MUSICORUM AS

8206 FAUSKE

Finances

Share Ownership

Return on Equity

43,33 %

Current Ratio

0,46

Debt-to-Equity Ratio

−0,02

Key figures (NOK)	2022	2021	2020
Revenue	755 000	415 000	59 000
Net Income	−247 000	−307 000	−46 000
Total Assets	614 000	−134 000	70 000
Total Equity	−570 000	−323 000	−16 000

Income (NOK)	2022	2021	2020
Revenue	755 000	415 000	59 000
Expenditure	1 002 000	713 000	104 000
Operating Profit	−247 000	−298 000	−46 000
Financial Income	0	0	0
Financial Costs	0	9 000	0
Financial Balance	0	−9 000	0
Earnings Before Tax	−247 000	−307 000	−46 000
Tax	0	0	0
Net Income	−247 000	−307 000	−46 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	75 000	27 000	33 000
Total Current Assets	538 000	−161 000	38 000
Total Assets	614 000	−134 000	70 000
Total Retained Equity	−600 000	−353 000	−46 000
Total Equity	−570 000	−323 000	−16 000
Total Long-Term Debt	12 000	12 000	0
Total Current Debt	1 171 000	177 000	86 000
Total Equity and Debt	614 000	−134 000	70 000

Cash flow (NOK)	2022	2021	2020
Sales Income	755 000	405 000	36 000
Other Income	0	10 000	23 000
Revenue	755 000	415 000	59 000
Cost of Goods Sold	572 000	374 000	49 000
Salary Costs	4 000	1 000	2 000
Depreciation	13 000	6 000	3 000
Impairment	0	0	0
Expenditure	1 002 000	713 000	104 000
Operating Profit	−247 000	−298 000	−46 000
Financial Income	0	0	0
Financial Costs	0	9 000	0
Financial Balance	0	−9 000	0
Dividends	0	0	0
Net Income	−247 000	−307 000	−46 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	6 000	6 000	6 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	70 000	21 000	27 000
Total Tangible Assets	70 000	21 000	27 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	75 000	27 000	33 000
Stock	128 000	0	0
Total Investments	0	0	0
Cash, Bank	410 000	−133 000	35 000
Total Current Assets	538 000	−161 000	38 000
Total Assets	614 000	−134 000	70 000
Total Equity	−570 000	−323 000	−16 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	12 000	12 000	0
Creditors	9 000	34 000	0
Unpaid Taxes	30 000	2 000	−2 000
Dividends	0	0	0
Other Current Debt	1 132 000	140 000	88 000
Total Current Debt	1 171 000	177 000	86 000
Total Equity and Debt	614 000	−134 000	70 000

Financial indicators	2022	2021	2020
Return on Equity	43,33 %	95,05 %	287,5 %
Debt-to-Equity Ratio	−0,02	−0,04	−0
Operating Profit Margin	−32,72 %	−71,81 %	−77,97 %
Current Ratio	0,46	−0,91	0,44
Quick Ratio	0,52	−0,91	0,44
Equity Ratio	−0,93	2,41	−0,23
Gross Profit Margin	24,24 %	9,88 %	16,95 %