KING SERVICE AS

4010 STAVANGER

Finances

Share Ownership

Return on Equity

257,14 %

Current Ratio

0,58

Debt-to-Equity Ratio

−0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 144 000	787 000	570 000	733 000
Net Income	108 000	43 000	−135 000	22 000
Total Assets	405 000	75 000	22 000	182 000
Total Equity	42 000	−65 000	−109 000	26 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 144 000	787 000	570 000	733 000
Expenditure	1 048 000	742 000	704 000	706 000
Operating Profit	96 000	44 000	−135 000	28 000
Financial Income	0	0	0	0
Financial Costs	2 000	1 000	0	0
Financial Balance	−2 000	−1 000	0	0
Earnings Before Tax	93 000	43 000	−135 000	28 000
Tax	−14 000	0	0	6 000
Net Income	108 000	43 000	−135 000	22 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	192 000	0	0	0
Total Current Assets	213 000	75 000	22 000	182 000
Total Assets	405 000	75 000	22 000	182 000
Total Retained Equity	18 000	−95 000	−139 000	−4 000
Total Equity	42 000	−65 000	−109 000	26 000
Total Long-Term Debt	−5 000	0	0	0
Total Current Debt	368 000	140 000	131 000	156 000
Total Equity and Debt	405 000	75 000	22 000	182 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 144 000	787 000	570 000	733 000
Other Income	0	0	0	0
Revenue	1 144 000	787 000	570 000	733 000
Cost of Goods Sold	1 000	1 000	3 000	13 000
Salary Costs	848 000	549 000	570 000	572 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 048 000	742 000	704 000	706 000
Operating Profit	96 000	44 000	−135 000	28 000
Financial Income	0	0	0	0
Financial Costs	2 000	1 000	0	0
Financial Balance	−2 000	−1 000	0	0
Dividends	0	0	0	20 000
Net Income	108 000	43 000	−135 000	22 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	20 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	172 000	0	0	0
Total Tangible Assets	172 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	192 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	130 000	60 000	25 000	147 000
Total Current Assets	213 000	75 000	22 000	182 000
Total Assets	405 000	75 000	22 000	182 000
Total Equity	42 000	−65 000	−109 000	26 000
Short-Term Group Debt	118 000	0	0	0
Total Long-Term Debt	−5 000	0	0	0
Creditors	108 000	7 000	0	3 000
Unpaid Taxes	126 000	77 000	67 000	68 000
Dividends	0	0	0	20 000
Other Current Debt	11 000	56 000	64 000	60 000
Total Current Debt	368 000	140 000	131 000	156 000
Total Equity and Debt	405 000	75 000	22 000	182 000

Financial indicators	2022	2021	2020	2019
Return on Equity	257,14 %	−66,15 %	123,85 %	84,62 %
Debt-to-Equity Ratio	−0,12	−0	−0	0
Operating Profit Margin	8,39 %	5,59 %	−23,68 %	3,82 %
Current Ratio	0,58	0,54	0,17	1,17
Quick Ratio	0,58	0,54	0,17	1,17
Equity Ratio	0,1	−0,87	−4,95	0,14
Gross Profit Margin	99,91 %	99,87 %	99,47 %	98,23 %