OLAVA MUSIC AS

0654 OSLO

Finances

Share Ownership

Return on Equity

0,71 %

Current Ratio

2,73

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 747 000	1 450 000	815 000	903 000
Net Income	5 000	380 000	156 000	139 000
Total Assets	1 074 000	1 152 000	460 000	500 000
Total Equity	704 000	699 000	319 000	163 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 747 000	1 450 000	815 000	903 000
Expenditure	1 743 000	948 000	612 000	725 000
Operating Profit	5 000	501 000	203 000	178 000
Financial Income	2 000	0	0	0
Financial Costs	0	0	3 000	1 000
Financial Balance	2 000	0	−3 000	−1 000
Earnings Before Tax	6 000	501 000	200 000	176 000
Tax	1 000	121 000	44 000	38 000
Net Income	5 000	380 000	156 000	139 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	71 000	80 000	0	0
Total Current Assets	1 003 000	1 072 000	460 000	500 000
Total Assets	1 074 000	1 152 000	460 000	500 000
Total Retained Equity	674 000	669 000	289 000	133 000
Total Equity	704 000	699 000	319 000	163 000
Total Long-Term Debt	3 000	2 000	0	0
Total Current Debt	367 000	451 000	141 000	337 000
Total Equity and Debt	1 074 000	1 152 000	460 000	500 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 747 000	1 450 000	815 000	903 000
Other Income	0	0	0	0
Revenue	1 747 000	1 450 000	815 000	903 000
Cost of Goods Sold	176 000	175 000	81 000	107 000
Salary Costs	1 387 000	615 000	422 000	581 000
Depreciation	9 000	9 000	0	0
Impairment	0	0	0	0
Expenditure	1 743 000	948 000	612 000	725 000
Operating Profit	5 000	501 000	203 000	178 000
Financial Income	2 000	0	0	0
Financial Costs	0	0	3 000	1 000
Financial Balance	2 000	0	−3 000	−1 000
Dividends	0	0	0	0
Net Income	5 000	380 000	156 000	139 000

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	71 000	80 000	0	0
Total Tangible Assets	71 000	80 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	71 000	80 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	507 000	777 000	460 000	500 000
Total Current Assets	1 003 000	1 072 000	460 000	500 000
Total Assets	1 074 000	1 152 000	460 000	500 000
Total Equity	704 000	699 000	319 000	163 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 000	2 000	0	0
Creditors	6 000	3 000	4 000	15 000
Unpaid Taxes	178 000	239 000	66 000	208 000
Dividends	0	0	0	0
Other Current Debt	183 000	101 000	45 000	82 000
Total Current Debt	367 000	451 000	141 000	337 000
Total Equity and Debt	1 074 000	1 152 000	460 000	500 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,71 %	54,36 %	48,9 %	85,28 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	0,29 %	34,55 %	24,91 %	19,71 %
Current Ratio	2,73	2,38	3,26	1,48
Quick Ratio	2,73	2,38	3,26	1,48
Equity Ratio	0,66	0,61	0,69	0,33
Gross Profit Margin	89,93 %	87,93 %	90,06 %	88,15 %