KINGS BAY AS

9173 NY-ÅLESUND

Finances

Share Ownership

Return on Equity

−1,22 %

Current Ratio

2,48

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	102 673 000	82 217 000	82 589 000	72 604 000
Net Income	−265 000	−296 000	9 177 000	0
Total Assets	39 370 000	35 922 000	49 532 000	58 685 000
Total Equity	21 750 000	22 015 000	22 288 000	4 611 000

Income (NOK)	2022	2021	2020	2019
Revenue	102 673 000	82 217 000	82 589 000	72 604 000
Expenditure	102 901 000	82 287 000	71 567 000	72 641 000
Operating Profit	−228 000	−71 000	11 022 000	−37 000
Financial Income	352 000	63 000	115 000	524 000
Financial Costs	389 000	350 000	414 000	487 000
Financial Balance	−37 000	−287 000	−299 000	37 000
Earnings Before Tax	−265 000	−358 000	10 724 000	0
Tax	0	−61 000	1 547 000	0
Net Income	−265 000	−296 000	9 177 000	0

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	99 000	−23 000	2 000	1 000
Total Current Assets	39 271 000	35 945 000	49 531 000	58 684 000
Total Assets	39 370 000	35 922 000	49 532 000	58 685 000
Total Retained Equity	14 750 000	15 015 000	15 288 000	−2 389 000
Total Equity	21 750 000	22 015 000	22 288 000	4 611 000
Total Long-Term Debt	1 792 000	3 639 000	4 148 000	4 629 000
Total Current Debt	15 828 000	10 268 000	23 097 000	49 446 000
Total Equity and Debt	39 370 000	35 922 000	49 532 000	58 685 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	72 826 000	36 709 000	29 282 000	43 568 000
Other Income	29 847 000	45 507 000	53 307 000	29 037 000
Revenue	102 673 000	82 217 000	82 589 000	72 604 000
Cost of Goods Sold	14 574 000	8 976 000	6 022 000	9 571 000
Salary Costs	30 084 000	27 310 000	24 454 000	24 278 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	102 901 000	82 287 000	71 567 000	72 641 000
Operating Profit	−228 000	−71 000	11 022 000	−37 000
Financial Income	352 000	63 000	115 000	524 000
Financial Costs	389 000	350 000	414 000	487 000
Financial Balance	−37 000	−287 000	−299 000	37 000
Dividends	0	0	0	0
Net Income	−265 000	−296 000	9 177 000	0

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 000	1 000	1 000	1 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 000	1 000	1 000	1 000
Total Fiancial Fixed Assets	98 000	−24 000	1 000	0
Total Fixed Assets	99 000	−23 000	2 000	1 000
Stock	16 821 000	14 874 000	13 015 000	12 299 000
Total Investments	0	0	0	0
Cash, Bank	10 732 000	13 264 000	24 014 000	37 932 000
Total Current Assets	39 271 000	35 945 000	49 531 000	58 684 000
Total Assets	39 370 000	35 922 000	49 532 000	58 685 000
Total Equity	21 750 000	22 015 000	22 288 000	4 611 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 792 000	3 639 000	4 148 000	4 629 000
Creditors	11 530 000	6 056 000	11 831 000	12 857 000
Unpaid Taxes	781 000	845 000	708 000	780 000
Dividends	0	0	0	0
Other Current Debt	3 517 000	3 367 000	9 011 000	35 809 000
Total Current Debt	15 828 000	10 268 000	23 097 000	49 446 000
Total Equity and Debt	39 370 000	35 922 000	49 532 000	58 685 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,22 %	−1,34 %	41,17 %	0 %
Debt-to-Equity Ratio	0,08	0,17	0,19	1
Operating Profit Margin	−0,22 %	−0,09 %	13,35 %	−0,05 %
Current Ratio	2,48	3,5	2,14	1,19
Quick Ratio	−39,55	−7,8	4,91	1,58
Equity Ratio	0,55	0,61	0,45	0,08
Gross Profit Margin	85,81 %	89,08 %	92,71 %	86,82 %