KALES AIRLINE SERVICES AS

2000 LILLESTRØM

Finances

Share Ownership

Return on Equity

415,71 %

Current Ratio

1,05

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	261 726 000	94 896 000	88 706 000	42 203 000
Net Income	10 688 000	2 353 000	2 088 000	51 000
Total Assets	45 293 000	22 565 000	17 908 000	4 635 000
Total Equity	2 571 000	3 883 000	3 530 000	1 443 000

Income (NOK)	2022	2021	2020	2019
Revenue	261 726 000	94 896 000	88 706 000	42 203 000
Expenditure	248 608 000	92 072 000	86 270 000	42 039 000
Operating Profit	13 118 000	2 824 000	2 435 000	164 000
Financial Income	3 010 000	724 000	1 186 000	84 000
Financial Costs	2 422 000	531 000	941 000	176 000
Financial Balance	588 000	193 000	245 000	−92 000
Earnings Before Tax	13 705 000	3 017 000	2 681 000	72 000
Tax	3 018 000	664 000	594 000	21 000
Net Income	10 688 000	2 353 000	2 088 000	51 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	290 000	334 000	312 000	210 000
Total Current Assets	45 003 000	22 231 000	17 596 000	4 425 000
Total Assets	45 293 000	22 565 000	17 908 000	4 635 000
Total Retained Equity	2 471 000	3 783 000	3 430 000	1 343 000
Total Equity	2 571 000	3 883 000	3 530 000	1 443 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	42 721 000	18 682 000	14 377 000	3 192 000
Total Equity and Debt	45 293 000	22 565 000	17 908 000	4 635 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	261 726 000	94 896 000	88 706 000	42 203 000
Other Income	0	0	0	0
Revenue	261 726 000	94 896 000	88 706 000	42 203 000
Cost of Goods Sold	241 029 000	86 499 000	80 416 000	37 681 000
Salary Costs	4 415 000	3 615 000	3 716 000	2 793 000
Depreciation	35 000	32 000	20 000	0
Impairment	0	0	0	0
Expenditure	248 608 000	92 072 000	86 270 000	42 039 000
Operating Profit	13 118 000	2 824 000	2 435 000	164 000
Financial Income	3 010 000	724 000	1 186 000	84 000
Financial Costs	2 422 000	531 000	941 000	176 000
Financial Balance	588 000	193 000	245 000	−92 000
Dividends	12 000 000	2 000 000	0	0
Net Income	10 688 000	2 353 000	2 088 000	51 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	12 000	21 000	17 000	18 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	87 000	122 000	103 000	0
Total Tangible Assets	87 000	122 000	103 000	0
Total Fiancial Fixed Assets	191 000	191 000	191 000	191 000
Total Fixed Assets	290 000	334 000	312 000	210 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 648 000	5 408 000	3 604 000	925 000
Total Current Assets	45 003 000	22 231 000	17 596 000	4 425 000
Total Assets	45 293 000	22 565 000	17 908 000	4 635 000
Total Equity	2 571 000	3 883 000	3 530 000	1 443 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	26 219 000	15 013 000	12 825 000	2 603 000
Unpaid Taxes	227 000	162 000	159 000	59 000
Dividends	12 000 000	2 000 000	0	0
Other Current Debt	1 267 000	839 000	801 000	511 000
Total Current Debt	42 721 000	18 682 000	14 377 000	3 192 000
Total Equity and Debt	45 293 000	22 565 000	17 908 000	4 635 000

Financial indicators	2022	2021	2020	2019
Return on Equity	415,71 %	60,6 %	59,15 %	3,53 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,01 %	2,98 %	2,75 %	0,39 %
Current Ratio	1,05	1,19	1,22	1,39
Quick Ratio	1,05	1,19	1,22	1,39
Equity Ratio	0,06	0,17	0,2	0,31
Gross Profit Margin	7,91 %	8,85 %	9,35 %	10,71 %