NORWEGIAN INTERNATIONAL BEAUTY ACADEMY AS

4006 STAVANGER

Finances

Share Ownership

Return on Equity

10 %

Current Ratio

0,69

Debt-to-Equity Ratio

−0,83

Key figures (NOK)	2022	2021	2020	2019
Revenue	109 000	150 000	428 000	699 000
Net Income	−21 000	51 000	−111 000	6 000
Total Assets	234 000	251 000	247 000	247 000
Total Equity	−210 000	−189 000	−239 000	−128 000

Income (NOK)	2022	2021	2020	2019
Revenue	109 000	150 000	428 000	699 000
Expenditure	129 000	98 000	539 000	685 000
Operating Profit	−19 000	51 000	−111 000	14 000
Financial Income	0	0	0	0
Financial Costs	2 000	1 000	0	6 000
Financial Balance	−2 000	−1 000	0	−6 000
Earnings Before Tax	−21 000	51 000	−111 000	8 000
Tax	0	0	0	2 000
Net Income	−21 000	51 000	−111 000	6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	49 000	49 000	49 000	37 000
Total Current Assets	185 000	202 000	198 000	210 000
Total Assets	234 000	251 000	247 000	247 000
Total Retained Equity	−240 000	−213 000	−264 000	−153 000
Total Equity	−210 000	−189 000	−239 000	−128 000
Total Long-Term Debt	174 000	199 000	215 000	216 000
Total Current Debt	270 000	240 000	271 000	160 000
Total Equity and Debt	234 000	251 000	247 000	247 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	101 000	133 000	211 000	586 000
Other Income	8 000	17 000	217 000	113 000
Revenue	109 000	150 000	428 000	699 000
Cost of Goods Sold	34 000	61 000	37 000	36 000
Salary Costs	17 000	−6 000	126 000	212 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	129 000	98 000	539 000	685 000
Operating Profit	−19 000	51 000	−111 000	14 000
Financial Income	0	0	0	0
Financial Costs	2 000	1 000	0	6 000
Financial Balance	−2 000	−1 000	0	−6 000
Dividends	0	0	0	0
Net Income	−21 000	51 000	−111 000	6 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	49 000	49 000	49 000	49 000
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	0	−12 000
Total Fixed Assets	49 000	49 000	49 000	37 000
Stock	110 000	144 000	131 000	148 000
Total Investments	0	0	0	0
Cash, Bank	1 000	−5 000	2 000	13 000
Total Current Assets	185 000	202 000	198 000	210 000
Total Assets	234 000	251 000	247 000	247 000
Total Equity	−210 000	−189 000	−239 000	−128 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	174 000	199 000	215 000	216 000
Creditors	160 000	170 000	199 000	111 000
Unpaid Taxes	17 000	15 000	7 000	11 000
Dividends	0	0	0	0
Other Current Debt	75 000	52 000	61 000	34 000
Total Current Debt	270 000	240 000	271 000	160 000
Total Equity and Debt	234 000	251 000	247 000	247 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10 %	−26,98 %	46,44 %	−4,69 %
Debt-to-Equity Ratio	−0,83	−1,05	−0,9	−1,69
Operating Profit Margin	−17,43 %	34 %	−25,93 %	2 %
Current Ratio	0,69	0,84	0,73	1,31
Quick Ratio	1,16	2,1	1,41	17,5
Equity Ratio	−0,9	−0,75	−0,97	−0,52
Gross Profit Margin	68,81 %	59,33 %	91,36 %	94,85 %