MODERN ART GALLERY AS

7011 TRONDHEIM

Finances

Share Ownership

Return on Equity

−1,65 %

Current Ratio

1,79

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 186 000	8 999 000	8 297 000	7 603 000
Net Income	−16 000	29 000	23 000	28 000
Total Assets	2 133 000	2 541 000	2 317 000	1 990 000
Total Equity	968 000	984 000	955 000	932 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 186 000	8 999 000	8 297 000	7 603 000
Expenditure	7 397 000	8 943 000	8 268 000	7 566 000
Operating Profit	−16 000	35 000	29 000	37 000
Financial Income	0	4 000	4 000	4 000
Financial Costs	0	0	1 000	3 000
Financial Balance	0	4 000	3 000	1 000
Earnings Before Tax	−16 000	39 000	32 000	37 000
Tax	0	9 000	9 000	9 000
Net Income	−16 000	29 000	23 000	28 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	43 000	10 000	15 000	31 000
Total Current Assets	2 091 000	2 532 000	2 302 000	1 958 000
Total Assets	2 133 000	2 541 000	2 317 000	1 990 000
Total Retained Equity	868 000	884 000	855 000	832 000
Total Equity	968 000	984 000	955 000	932 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 165 000	1 557 000	1 363 000	1 058 000
Total Equity and Debt	2 133 000	2 541 000	2 317 000	1 990 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 185 000	8 650 000	8 091 000	7 465 000
Other Income	1 000	349 000	206 000	138 000
Revenue	7 186 000	8 999 000	8 297 000	7 603 000
Cost of Goods Sold	3 031 000	4 268 000	3 585 000	2 915 000
Salary Costs	2 757 000	3 032 000	2 897 000	2 859 000
Depreciation	2 000	3 000	14 000	34 000
Impairment	0	0	0	0
Expenditure	7 397 000	8 943 000	8 268 000	7 566 000
Operating Profit	−16 000	35 000	29 000	37 000
Financial Income	0	4 000	4 000	4 000
Financial Costs	0	0	1 000	3 000
Financial Balance	0	4 000	3 000	1 000
Dividends	0	0	0	0
Net Income	−16 000	29 000	23 000	28 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 000	10 000	12 000	14 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	33 000	0	3 000	17 000
Total Tangible Assets	33 000	0	3 000	17 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	43 000	10 000	15 000	31 000
Stock	1 001 000	806 000	826 000	953 000
Total Investments	0	0	0	0
Cash, Bank	1 047 000	1 553 000	1 255 000	778 000
Total Current Assets	2 091 000	2 532 000	2 302 000	1 958 000
Total Assets	2 133 000	2 541 000	2 317 000	1 990 000
Total Equity	968 000	984 000	955 000	932 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	388 000	463 000	308 000	203 000
Unpaid Taxes	215 000	314 000	242 000	151 000
Dividends	0	0	0	0
Other Current Debt	562 000	774 000	806 000	697 000
Total Current Debt	1 165 000	1 557 000	1 363 000	1 058 000
Total Equity and Debt	2 133 000	2 541 000	2 317 000	1 990 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,65 %	2,95 %	2,41 %	3 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−0,22 %	0,39 %	0,35 %	0,49 %
Current Ratio	1,79	1,63	1,69	1,85
Quick Ratio	12,75	3,37	4,29	18,65
Equity Ratio	0,45	0,39	0,41	0,47
Gross Profit Margin	57,82 %	52,57 %	56,79 %	61,66 %