JORGES MUSIKK AS

0357 OSLO

Finances

Return on Equity

6,9 %

Current Ratio

4,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 421 000	3 623 000	3 965 000	5 078 000
Net Income	159 000	134 000	241 000	348 000
Total Assets	2 968 000	2 947 000	3 044 000	2 855 000
Total Equity	2 303 000	2 302 000	2 302 000	2 181 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 421 000	3 623 000	3 965 000	5 078 000
Expenditure	3 262 000	3 451 000	3 656 000	4 636 000
Operating Profit	159 000	172 000	310 000	442 000
Financial Income	35 000	0	9 000	5 000
Financial Costs	0	0	11 000	1 000
Financial Balance	35 000	0	−2 000	4 000
Earnings Before Tax	194 000	172 000	307 000	446 000
Tax	35 000	38 000	67 000	98 000
Net Income	159 000	134 000	241 000	348 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	153 000	153 000	153 000	153 000
Total Current Assets	2 814 000	2 794 000	2 891 000	2 701 000
Total Assets	2 968 000	2 947 000	3 044 000	2 855 000
Total Retained Equity	2 203 000	2 202 000	2 202 000	2 081 000
Total Equity	2 303 000	2 302 000	2 302 000	2 181 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	665 000	645 000	742 000	673 000
Total Equity and Debt	2 968 000	2 947 000	3 044 000	2 855 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 402 000	3 623 000	3 965 000	5 078 000
Other Income	19 000	0	0	0
Revenue	3 421 000	3 623 000	3 965 000	5 078 000
Cost of Goods Sold	2 024 000	2 268 000	2 636 000	3 367 000
Salary Costs	825 000	793 000	613 000	822 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 262 000	3 451 000	3 656 000	4 636 000
Operating Profit	159 000	172 000	310 000	442 000
Financial Income	35 000	0	9 000	5 000
Financial Costs	0	0	11 000	1 000
Financial Balance	35 000	0	−2 000	4 000
Dividends	158 000	134 000	120 000	100 000
Net Income	159 000	134 000	241 000	348 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	153 000	153 000	153 000	153 000
Total Fixed Assets	153 000	153 000	153 000	153 000
Stock	1 434 000	1 681 000	1 783 000	1 519 000
Total Investments	0	0	0	0
Cash, Bank	1 211 000	1 039 000	920 000	1 004 000
Total Current Assets	2 814 000	2 794 000	2 891 000	2 701 000
Total Assets	2 968 000	2 947 000	3 044 000	2 855 000
Total Equity	2 303 000	2 302 000	2 302 000	2 181 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	99 000	3 000	21 000	6 000
Unpaid Taxes	276 000	380 000	308 000	380 000
Dividends	158 000	134 000	120 000	100 000
Other Current Debt	254 000	91 000	226 000	90 000
Total Current Debt	665 000	645 000	742 000	673 000
Total Equity and Debt	2 968 000	2 947 000	3 044 000	2 855 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,9 %	5,82 %	10,47 %	15,96 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,65 %	4,75 %	7,82 %	8,7 %
Current Ratio	4,23	4,33	3,9	4,01
Quick Ratio	−3,66	−2,7	−2,78	−3,19
Equity Ratio	0,78	0,78	0,76	0,76
Gross Profit Margin	40,84 %	37,4 %	33,52 %	33,69 %