FLEXFLIGHT ApS
Key figures
- Return on assets
- 2.8%
- Return on equity
- -1.8%
- Current ratio
- 117.5%
- Equity ratio
- 22.8%
Profit and loss
| Reporting period | |
|---|---|
Gross profit | 43,550,000 |
Operating profit | 4,821,000 |
Finance income | 1,887,000 |
Finance expenses | 7,400,000 |
Tax expense | 0 |
Profit/loss for the year | -692,000 |
Employees
| Reporting period | |
|---|---|
Avg. employees | 33 |
Personnel costs | 25,694,000 DKK |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 35,269,000 |
Current assets | 135,002,000 |
Non-current assets | 35,027,000 |
Total assets | 170,029,000 |
Equity | 38,696,000 |
Liabilities | 131,333,000 |
Current liabilities | 114,850,000 |
Working capital
| Reporting period | |
|---|---|
Trade receivables | 1,437,000 |
Other current receivables | 85,768,000 |
Trade payables | 8,959,000 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 130,000 |
Retained earnings | 38,566,000 |
Investments and assets
| Reporting period | |
|---|---|
Long-term investments and receivables | 12,430,000 |
Property, plant and equipment | 1,347,000 |
Annual report highlights
Business and development
Description of key activities of the companyThe Company's activity is to provide taxiplane and air services, and together with WorldTicket ApS to
market other airline companies in the entire world via socalled interline and codeshare. This activity
facilitates the sale of flight tickets in more than 100 countries.
Significant changes in the company's activities and financial mattersThere have been no significant changes in activities and financial matters.
Loss from ordinary activities after tax totals DKK -691.625 against DKK -1.411.000 last year. Management considers the net loss for the year unsatisfactory.…
Risks and material matters
1.
Uncertainties relating to going concernThe Company incurred a net loss for the financial year.…
Events occurring after the end of the financial yearNo events have occured after the end of the financial year.
Commitments and security
14.Contractual obligations and contingencies, etc.
Contingent liabilitiesThe company is jointly and severally liable for certain debt obligations of the group.…
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