EURO CARGO AVIATION AS

2060 GARDERMOEN

Finances

Share Ownership

Return on Equity

30,59 %

Current Ratio

1,4

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	45 609 000	44 226 000	57 533 000	46 081 000
Net Income	1 304 000	2 080 000	450 000	304 000
Total Assets	12 802 000	9 038 000	7 756 000	34 641 000
Total Equity	4 263 000	2 959 000	879 000	429 000

Income (NOK)	2022	2021	2020	2019
Revenue	45 609 000	44 226 000	57 533 000	46 081 000
Expenditure	43 886 000	41 287 000	57 117 000	45 102 000
Operating Profit	1 722 000	2 939 000	416 000	978 000
Financial Income	0	0	7 000	0
Financial Costs	51 000	272 000	−154 000	590 000
Financial Balance	−51 000	−272 000	161 000	−590 000
Earnings Before Tax	1 672 000	2 666 000	577 000	388 000
Tax	368 000	587 000	127 000	84 000
Net Income	1 304 000	2 080 000	450 000	304 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	892 000	425 000	555 000	75 000
Total Current Assets	11 910 000	8 613 000	7 201 000	34 566 000
Total Assets	12 802 000	9 038 000	7 756 000	34 641 000
Total Retained Equity	4 138 000	2 834 000	754 000	304 000
Total Equity	4 263 000	2 959 000	879 000	429 000
Total Long-Term Debt	40 000	48 000	1 204 000	11 826 000
Total Current Debt	8 499 000	6 031 000	5 673 000	22 385 000
Total Equity and Debt	12 802 000	9 038 000	7 756 000	34 641 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	45 482 000	44 226 000	55 310 000	43 928 000
Other Income	127 000	0	2 224 000	2 152 000
Revenue	45 609 000	44 226 000	57 533 000	46 081 000
Cost of Goods Sold	38 408 000	36 804 000	53 731 000	43 711 000
Salary Costs	3 896 000	3 022 000	2 079 000	1 034 000
Depreciation	142 000	130 000	130 000	7 000
Impairment	0	0	0	0
Expenditure	43 886 000	41 287 000	57 117 000	45 102 000
Operating Profit	1 722 000	2 939 000	416 000	978 000
Financial Income	0	0	7 000	0
Financial Costs	51 000	272 000	−154 000	590 000
Financial Balance	−51 000	−272 000	161 000	−590 000
Dividends	0	0	0	0
Net Income	1 304 000	2 080 000	450 000	304 000

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	739 000	384 000	514 000	75 000
Total Tangible Assets	739 000	384 000	514 000	75 000
Total Fiancial Fixed Assets	153 000	41 000	41 000	0
Total Fixed Assets	892 000	425 000	555 000	75 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 961 000	2 030 000	2 380 000	4 729 000
Total Current Assets	11 910 000	8 613 000	7 201 000	34 566 000
Total Assets	12 802 000	9 038 000	7 756 000	34 641 000
Total Equity	4 263 000	2 959 000	879 000	429 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	40 000	48 000	1 204 000	11 826 000
Creditors	6 701 000	4 144 000	4 561 000	21 689 000
Unpaid Taxes	538 000	304 000	443 000	194 000
Dividends	0	0	0	0
Other Current Debt	927 000	992 000	546 000	421 000
Total Current Debt	8 499 000	6 031 000	5 673 000	22 385 000
Total Equity and Debt	12 802 000	9 038 000	7 756 000	34 641 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,59 %	70,29 %	51,19 %	70,86 %
Debt-to-Equity Ratio	0,01	0,02	1,37	27,57
Operating Profit Margin	3,78 %	6,65 %	0,72 %	2,12 %
Current Ratio	1,4	1,43	1,27	1,54
Quick Ratio	1,4	1,43	1,27	1,54
Equity Ratio	0,33	0,33	0,11	0,01
Gross Profit Margin	15,79 %	16,78 %	6,61 %	5,14 %