XO HELICOPTERS AS

2860 HOV

Finances

Share Ownership

Return on Equity

25,18 %

Current Ratio

0,74

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 250 000	72 714 000	63 810 000	3 627 000
Net Income	1 395 000	−1 597 000	−3 878 000	571 000
Total Assets	20 972 000	21 256 000	22 978 000	13 423 000
Total Equity	5 540 000	−1 714 000	−117 000	3 762 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 250 000	72 714 000	63 810 000	3 627 000
Expenditure	6 373 000	75 162 000	68 686 000	2 900 000
Operating Profit	1 877 000	−2 447 000	−4 876 000	728 000
Financial Income	530 000	1 272 000	3 247 000	12 000
Financial Costs	562 000	873 000	3 343 000	8 000
Financial Balance	−32 000	399 000	−96 000	4 000
Earnings Before Tax	1 844 000	−2 048 000	−4 972 000	731 000
Tax	450 000	−451 000	−1 093 000	161 000
Net Income	1 395 000	−1 597 000	−3 878 000	571 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 152 000	5 175 000	5 544 000	4 780 000
Total Current Assets	10 821 000	16 081 000	17 434 000	8 643 000
Total Assets	20 972 000	21 256 000	22 978 000	13 423 000
Total Retained Equity	1 616 000	−1 814 000	−217 000	3 662 000
Total Equity	5 540 000	−1 714 000	−117 000	3 762 000
Total Long-Term Debt	893 000	6 061 000	6 559 000	0
Total Current Debt	14 539 000	16 909 000	16 535 000	9 661 000
Total Equity and Debt	20 972 000	21 256 000	22 978 000	13 423 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 459 000	72 861 000	60 799 000	1 332 000
Other Income	2 790 000	−147 000	3 011 000	2 295 000
Revenue	8 250 000	72 714 000	63 810 000	3 627 000
Cost of Goods Sold	1 702 000	66 430 000	48 067 000	0
Salary Costs	34 000	2 278 000	7 314 000	0
Depreciation	820 000	820 000	788 000	97 000
Impairment	0	0	0	0
Expenditure	6 373 000	75 162 000	68 686 000	2 900 000
Operating Profit	1 877 000	−2 447 000	−4 876 000	728 000
Financial Income	530 000	1 272 000	3 247 000	12 000
Financial Costs	562 000	873 000	3 343 000	8 000
Financial Balance	−32 000	399 000	−96 000	4 000
Dividends	0	0	0	0
Net Income	1 395 000	−1 597 000	−3 878 000	571 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	800 000	1 200 000	1 600 000	2 000 000
Total Intangible Assets	1 926 000	2 776 000	2 726 000	2 032 000
Real Eastate	35 000	82 000	129 000	141 000
Machinery and Plant Facilities	46 000	84 000	123 000	0
Fixtures	1 898 000	2 232 000	2 567 000	2 607 000
Total Tangible Assets	1 979 000	2 399 000	2 819 000	2 748 000
Total Fiancial Fixed Assets	6 246 000	0	0	0
Total Fixed Assets	10 152 000	5 175 000	5 544 000	4 780 000
Stock	5 282 000	4 752 000	8 759 000	0
Total Investments	0	0	0	0
Cash, Bank	806 000	2 852 000	3 138 000	3 802 000
Total Current Assets	10 821 000	16 081 000	17 434 000	8 643 000
Total Assets	20 972 000	21 256 000	22 978 000	13 423 000
Total Equity	5 540 000	−1 714 000	−117 000	3 762 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	893 000	6 061 000	6 559 000	0
Creditors	7 591 000	11 303 000	4 074 000	1 911 000
Unpaid Taxes	0	0	428 000	105 000
Dividends	0	0	0	0
Other Current Debt	6 948 000	5 607 000	12 033 000	7 460 000
Total Current Debt	14 539 000	16 909 000	16 535 000	9 661 000
Total Equity and Debt	20 972 000	21 256 000	22 978 000	13 423 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,18 %	93,17 %	3 314,53 %	15,18 %
Debt-to-Equity Ratio	0,16	−3,54	−56,06	0
Operating Profit Margin	22,75 %	−3,37 %	−7,64 %	20,07 %
Current Ratio	0,74	0,95	1,05	0,89
Quick Ratio	1,17	1,32	2,24	0,89
Equity Ratio	0,26	−0,08	−0,01	0,28
Gross Profit Margin	79,37 %	8,64 %	24,67 %	100 %