SAS files monthly operating reports with U.S. court and announces certain financial information for the Group

SAS and each of its subsidiaries that are subject to the voluntary chapter 11 process in the U.S. will shortly file monthly operating reports, containing certain financial information for the period of August 1, 2022 to August 31, 2022 with the U.S. Bankruptcy Court for the Southern District of New York (the “Court”). All SAS companies that are subject to the voluntary chapter 11 process are each required by the U.S. Bankruptcy Code to file operating reports with the Court on a monthly basis. The financial information contained in the monthly operating reports includes cash position, assets, liabilities, revenue and profit and loss for the preceding month.

In connection with these Court filings, SAS announces certain consolidated financial information for the SAS Group as of August 31, 2022, see table below. The financial information has not been audited or reviewed by SAS’ auditor.

 

Financial Information, SAS Group	million SEK (million USD)1)
	Nov 1, 2021- August 31, 2022
Revenue	24,596 (2,305)
Net income for the period	-6,570 (-616)
	As of August 31, 2022
Total assets	61,702 (5,784)
Total liabilities	61,173 (5,734)
Cash and cash equivalents	6,117 (573)

1) Amounts in SEK have been recalculated to USD based on the Swedish Riksbank’s SEK/USD exchange rate of 10.6686 as of August 31, 2022.

 

SAS will publish a press release in connection with each monthly operating report filing, other than for the months when the filings coincide with the publication of SAS’ interim reports.