MUSIC ART DESIGN AS

0755 OSLO

Finances

Share Ownership

Return on Equity

355 %

Current Ratio

0,63

Debt-to-Equity Ratio

−2,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	971 000	326 000	409 000	732 000
Net Income	−71 000	75 000	−9 000	−60 000
Total Assets	163 000	122 000	113 000	286 000
Total Equity	−20 000	43 000	−37 000	−28 000

Income (NOK)	2022	2021	2020	2019
Revenue	971 000	326 000	409 000	732 000
Expenditure	1 042 000	230 000	422 000	806 000
Operating Profit	−70 000	97 000	−12 000	−75 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	1 000
Financial Balance	0	0	0	−1 000
Earnings Before Tax	−71 000	97 000	−12 000	−75 000
Tax	0	22 000	−3 000	−15 000
Net Income	−71 000	75 000	−9 000	−60 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	77 000	49 000	93 000	240 000
Total Current Assets	86 000	74 000	20 000	46 000
Total Assets	163 000	122 000	113 000	286 000
Total Retained Equity	−50 000	13 000	−62 000	−52 000
Total Equity	−20 000	43 000	−37 000	−28 000
Total Long-Term Debt	46 000	0	0	0
Total Current Debt	137 000	79 000	150 000	314 000
Total Equity and Debt	163 000	122 000	113 000	286 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	965 000	308 000	387 000	377 000
Other Income	6 000	18 000	22 000	355 000
Revenue	971 000	326 000	409 000	732 000
Cost of Goods Sold	305 000	74 000	91 000	412 000
Salary Costs	425 000	−54 000	39 000	6 000
Depreciation	21 000	21 000	44 000	89 000
Impairment	0	0	0	0
Expenditure	1 042 000	230 000	422 000	806 000
Operating Profit	−70 000	97 000	−12 000	−75 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	1 000
Financial Balance	0	0	0	−1 000
Dividends	0	0	0	0
Net Income	−71 000	75 000	−9 000	−60 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	15 000	12 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	49 000	49 000	78 000	228 000
Total Tangible Assets	49 000	49 000	78 000	228 000
Total Fiancial Fixed Assets	28 000	0	0	0
Total Fixed Assets	77 000	49 000	93 000	240 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	40 000	12 000	2 000	0
Total Current Assets	86 000	74 000	20 000	46 000
Total Assets	163 000	122 000	113 000	286 000
Total Equity	−20 000	43 000	−37 000	−28 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	46 000	0	0	0
Creditors	54 000	34 000	33 000	43 000
Unpaid Taxes	−13 000	1 000	0	16 000
Dividends	0	0	0	0
Other Current Debt	97 000	36 000	117 000	255 000
Total Current Debt	137 000	79 000	150 000	314 000
Total Equity and Debt	163 000	122 000	113 000	286 000

Financial indicators	2022	2021	2020	2019
Return on Equity	355 %	174,42 %	24,32 %	214,29 %
Debt-to-Equity Ratio	−2,3	0	−0	−0
Operating Profit Margin	−7,21 %	29,75 %	−2,93 %	−10,25 %
Current Ratio	0,63	0,94	0,13	0,15
Quick Ratio	0,63	0,94	0,13	0,15
Equity Ratio	−0,12	0,35	−0,33	−0,1
Gross Profit Margin	68,59 %	77,3 %	77,75 %	43,72 %