RENAISSANCE AUDIO AS

5003 BERGEN

Finances

Share Ownership

Return on Equity

101,22 %

Current Ratio

0,86

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	975 000	1 175 000	1 788 000	1 991 000
Net Income	−166 000	−107 000	−17 000	−185 000
Total Assets	1 133 000	1 284 000	1 292 000	1 428 000
Total Equity	−164 000	2 000	109 000	193 000

Income (NOK)	2022	2021	2020	2019
Revenue	975 000	1 175 000	1 788 000	1 991 000
Expenditure	1 140 000	1 275 000	1 809 000	2 091 000
Operating Profit	−165 000	−101 000	−21 000	−195 000
Financial Income	0	0	8 000	1 000
Financial Costs	1 000	6 000	8 000	1 000
Financial Balance	−1 000	−6 000	0	0
Earnings Before Tax	−166 000	−107 000	−22 000	−195 000
Tax	0	0	−5 000	−10 000
Net Income	−166 000	−107 000	−17 000	−185 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 000	25 000	34 000	0
Total Current Assets	1 116 000	1 258 000	1 258 000	1 428 000
Total Assets	1 133 000	1 284 000	1 292 000	1 428 000
Total Retained Equity	−264 000	−98 000	9 000	93 000
Total Equity	−164 000	2 000	109 000	193 000
Total Long-Term Debt	0	0	130 000	130 000
Total Current Debt	1 297 000	1 282 000	1 053 000	1 105 000
Total Equity and Debt	1 133 000	1 284 000	1 292 000	1 428 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	975 000	1 175 000	1 788 000	1 991 000
Other Income	0	0	0	0
Revenue	975 000	1 175 000	1 788 000	1 991 000
Cost of Goods Sold	594 000	789 000	1 181 000	1 364 000
Salary Costs	133 000	77 000	254 000	241 000
Depreciation	8 000	8 000	8 000	0
Impairment	0	0	0	0
Expenditure	1 140 000	1 275 000	1 809 000	2 091 000
Operating Profit	−165 000	−101 000	−21 000	−195 000
Financial Income	0	0	8 000	1 000
Financial Costs	1 000	6 000	8 000	1 000
Financial Balance	−1 000	−6 000	0	0
Dividends	0	0	0	0
Net Income	−166 000	−107 000	−17 000	−185 000

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	17 000	25 000	34 000	0
Total Tangible Assets	17 000	25 000	34 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	17 000	25 000	34 000	0
Stock	1 045 000	1 138 000	1 152 000	849 000
Total Investments	0	0	0	0
Cash, Bank	59 000	92 000	63 000	198 000
Total Current Assets	1 116 000	1 258 000	1 258 000	1 428 000
Total Assets	1 133 000	1 284 000	1 292 000	1 428 000
Total Equity	−164 000	2 000	109 000	193 000
Short-Term Group Debt	0	0	0	−119 000
Total Long-Term Debt	0	0	130 000	130 000
Creditors	865 000	876 000	886 000	1 160 000
Unpaid Taxes	50 000	47 000	66 000	−13 000
Dividends	0	0	0	0
Other Current Debt	370 000	346 000	101 000	77 000
Total Current Debt	1 297 000	1 282 000	1 053 000	1 105 000
Total Equity and Debt	1 133 000	1 284 000	1 292 000	1 428 000

Financial indicators	2022	2021	2020	2019
Return on Equity	101,22 %	−5 350 %	−15,6 %	−95,85 %
Debt-to-Equity Ratio	−0	0	1,19	0,67
Operating Profit Margin	−16,92 %	−8,6 %	−1,17 %	−9,79 %
Current Ratio	0,86	0,98	1,19	1,29
Quick Ratio	4,43	8,74	−12,71	5,58
Equity Ratio	−0,14	0	0,08	0,14
Gross Profit Margin	39,08 %	32,85 %	33,95 %	31,49 %