MUSIC ANGEL EUROPE AS

4580 LYNGDAL

Finances

Share Ownership

Return on Equity

−2,63 %

Current Ratio

120,28

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	35 000	164 000	133 000
Net Income	−378 000	−503 000	−198 000	−836 000
Total Assets	14 500 000	15 076 000	15 720 000	15 562 000
Total Equity	14 380 000	14 758 000	15 262 000	15 459 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	35 000	164 000	133 000
Expenditure	487 000	616 000	617 000	991 000
Operating Profit	−487 000	−581 000	−452 000	−858 000
Financial Income	109 000	78 000	277 000	60 000
Financial Costs	0	0	22 000	39 000
Financial Balance	109 000	78 000	255 000	21 000
Earnings Before Tax	−378 000	−503 000	−198 000	−836 000
Tax	0	0	0	0
Net Income	−378 000	−503 000	−198 000	−836 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	186 000	233 000	291 000	364 000
Total Current Assets	14 313 000	14 843 000	15 428 000	15 198 000
Total Assets	14 500 000	15 076 000	15 720 000	15 562 000
Total Retained Equity	13 495 000	13 873 000	14 377 000	14 574 000
Total Equity	14 380 000	14 758 000	15 262 000	15 459 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	119 000	318 000	458 000	103 000
Total Equity and Debt	14 500 000	15 076 000	15 720 000	15 562 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	35 000	164 000	133 000
Other Income	0	0	0	0
Revenue	0	35 000	164 000	133 000
Cost of Goods Sold	71 000	71 000	74 000	326 000
Salary Costs	74 000	189 000	0	0
Depreciation	47 000	58 000	73 000	91 000
Impairment	0	0	0	0
Expenditure	487 000	616 000	617 000	991 000
Operating Profit	−487 000	−581 000	−452 000	−858 000
Financial Income	109 000	78 000	277 000	60 000
Financial Costs	0	0	22 000	39 000
Financial Balance	109 000	78 000	255 000	21 000
Dividends	0	0	0	0
Net Income	−378 000	−503 000	−198 000	−836 000

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	186 000	233 000	291 000	364 000
Fixtures	0	0	0	0
Total Tangible Assets	186 000	233 000	291 000	364 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	186 000	233 000	291 000	364 000
Stock	30 000	30 000	30 000	30 000
Total Investments	0	0	0	0
Cash, Bank	9 256 000	9 281 000	9 776 000	3 508 000
Total Current Assets	14 313 000	14 843 000	15 428 000	15 198 000
Total Assets	14 500 000	15 076 000	15 720 000	15 562 000
Total Equity	14 380 000	14 758 000	15 262 000	15 459 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	91 000	243 000	103 000
Unpaid Taxes	9 000	31 000	0	0
Dividends	0	0	0	0
Other Current Debt	106 000	195 000	215 000	0
Total Current Debt	119 000	318 000	458 000	103 000
Total Equity and Debt	14 500 000	15 076 000	15 720 000	15 562 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,63 %	−3,41 %	−1,3 %	−5,41 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	−1 660 %	−275,61 %	−645,11 %
Current Ratio	120,28	46,68	33,69	147,55
Quick Ratio	160,82	51,54	36,05	208,19
Equity Ratio	0,99	0,98	0,97	0,99
Gross Profit Margin	-	−102,86 %	54,88 %	−145,11 %