CARGO AIR NORWAY LTD

1414 TROLLÅSEN

Finances

Share Ownership

Return on Equity

70 %

Current Ratio

1,96

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 835 000	3 347 000	2 850 000	4 207 000
Net Income	91 000	−230 000	−26 000	−67 000
Total Assets	265 000	217 000	392 000	337 000
Total Equity	130 000	39 000	269 000	295 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 835 000	3 347 000	2 850 000	4 207 000
Expenditure	4 724 000	3 560 000	2 857 000	4 272 000
Operating Profit	111 000	−213 000	−7 000	−65 000
Financial Income	38 000	5 000	29 000	24 000
Financial Costs	57 000	27 000	49 000	26 000
Financial Balance	−19 000	−22 000	−20 000	−2 000
Earnings Before Tax	91 000	−235 000	−26 000	−67 000
Tax	0	−6 000	0	0
Net Income	91 000	−230 000	−26 000	−67 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	8 000	2 000
Total Current Assets	265 000	217 000	384 000	335 000
Total Assets	265 000	217 000	392 000	337 000
Total Retained Equity	130 000	39 000	269 000	295 000
Total Equity	130 000	39 000	269 000	295 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	135 000	178 000	123 000	42 000
Total Equity and Debt	265 000	217 000	392 000	337 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 835 000	3 347 000	2 850 000	4 207 000
Other Income	0	0	0	0
Revenue	4 835 000	3 347 000	2 850 000	4 207 000
Cost of Goods Sold	4 394 000	3 258 000	2 523 000	3 845 000
Salary Costs	164 000	160 000	151 000	155 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	4 724 000	3 560 000	2 857 000	4 272 000
Operating Profit	111 000	−213 000	−7 000	−65 000
Financial Income	38 000	5 000	29 000	24 000
Financial Costs	57 000	27 000	49 000	26 000
Financial Balance	−19 000	−22 000	−20 000	−2 000
Dividends	0	0	0	0
Net Income	91 000	−230 000	−26 000	−67 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	8 000	2 000
Total Fixed Assets	0	0	8 000	2 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	125 000	77 000	143 000	68 000
Total Current Assets	265 000	217 000	384 000	335 000
Total Assets	265 000	217 000	392 000	337 000
Total Equity	130 000	39 000	269 000	295 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	104 000	132 000	99 000	18 000
Unpaid Taxes	13 000	10 000	9 000	7 000
Dividends	0	0	0	0
Other Current Debt	18 000	36 000	15 000	17 000
Total Current Debt	135 000	178 000	123 000	42 000
Total Equity and Debt	265 000	217 000	392 000	337 000

Financial indicators	2022	2021	2020	2019
Return on Equity	70 %	−589,74 %	−9,67 %	−22,71 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,3 %	−6,36 %	−0,25 %	−1,55 %
Current Ratio	1,96	1,22	3,12	7,98
Quick Ratio	1,96	1,22	3,12	7,98
Equity Ratio	0,49	0,18	0,69	0,88
Gross Profit Margin	9,12 %	2,66 %	11,47 %	8,6 %