HIGH NORTH MUSIC AS

9009 TROMSØ

Finances

Share Ownership

Return on Equity

81,36 %

Current Ratio

−1,57

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	113 000	124 000	43 000	202 000
Net Income	48 000	−34 000	−54 000	−10 000
Total Assets	36 000	21 000	33 000	100 000
Total Equity	59 000	12 000	46 000	100 000

Income (NOK)	2022	2021	2020	2019
Revenue	113 000	124 000	43 000	202 000
Expenditure	67 000	168 000	97 000	213 000
Operating Profit	47 000	−44 000	−54 000	−10 000
Financial Income	1 000	0	0	0
Financial Costs	0	1 000	0	0
Financial Balance	1 000	−1 000	0	0
Earnings Before Tax	48 000	−45 000	−54 000	−10 000
Tax	0	−11 000	0	0
Net Income	48 000	−34 000	−54 000	−10 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	1 000	8 000	15 000
Total Current Assets	36 000	20 000	25 000	85 000
Total Assets	36 000	21 000	33 000	100 000
Total Retained Equity	38 000	−10 000	24 000	78 000
Total Equity	59 000	12 000	46 000	100 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	−23 000	9 000	−13 000	0
Total Equity and Debt	36 000	21 000	33 000	100 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	64 000	124 000	43 000	54 000
Other Income	49 000	0	0	148 000
Revenue	113 000	124 000	43 000	202 000
Cost of Goods Sold	30 000	107 000	52 000	105 000
Salary Costs	0	0	0	0
Depreciation	1 000	7 000	7 000	7 000
Impairment	0	0	0	0
Expenditure	67 000	168 000	97 000	213 000
Operating Profit	47 000	−44 000	−54 000	−10 000
Financial Income	1 000	0	0	0
Financial Costs	0	1 000	0	0
Financial Balance	1 000	−1 000	0	0
Dividends	0	0	0	0
Net Income	48 000	−34 000	−54 000	−10 000

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	1 000	8 000	15 000
Total Tangible Assets	0	1 000	8 000	15 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	1 000	8 000	15 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	35 000	8 000	24 000	79 000
Total Current Assets	36 000	20 000	25 000	85 000
Total Assets	36 000	21 000	33 000	100 000
Total Equity	59 000	12 000	46 000	100 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 000	4 000	−4 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	−28 000	5 000	−8 000	0
Total Current Debt	−23 000	9 000	−13 000	0
Total Equity and Debt	36 000	21 000	33 000	100 000

Financial indicators	2022	2021	2020	2019
Return on Equity	81,36 %	−283,33 %	−117,39 %	−10 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	41,59 %	−35,48 %	−125,58 %	−4,95 %
Current Ratio	−1,57	2,22	−1,92	-
Quick Ratio	−1,57	2,22	−1,92	-
Equity Ratio	1,64	0,57	1,39	1
Gross Profit Margin	73,45 %	13,71 %	−20,93 %	48,02 %