STRAND GUITARS AS

4014 STAVANGER

Finances

Share Ownership

Return on Equity

−60 %

Current Ratio

2,45

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	497 000	699 000	175 000
Net Income	−99 000	62 000	77 000
Total Assets	264 000	404 000	250 000
Total Equity	165 000	263 000	202 000

Income (NOK)	2022	2021	2020
Revenue	497 000	699 000	175 000
Expenditure	594 000	620 000	76 000
Operating Profit	−98 000	79 000	99 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Earnings Before Tax	−98 000	79 000	99 000
Tax	1 000	17 000	22 000
Net Income	−99 000	62 000	77 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	21 000	31 000	41 000
Total Current Assets	243 000	373 000	210 000
Total Assets	264 000	404 000	250 000
Total Retained Equity	40 000	139 000	77 000
Total Equity	165 000	263 000	202 000
Total Long-Term Debt	0	0	0
Total Current Debt	99 000	141 000	49 000
Total Equity and Debt	264 000	404 000	250 000

Cash flow (NOK)	2022	2021	2020
Sales Income	497 000	699 000	175 000
Other Income	0	0	0
Revenue	497 000	699 000	175 000
Cost of Goods Sold	68 000	93 000	−77 000
Salary Costs	377 000	390 000	44 000
Depreciation	10 000	10 000	9 000
Impairment	0	0	0
Expenditure	594 000	620 000	76 000
Operating Profit	−98 000	79 000	99 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Dividends	0	0	0
Net Income	−99 000	62 000	77 000

Balance details (NOK)	2022	2021	2020
Goodwill	13 000	19 000	25 000
Total Intangible Assets	13 000	19 000	25 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	8 000	12 000	16 000
Total Tangible Assets	8 000	12 000	16 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	21 000	31 000	41 000
Stock	162 000	168 000	153 000
Total Investments	0	0	0
Cash, Bank	68 000	77 000	54 000
Total Current Assets	243 000	373 000	210 000
Total Assets	264 000	404 000	250 000
Total Equity	165 000	263 000	202 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	2 000	1 000
Unpaid Taxes	50 000	86 000	15 000
Dividends	0	0	0
Other Current Debt	49 000	36 000	12 000
Total Current Debt	99 000	141 000	49 000
Total Equity and Debt	264 000	404 000	250 000

Financial indicators	2022	2021	2020
Return on Equity	−60 %	23,57 %	38,12 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	−19,72 %	11,3 %	56,57 %
Current Ratio	2,45	2,65	4,29
Quick Ratio	−3,86	−13,81	−2,02
Equity Ratio	0,63	0,65	0,81
Gross Profit Margin	86,32 %	86,7 %	144 %