HELGELANDS MUSIKK AS

5527 HAUGESUND

Finances

Return on Equity

−5,5 %

Current Ratio

1,21

Debt-to-Equity Ratio

2,45

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 278 000	7 774 000	8 640 000	10 385 000
Net Income	−21 000	−449 000	153 000	−68 000
Total Assets	4 220 000	4 693 000	5 247 000	5 330 000
Total Equity	382 000	101 000	550 000	−3 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 278 000	7 774 000	8 640 000	10 385 000
Expenditure	7 188 000	8 242 000	8 310 000	10 343 000
Operating Profit	90 000	−469 000	330 000	42 000
Financial Income	8 000	8 000	8 000	10 000
Financial Costs	120 000	115 000	142 000	137 000
Financial Balance	−112 000	−107 000	−134 000	−127 000
Earnings Before Tax	−22 000	−575 000	196 000	−85 000
Tax	−1 000	−127 000	43 000	−17 000
Net Income	−21 000	−449 000	153 000	−68 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	705 000	751 000	671 000	769 000
Total Current Assets	3 515 000	3 942 000	4 576 000	4 561 000
Total Assets	4 220 000	4 693 000	5 247 000	5 330 000
Total Retained Equity	−800 000	−1 399 000	−950 000	−1 103 000
Total Equity	382 000	101 000	550 000	−3 000
Total Long-Term Debt	934 000	1 077 000	1 262 000	1 386 000
Total Current Debt	2 904 000	3 516 000	3 435 000	3 947 000
Total Equity and Debt	4 220 000	4 693 000	5 247 000	5 330 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 276 000	7 568 000	8 496 000	10 405 000
Other Income	2 000	206 000	144 000	−20 000
Revenue	7 278 000	7 774 000	8 640 000	10 385 000
Cost of Goods Sold	4 669 000	5 531 000	5 565 000	6 437 000
Salary Costs	1 179 000	1 529 000	1 768 000	2 558 000
Depreciation	46 000	46 000	55 000	40 000
Impairment	0	0	0	0
Expenditure	7 188 000	8 242 000	8 310 000	10 343 000
Operating Profit	90 000	−469 000	330 000	42 000
Financial Income	8 000	8 000	8 000	10 000
Financial Costs	120 000	115 000	142 000	137 000
Financial Balance	−112 000	−107 000	−134 000	−127 000
Dividends	0	0	0	0
Net Income	−21 000	−449 000	153 000	−68 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	694 000	694 000	567 000	610 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	8 000	54 000	100 000	154 000
Total Tangible Assets	8 000	54 000	100 000	154 000
Total Fiancial Fixed Assets	4 000	4 000	4 000	4 000
Total Fixed Assets	705 000	751 000	671 000	769 000
Stock	2 972 000	3 387 000	3 455 000	3 485 000
Total Investments	0	0	0	0
Cash, Bank	50 000	68 000	75 000	93 000
Total Current Assets	3 515 000	3 942 000	4 576 000	4 561 000
Total Assets	4 220 000	4 693 000	5 247 000	5 330 000
Total Equity	382 000	101 000	550 000	−3 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	934 000	1 077 000	1 262 000	1 386 000
Creditors	1 423 000	1 936 000	2 302 000	2 306 000
Unpaid Taxes	266 000	512 000	424 000	414 000
Dividends	0	0	0	0
Other Current Debt	608 000	640 000	426 000	787 000
Total Current Debt	2 904 000	3 516 000	3 435 000	3 947 000
Total Equity and Debt	4 220 000	4 693 000	5 247 000	5 330 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,5 %	−444,55 %	27,82 %	2 266,67 %
Debt-to-Equity Ratio	2,45	10,66	2,29	−462
Operating Profit Margin	1,24 %	−6,03 %	3,82 %	0,4 %
Current Ratio	1,21	1,12	1,33	1,16
Quick Ratio	−51,69	30,56	−228,8	9,87
Equity Ratio	0,09	0,02	0,1	−0
Gross Profit Margin	35,85 %	28,85 %	35,59 %	38,02 %