company

THE FOLK MUSIC ACADEMY AS

7374 RØROS

Finances

Share Ownership

Return on Equity

66,34 %

Current Ratio

1,65

Debt-to-Equity Ratio

0

Key figures (NOK)	2022	2021	2020
Revenue	729 000	523 000	444 000
Net Income	67 000	−66 000	75 000
Total Assets	215 000	84 000	129 000
Total Equity	101 000	34 000	100 000

Income (NOK)	2022	2021	2020
Revenue	729 000	523 000	444 000
Expenditure	660 000	590 000	348 000
Operating Profit	69 000	−67 000	96 000
Financial Income	0	0	0
Financial Costs	2 000	0	0
Financial Balance	−2 000	0	0
Earnings Before Tax	67 000	−67 000	96 000
Tax	0	−1 000	21 000
Net Income	67 000	−66 000	75 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	27 000	37 000	0
Total Current Assets	188 000	47 000	129 000
Total Assets	215 000	84 000	129 000
Total Retained Equity	76 000	9 000	75 000
Total Equity	101 000	34 000	100 000
Total Long-Term Debt	0	0	0
Total Current Debt	114 000	50 000	30 000
Total Equity and Debt	215 000	84 000	129 000

Cash flow (NOK)	2022	2021	2020
Sales Income	629 000	496 000	340 000
Other Income	100 000	27 000	105 000
Revenue	729 000	523 000	444 000
Cost of Goods Sold	71 000	234 000	89 000
Salary Costs	240 000	170 000	94 000
Depreciation	10 000	3 000	0
Impairment	0	0	0
Expenditure	660 000	590 000	348 000
Operating Profit	69 000	−67 000	96 000
Financial Income	0	0	0
Financial Costs	2 000	0	0
Financial Balance	−2 000	0	0
Dividends	0	0	0
Net Income	67 000	−66 000	75 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	27 000	37 000	0
Total Tangible Assets	27 000	37 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	27 000	37 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	121 000	7 000	119 000
Total Current Assets	188 000	47 000	129 000
Total Assets	215 000	84 000	129 000
Total Equity	101 000	34 000	100 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	50 000	13 000	0
Unpaid Taxes	25 000	22 000	0
Dividends	0	0	0
Other Current Debt	38 000	16 000	9 000
Total Current Debt	114 000	50 000	30 000
Total Equity and Debt	215 000	84 000	129 000

Financial indicators	2022	2021	2020
Return on Equity	66,34 %	−194,12 %	75 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	9,47 %	−12,81 %	21,62 %
Current Ratio	1,65	0,94	4,3
Quick Ratio	1,65	0,94	4,3
Equity Ratio	0,47	0,4	0,78
Gross Profit Margin	90,26 %	55,26 %	79,95 %

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