	50 617 000	44 701 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	71 518 000	47 637 000	50 739 000	44 790 000
Operating Profit	−152 000	54 000	−116 000	−89 000
Financial Income	1 301 000	0	0	46 000
Financial Costs	0	70 000	16 000	23 000
Financial Balance	1 301 000	−70 000	−16 000	23 000
Dividends	0	0	0	0
Net Income	1 148 000	−15 000	−132 000	−66 000

Balance details (NOK)	2023	2022	2021	2020
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	0	0	0	0
Total Fiancial Fixed Assets	22 672 000	0	0	0
Total Fixed Assets	22 672 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	12 000	74 000	76 000	77 000
Total Current Assets	117 174 000	324 000	76 000	77 000
Total Assets	139 846 000	324 000	76 000	77 000
Total Equity	16 747 000	−98 747 000	−98 732 000	−98 599 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	121 197 000	98 525 000	98 525 000	98 525 000
Creditors	0	44 000	23 000	54 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 901 000	502 000	259 000	98 000
Total Current Debt	1 901 000	546 000	282 000	151 000
Total Equity and Debt	139 846 000	324 000	76 000	77 000

Financial indicators	2023	2022	2021	2020
Return on Equity	6,85 %	0,02 %	0,13 %	0,07 %
Debt-to-Equity Ratio	7,24	−1	−1	−1
Operating Profit Margin	−0,21 %	0,11 %	−0,23 %	−0,2 %
Current Ratio	61,64	0,59	0,27	0,51
Quick Ratio	61,64	0,59	0,27	0,51
Equity Ratio	0,12	−304,77	−1 299,11	−1 280,51
Gross Profit Margin	0 %	0,52 %	0,01 %	0 %