STEENERSEN MUSIC AS

1405 LANGHUS

Finances

Share Ownership

Return on Equity

2,89 %

Current Ratio

7,75

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	527 000	514 000	1 165 000	754 000
Net Income	11 000	−59 000	345 000	49 000
Total Assets	432 000	506 000	760 000	138 000
Total Equity	381 000	370 000	429 000	83 000

Income (NOK)	2022	2021	2020	2019
Revenue	527 000	514 000	1 165 000	754 000
Expenditure	512 000	588 000	721 000	691 000
Operating Profit	14 000	−76 000	443 000	63 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	14 000	−76 000	443 000	63 000
Tax	3 000	−17 000	97 000	14 000
Net Income	11 000	−59 000	345 000	49 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	38 000	21 000	4 000	4 000
Total Current Assets	395 000	486 000	756 000	134 000
Total Assets	432 000	506 000	760 000	138 000
Total Retained Equity	331 000	320 000	379 000	33 000
Total Equity	381 000	370 000	429 000	83 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	51 000	137 000	331 000	54 000
Total Equity and Debt	432 000	506 000	760 000	138 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	490 000	514 000	1 145 000	754 000
Other Income	37 000	0	19 000	0
Revenue	527 000	514 000	1 165 000	754 000
Cost of Goods Sold	2 000	29 000	17 000	0
Salary Costs	383 000	383 000	458 000	450 000
Depreciation	2 000	0	0	0
Impairment	0	0	0	0
Expenditure	512 000	588 000	721 000	691 000
Operating Profit	14 000	−76 000	443 000	63 000
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	11 000	−59 000	345 000	49 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	14 000	17 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	20 000	0	0	0
Total Tangible Assets	20 000	0	0	0
Total Fiancial Fixed Assets	4 000	4 000	4 000	4 000
Total Fixed Assets	38 000	21 000	4 000	4 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	377 000	482 000	738 000	120 000
Total Current Assets	395 000	486 000	756 000	134 000
Total Assets	432 000	506 000	760 000	138 000
Total Equity	381 000	370 000	429 000	83 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	5 000	4 000	6 000	8 000
Unpaid Taxes	6 000	65 000	0	0
Dividends	0	0	0	0
Other Current Debt	40 000	67 000	227 000	32 000
Total Current Debt	51 000	137 000	331 000	54 000
Total Equity and Debt	432 000	506 000	760 000	138 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,89 %	−15,95 %	80,42 %	59,04 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,66 %	−14,79 %	38,03 %	8,36 %
Current Ratio	7,75	3,55	2,28	2,48
Quick Ratio	7,75	3,55	2,28	2,48
Equity Ratio	0,88	0,73	0,56	0,6
Gross Profit Margin	99,62 %	94,36 %	98,54 %	100 %