HELLAND MUSIKKSENTER AS

3734 SKIEN

Finances

Share Ownership

Return on Equity

36,39 %

Current Ratio

1,74

Debt-to-Equity Ratio

1,7

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 928 000	3 883 000	3 780 000	3 624 000
Net Income	115 000	159 000	187 000	158 000
Total Assets	2 015 000	2 010 000	2 197 000	2 622 000
Total Equity	316 000	201 000	42 000	−144 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 928 000	3 883 000	3 780 000	3 624 000
Expenditure	3 746 000	3 661 000	3 511 000	3 347 000
Operating Profit	181 000	223 000	269 000	277 000
Financial Income	1 000	0	0	0
Financial Costs	67 000	64 000	83 000	119 000
Financial Balance	−66 000	−64 000	−83 000	−119 000
Earnings Before Tax	115 000	159 000	187 000	158 000
Tax	0	0	0	0
Net Income	115 000	159 000	187 000	158 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	1 000	1 000
Total Current Assets	2 015 000	2 010 000	2 196 000	2 621 000
Total Assets	2 015 000	2 010 000	2 197 000	2 622 000
Total Retained Equity	−184 000	−299 000	−458 000	−644 000
Total Equity	316 000	201 000	42 000	−144 000
Total Long-Term Debt	537 000	781 000	1 037 000	1 090 000
Total Current Debt	1 161 000	1 028 000	1 117 000	1 676 000
Total Equity and Debt	2 015 000	2 010 000	2 197 000	2 622 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 928 000	3 883 000	3 780 000	3 624 000
Other Income	0	0	0	0
Revenue	3 928 000	3 883 000	3 780 000	3 624 000
Cost of Goods Sold	2 535 000	2 717 000	2 653 000	2 136 000
Salary Costs	693 000	411 000	362 000	730 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 746 000	3 661 000	3 511 000	3 347 000
Operating Profit	181 000	223 000	269 000	277 000
Financial Income	1 000	0	0	0
Financial Costs	67 000	64 000	83 000	119 000
Financial Balance	−66 000	−64 000	−83 000	−119 000
Dividends	0	0	0	0
Net Income	115 000	159 000	187 000	158 000

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	0	0	1 000	1 000
Total Fixed Assets	0	0	1 000	1 000
Stock	1 737 000	1 829 000	2 082 000	2 447 000
Total Investments	0	0	0	0
Cash, Bank	120 000	154 000	86 000	94 000
Total Current Assets	2 015 000	2 010 000	2 196 000	2 621 000
Total Assets	2 015 000	2 010 000	2 197 000	2 622 000
Total Equity	316 000	201 000	42 000	−144 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	537 000	781 000	1 037 000	1 090 000
Creditors	441 000	414 000	360 000	635 000
Unpaid Taxes	123 000	145 000	127 000	213 000
Dividends	0	0	0	0
Other Current Debt	597 000	469 000	584 000	643 000
Total Current Debt	1 161 000	1 028 000	1 117 000	1 676 000
Total Equity and Debt	2 015 000	2 010 000	2 197 000	2 622 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,39 %	79,1 %	445,24 %	−109,72 %
Debt-to-Equity Ratio	1,7	3,89	24,69	−7,57
Operating Profit Margin	4,61 %	5,74 %	7,12 %	7,64 %
Current Ratio	1,74	1,96	1,97	1,56
Quick Ratio	−3,5	−2,51	−2,28	−3,4
Equity Ratio	0,16	0,1	0,02	−0,05
Gross Profit Margin	35,46 %	30,03 %	29,81 %	41,06 %