VALDRES FOLKEMUSIKKARRANGEMENT AS

2900 FAGERNES

Finances

Share Ownership

Return on Equity

−21,25 %

Current Ratio

4,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 281 000	3 126 000	2 859 000	4 362 000
Net Income	−344 000	−573 000	805 000	−294 000
Total Assets	2 133 000	2 644 000	2 855 000	2 102 000
Total Equity	1 619 000	1 963 000	2 536 000	1 730 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 281 000	3 126 000	2 859 000	4 362 000
Expenditure	4 625 000	3 696 000	2 055 000	4 659 000
Operating Profit	−344 000	−570 000	803 000	−298 000
Financial Income	0	0	2 000	4 000
Financial Costs	1 000	2 000	0	1 000
Financial Balance	−1 000	−2 000	2 000	3 000
Earnings Before Tax	−344 000	−573 000	805 000	−294 000
Tax	0	0	0	0
Net Income	−344 000	−573 000	805 000	−294 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	41 000	77 000	116 000	155 000
Total Current Assets	2 092 000	2 567 000	2 739 000	1 947 000
Total Assets	2 133 000	2 644 000	2 855 000	2 102 000
Total Retained Equity	1 519 000	1 863 000	2 436 000	1 630 000
Total Equity	1 619 000	1 963 000	2 536 000	1 730 000
Total Long-Term Debt	0	9 000	20 000	32 000
Total Current Debt	514 000	672 000	299 000	340 000
Total Equity and Debt	2 133 000	2 644 000	2 855 000	2 102 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 417 000	591 000	336 000	1 835 000
Other Income	2 864 000	2 535 000	2 523 000	2 527 000
Revenue	4 281 000	3 126 000	2 859 000	4 362 000
Cost of Goods Sold	2 214 000	1 655 000	384 000	2 067 000
Salary Costs	1 380 000	1 153 000	979 000	1 423 000
Depreciation	36 000	39 000	39 000	26 000
Impairment	0	0	0	0
Expenditure	4 625 000	3 696 000	2 055 000	4 659 000
Operating Profit	−344 000	−570 000	803 000	−298 000
Financial Income	0	0	2 000	4 000
Financial Costs	1 000	2 000	0	1 000
Financial Balance	−1 000	−2 000	2 000	3 000
Dividends	0	0	0	0
Net Income	−344 000	−573 000	805 000	−294 000

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	36 000	72 000	111 000	150 000
Total Tangible Assets	36 000	72 000	111 000	150 000
Total Fiancial Fixed Assets	5 000	5 000	5 000	5 000
Total Fixed Assets	41 000	77 000	116 000	155 000
Stock	71 000	53 000	55 000	69 000
Total Investments	0	0	0	0
Cash, Bank	1 950 000	2 473 000	2 267 000	1 872 000
Total Current Assets	2 092 000	2 567 000	2 739 000	1 947 000
Total Assets	2 133 000	2 644 000	2 855 000	2 102 000
Total Equity	1 619 000	1 963 000	2 536 000	1 730 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	9 000	20 000	32 000
Creditors	55 000	72 000	28 000	104 000
Unpaid Taxes	58 000	45 000	35 000	65 000
Dividends	0	0	0	0
Other Current Debt	401 000	555 000	236 000	171 000
Total Current Debt	514 000	672 000	299 000	340 000
Total Equity and Debt	2 133 000	2 644 000	2 855 000	2 102 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−21,25 %	−29,19 %	31,74 %	−16,99 %
Debt-to-Equity Ratio	0	0	0,01	0,02
Operating Profit Margin	−8,04 %	−18,23 %	28,09 %	−6,83 %
Current Ratio	4,07	3,82	9,16	5,73
Quick Ratio	4,72	4,15	11,23	7,18
Equity Ratio	0,76	0,74	0,89	0,82
Gross Profit Margin	48,28 %	47,06 %	86,57 %	52,61 %