LIT MUSIC AS

0566 OSLO

Finances

Return on Equity

−108,55 %

Current Ratio

0,83

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 668 000	1 150 000	873 000	1 417 000
Net Income	165 000	−193 000	79 000	54 000
Total Assets	745 000	1 329 000	127 000	−9 000
Total Equity	−152 000	−316 000	−123 000	−202 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 668 000	1 150 000	873 000	1 417 000
Expenditure	3 427 000	1 331 000	788 000	1 352 000
Operating Profit	241 000	−181 000	86 000	65 000
Financial Income	0	0	0	0
Financial Costs	76 000	12 000	8 000	11 000
Financial Balance	−76 000	−12 000	−8 000	−11 000
Earnings Before Tax	165 000	−193 000	79 000	54 000
Tax	0	0	0	0
Net Income	165 000	−193 000	79 000	54 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	744 000	1 329 000	127 000	−9 000
Total Assets	745 000	1 329 000	127 000	−9 000
Total Retained Equity	−182 000	−346 000	−153 000	−232 000
Total Equity	−152 000	−316 000	−123 000	−202 000
Total Long-Term Debt	0	1 000	1 000	0
Total Current Debt	897 000	1 645 000	249 000	194 000
Total Equity and Debt	745 000	1 329 000	127 000	−9 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 257 000	1 150 000	512 000	1 417 000
Other Income	411 000	0	361 000	0
Revenue	3 668 000	1 150 000	873 000	1 417 000
Cost of Goods Sold	465 000	721 000	150 000	344 000
Salary Costs	1 043 000	121 000	279 000	673 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 427 000	1 331 000	788 000	1 352 000
Operating Profit	241 000	−181 000	86 000	65 000
Financial Income	0	0	0	0
Financial Costs	76 000	12 000	8 000	11 000
Financial Balance	−76 000	−12 000	−8 000	−11 000
Dividends	0	0	0	0
Net Income	165 000	−193 000	79 000	54 000

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	645 000	80 000	287 000	38 000
Total Current Assets	744 000	1 329 000	127 000	−9 000
Total Assets	745 000	1 329 000	127 000	−9 000
Total Equity	−152 000	−316 000	−123 000	−202 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 000	1 000	0
Creditors	31 000	394 000	212 000	52 000
Unpaid Taxes	208 000	0	7 000	34 000
Dividends	0	0	0	0
Other Current Debt	658 000	1 251 000	30 000	108 000
Total Current Debt	897 000	1 645 000	249 000	194 000
Total Equity and Debt	745 000	1 329 000	127 000	−9 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−108,55 %	61,08 %	−64,23 %	−26,73 %
Debt-to-Equity Ratio	−0	−0	−0,01	−0
Operating Profit Margin	6,57 %	−15,74 %	9,85 %	4,59 %
Current Ratio	0,83	0,81	0,51	−0,05
Quick Ratio	0,83	0,81	0,51	−0,05
Equity Ratio	−0,2	−0,24	−0,97	22,44
Gross Profit Margin	87,32 %	37,3 %	82,82 %	75,72 %