NORDIC INSTITUTE OF ART AS

0273 OSLO

Finances

Share Ownership

Return on Equity

28,81 %

Current Ratio

0,95

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	785 000	181 000	86 000	509 000
Net Income	17 000	0	2 000	8 000
Total Assets	768 000	307 000	38 000	112 000
Total Equity	59 000	42 000	36 000	30 000

Income (NOK)	2022	2021	2020	2019
Revenue	785 000	181 000	86 000	509 000
Expenditure	756 000	180 000	84 000	501 000
Operating Profit	29 000	0	2 000	8 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	28 000	0	2 000	8 000
Tax	12 000	0	0	0
Net Income	17 000	0	2 000	8 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	98 000	28 000	37 000	45 000
Total Current Assets	670 000	279 000	1 000	67 000
Total Assets	768 000	307 000	38 000	112 000
Total Retained Equity	29 000	17 000	2 000	0
Total Equity	59 000	42 000	36 000	30 000
Total Long-Term Debt	4 000	0	0	0
Total Current Debt	705 000	265 000	2 000	82 000
Total Equity and Debt	768 000	307 000	38 000	112 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	785 000	181 000	86 000	509 000
Other Income	0	0	0	0
Revenue	785 000	181 000	86 000	509 000
Cost of Goods Sold	216 000	0	0	0
Salary Costs	346 000	57 000	0	233 000
Depreciation	20 000	8 000	0	0
Impairment	0	0	0	0
Expenditure	756 000	180 000	84 000	501 000
Operating Profit	29 000	0	2 000	8 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	17 000	0	2 000	8 000

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	98 000	28 000	37 000	45 000
Total Tangible Assets	98 000	28 000	37 000	45 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	98 000	28 000	37 000	45 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	470 000	179 000	1 000	61 000
Total Current Assets	670 000	279 000	1 000	67 000
Total Assets	768 000	307 000	38 000	112 000
Total Equity	59 000	42 000	36 000	30 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 000	0	0	0
Creditors	0	41 000	1 000	0
Unpaid Taxes	21 000	4 000	0	6 000
Dividends	0	0	0	0
Other Current Debt	671 000	215 000	0	76 000
Total Current Debt	705 000	265 000	2 000	82 000
Total Equity and Debt	768 000	307 000	38 000	112 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,81 %	0 %	5,56 %	26,67 %
Debt-to-Equity Ratio	0,07	0	0	0
Operating Profit Margin	3,69 %	0 %	2,33 %	1,57 %
Current Ratio	0,95	1,05	0,5	0,82
Quick Ratio	0,95	1,05	0,5	0,82
Equity Ratio	0,08	0,14	0,95	0,27
Gross Profit Margin	72,48 %	100 %	100 %	100 %