OLAV ØGAARDS MINNEFOND FOR UNGE KIRKEMUSIKERE

5099 BERGEN

Finances

Share Ownership

Return on Equity

7,52 %

Current Ratio

N/A

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 000	24 000	28 000	0
Net Income	10 000	16 000	23 000	3 000
Total Assets	133 000	137 000	136 000	128 000
Total Equity	133 000	137 000	136 000	128 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 000	24 000	28 000	0
Expenditure	9 000	8 000	6 000	6 000
Operating Profit	10 000	16 000	22 000	−6 000
Financial Income	0	0	1 000	9 000
Financial Costs	0	0	0	0
Financial Balance	0	0	1 000	9 000
Earnings Before Tax	10 000	16 000	23 000	3 000
Tax	0	0	0	0
Net Income	10 000	16 000	23 000	3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	133 000	137 000	136 000	128 000
Total Assets	133 000	137 000	136 000	128 000
Total Retained Equity	33 000	37 000	36 000	28 000
Total Equity	133 000	137 000	136 000	128 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	0	0	0	0
Total Equity and Debt	133 000	137 000	136 000	128 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 000	0	0	0
Other Income	1 000	24 000	28 000	0
Revenue	20 000	24 000	28 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	9 000	8 000	6 000	6 000
Operating Profit	10 000	16 000	22 000	−6 000
Financial Income	0	0	1 000	9 000
Financial Costs	0	0	0	0
Financial Balance	0	0	1 000	9 000
Dividends	0	0	0	0
Net Income	10 000	16 000	23 000	3 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	133 000	137 000	136 000	128 000
Total Current Assets	133 000	137 000	136 000	128 000
Total Assets	133 000	137 000	136 000	128 000
Total Equity	133 000	137 000	136 000	128 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	0	0	0	0
Total Equity and Debt	133 000	137 000	136 000	128 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,52 %	11,68 %	16,91 %	2,34 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	50 %	66,67 %	78,57 %	-
Current Ratio	-	-	-	-
Quick Ratio	-	-	-	-
Equity Ratio	1	1	1	1
Gross Profit Margin	100 %	100 %	100 %	-