ACOUSTIC TUNING AS

7031 TRONDHEIM

Finances

Share Ownership

Return on Equity

80,77 %

Current Ratio

1,17

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	7 676 000	5 997 000	4 364 000	3 732 000
Net Income	546 000	−369 000	207 000	101 000
Total Assets	2 400 000	3 270 000	1 742 000	1 041 000
Total Equity	676 000	−239 000	1 109 000	244 000

Income (NOK)	2021	2020	2019	2018
Revenue	7 676 000	5 997 000	4 364 000	3 732 000
Expenditure	6 939 000	6 242 000	4 081 000	3 525 000
Operating Profit	737 000	−245 000	281 000	207 000
Financial Income	6 000	0	2 000	1 000
Financial Costs	43 000	10 000	76 000	18 000
Financial Balance	−37 000	−10 000	−74 000	−17 000
Earnings Before Tax	700 000	−255 000	207 000	190 000
Tax	154 000	113 000	0	89 000
Net Income	546 000	−369 000	207 000	101 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	386 000	256 000	112 000	137 000
Total Current Assets	2 014 000	3 014 000	1 630 000	904 000
Total Assets	2 400 000	3 270 000	1 742 000	1 041 000
Total Retained Equity	0	−369 000	979 000	114 000
Total Equity	676 000	−239 000	1 109 000	244 000
Total Long-Term Debt	0	35 000	0	0
Total Current Debt	1 724 000	3 474 000	633 000	797 000
Total Equity and Debt	2 400 000	3 270 000	1 742 000	1 041 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	7 676 000	5 997 000	4 364 000	3 732 000
Other Income	0	0	0	0
Revenue	7 676 000	5 997 000	4 364 000	3 732 000
Cost of Goods Sold	5 510 000	5 136 000	3 254 000	2 610 000
Salary Costs	727 000	405 000	324 000	278 000
Depreciation	9 000	9 000	9 000	8 000
Impairment	0	0	0	0
Expenditure	6 939 000	6 242 000	4 081 000	3 525 000
Operating Profit	737 000	−245 000	281 000	207 000
Financial Income	6 000	0	2 000	1 000
Financial Costs	43 000	10 000	76 000	18 000
Financial Balance	−37 000	−10 000	−74 000	−17 000
Dividends	0	0	0	0
Net Income	546 000	−369 000	207 000	101 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	76 000	54 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	17 000	26 000	35 000	31 000
Total Tangible Assets	17 000	26 000	35 000	31 000
Total Fiancial Fixed Assets	369 000	230 000	0	51 000
Total Fixed Assets	386 000	256 000	112 000	137 000
Stock	1 000 000	704 000	1 000 000	467 000
Total Investments	0	0	0	0
Cash, Bank	446 000	270 000	67 000	155 000
Total Current Assets	2 014 000	3 014 000	1 630 000	904 000
Total Assets	2 400 000	3 270 000	1 742 000	1 041 000
Total Equity	676 000	−239 000	1 109 000	244 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	35 000	0	0
Creditors	1 425 000	1 071 000	387 000	480 000
Unpaid Taxes	17 000	−185 000	177 000	78 000
Dividends	0	0	0	0
Other Current Debt	127 000	2 510 000	33 000	−8 000
Total Current Debt	1 724 000	3 474 000	633 000	797 000
Total Equity and Debt	2 400 000	3 270 000	1 742 000	1 041 000

Financial indicators	2021	2020	2019	2018
Return on Equity	80,77 %	154,39 %	18,67 %	41,39 %
Debt-to-Equity Ratio	0	−0,15	0	0
Operating Profit Margin	9,6 %	−4,09 %	6,44 %	5,55 %
Current Ratio	1,17	0,87	2,58	1,13
Quick Ratio	2,78	1,09	−4,44	2,74
Equity Ratio	0,28	−0,07	0,64	0,23
Gross Profit Margin	28,22 %	14,36 %	25,44 %	30,06 %