VALUE ARTIST AS

3513 HØNEFOSS

Finances

Share Ownership

Return on Equity

100,85 %

Current Ratio

1,43

Debt-to-Equity Ratio

3,02

Key figures (NOK)	2020	2019	2018	2017
Revenue	1 477 000	799 000	1 173 000	1 097 000
Net Income	834 000	10 000	139 000	−291 000
Total Assets	3 510 000	2 023 000	1 443 000	1 219 000
Total Equity	827 000	−150 000	−128 000	−266 000

Income (NOK)	2020	2019	2018	2017
Revenue	1 477 000	799 000	1 173 000	1 097 000
Expenditure	457 000	786 000	1 034 000	1 388 000
Operating Profit	1 019 000	13 000	140 000	−291 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	0
Earnings Before Tax	1 019 000	13 000	139 000	−291 000
Tax	185 000	3 000	0	0
Net Income	834 000	10 000	139 000	−291 000

Balance (NOK)	2020	2019	2018	2017
Total Fixed Assets	3 248 000	0	80 000	1 150 000
Total Current Assets	263 000	2 023 000	1 363 000	69 000
Total Assets	3 510 000	2 023 000	1 443 000	1 219 000
Total Retained Equity	797 000	−180 000	−152 000	−291 000
Total Equity	827 000	−150 000	−128 000	−266 000
Total Long-Term Debt	2 499 000	1 534 000	0	1 000 000
Total Current Debt	184 000	639 000	1 571 000	486 000
Total Equity and Debt	3 510 000	2 023 000	1 443 000	1 219 000

Cash flow (NOK)	2020	2019	2018	2017
Sales Income	0	799 000	1 173 000	1 097 000
Other Income	1 477 000	0	0	0
Revenue	1 477 000	799 000	1 173 000	1 097 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	136 000
Depreciation	0	0	0	12 000
Impairment	0	0	38 000	0
Expenditure	457 000	786 000	1 034 000	1 388 000
Operating Profit	1 019 000	13 000	140 000	−291 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	0
Dividends	0	0	0	0
Net Income	834 000	10 000	139 000	−291 000

Balance details (NOK)	2020	2019	2018	2017
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	38 000
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	38 000
Total Fiancial Fixed Assets	3 248 000	0	80 000	1 112 000
Total Fixed Assets	3 248 000	0	80 000	1 150 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	177 000	2 000	13 000	39 000
Total Current Assets	263 000	2 023 000	1 363 000	69 000
Total Assets	3 510 000	2 023 000	1 443 000	1 219 000
Total Equity	827 000	−150 000	−128 000	−266 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 499 000	1 534 000	0	1 000 000
Creditors	1 000	133 000	6 000	12 000
Unpaid Taxes	2 000	2 000	2 000	16 000
Dividends	0	0	0	0
Other Current Debt	12 000	501 000	1 545 000	449 000
Total Current Debt	184 000	639 000	1 571 000	486 000
Total Equity and Debt	3 510 000	2 023 000	1 443 000	1 219 000

Financial indicators	2020	2019	2018	2017
Return on Equity	100,85 %	−6,67 %	−108,59 %	109,4 %
Debt-to-Equity Ratio	3,02	−10,23	−0	−3,76
Operating Profit Margin	68,99 %	1,63 %	11,94 %	−26,53 %
Current Ratio	1,43	3,17	0,87	0,14
Quick Ratio	1,43	3,17	0,87	0,14
Equity Ratio	0,24	−0,07	−0,09	−0,22
Gross Profit Margin	100 %	100 %	100 %	100 %