ARCTIC CHAMBER MUSIC FESTIVAL AS

9170 LONGYEARBYEN

Finances

Share Ownership

Return on Equity

−231,78 %

Current Ratio

3,68

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	374 000	421 000	322 000	38 000
Net Income	−248 000	75 000	186 000	21 000
Total Assets	147 000	415 000	332 000	99 000
Total Equity	107 000	354 000	279 000	93 000

Income (NOK)	2022	2021	2020	2019
Revenue	374 000	421 000	322 000	38 000
Expenditure	621 000	332 000	101 000	1 000
Operating Profit	−248 000	89 000	221 000	37 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−248 000	89 000	221 000	37 000
Tax	0	14 000	35 000	16 000
Net Income	−248 000	75 000	186 000	21 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	147 000	415 000	332 000	99 000
Total Assets	147 000	415 000	332 000	99 000
Total Retained Equity	77 000	324 000	249 000	63 000
Total Equity	107 000	354 000	279 000	93 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	40 000	61 000	52 000	6 000
Total Equity and Debt	147 000	415 000	332 000	99 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	49 000	56 000	122 000	0
Other Income	325 000	365 000	200 000	38 000
Revenue	374 000	421 000	322 000	38 000
Cost of Goods Sold	393 000	161 000	57 000	0
Salary Costs	0	12 000	6 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	621 000	332 000	101 000	1 000
Operating Profit	−248 000	89 000	221 000	37 000
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	−248 000	75 000	186 000	21 000

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	68 000	415 000	332 000	99 000
Total Current Assets	147 000	415 000	332 000	99 000
Total Assets	147 000	415 000	332 000	99 000
Total Equity	107 000	354 000	279 000	93 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	46 000	16 000	0
Unpaid Taxes	0	1 000	1 000	0
Dividends	0	0	0	0
Other Current Debt	40 000	0	0	0
Total Current Debt	40 000	61 000	52 000	6 000
Total Equity and Debt	147 000	415 000	332 000	99 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−231,78 %	21,19 %	66,67 %	22,58 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−66,31 %	21,14 %	68,63 %	97,37 %
Current Ratio	3,68	6,8	6,38	16,5
Quick Ratio	3,68	6,8	6,38	16,5
Equity Ratio	0,73	0,85	0,84	0,94
Gross Profit Margin	−5,08 %	61,76 %	82,3 %	100 %