VISUAL ART NORWAY AS

0184 OSLO

Finances

Share Ownership

Return on Equity

168,76 %

Current Ratio

0,94

Debt-to-Equity Ratio

−0

Key figures (NOK)	2021	2020	2019	2018
Revenue	19 880 000	2 087 000	2 989 000	9 264 000
Net Income	−778 000	39 000	−180 000	429 000
Total Assets	7 454 000	3 030 000	2 321 000	1 271 000
Total Equity	−461 000	318 000	278 000	459 000

Income (NOK)	2021	2020	2019	2018
Revenue	19 880 000	2 087 000	2 989 000	9 264 000
Expenditure	20 625 000	2 046 000	3 175 000	8 679 000
Operating Profit	−744 000	41 000	−187 000	585 000
Financial Income	0	0	17 000	16 000
Financial Costs	34 000	1 000	11 000	46 000
Financial Balance	−34 000	−1 000	6 000	−30 000
Earnings Before Tax	−778 000	39 000	−180 000	556 000
Tax	0	0	0	127 000
Net Income	−778 000	39 000	−180 000	429 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	0	0	0	0
Total Current Assets	7 454 000	3 030 000	2 321 000	1 271 000
Total Assets	7 454 000	3 030 000	2 321 000	1 271 000
Total Retained Equity	−491 000	288 000	248 000	429 000
Total Equity	−461 000	318 000	278 000	459 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	7 914 000	2 712 000	2 043 000	813 000
Total Equity and Debt	7 454 000	3 030 000	2 321 000	1 271 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	19 549 000	2 087 000	2 989 000	9 264 000
Other Income	331 000	0	0	0
Revenue	19 880 000	2 087 000	2 989 000	9 264 000
Cost of Goods Sold	17 913 000	1 590 000	2 675 000	8 004 000
Salary Costs	1 454 000	264 000	11 000	341 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	20 625 000	2 046 000	3 175 000	8 679 000
Operating Profit	−744 000	41 000	−187 000	585 000
Financial Income	0	0	17 000	16 000
Financial Costs	34 000	1 000	11 000	46 000
Financial Balance	−34 000	−1 000	6 000	−30 000
Dividends	0	0	0	0
Net Income	−778 000	39 000	−180 000	429 000

Balance details (NOK)	2021	2020	2019	2018
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	27 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 309 000	557 000	930 000	117 000
Total Current Assets	7 454 000	3 030 000	2 321 000	1 271 000
Total Assets	7 454 000	3 030 000	2 321 000	1 271 000
Total Equity	−461 000	318 000	278 000	459 000
Short-Term Group Debt	4 520 000	2 277 000	2 043 000	0
Total Long-Term Debt	0	0	0	0
Creditors	526 000	248 000	0	561 000
Unpaid Taxes	1 403 000	138 000	0	0
Dividends	0	0	0	0
Other Current Debt	1 466 000	50 000	0	125 000
Total Current Debt	7 914 000	2 712 000	2 043 000	813 000
Total Equity and Debt	7 454 000	3 030 000	2 321 000	1 271 000

Financial indicators	2021	2020	2019	2018
Return on Equity	168,76 %	12,26 %	−64,75 %	93,46 %
Debt-to-Equity Ratio	−0	0	0	0
Operating Profit Margin	−3,74 %	1,96 %	−6,26 %	6,31 %
Current Ratio	0,94	1,12	1,14	1,56
Quick Ratio	0,95	1,12	1,14	1,56
Equity Ratio	−0,06	0,1	0,12	0,36
Gross Profit Margin	9,89 %	23,81 %	10,51 %	13,6 %