MUSIKKBAR GARMAN AS

4006 STAVANGER

Finances

Share Ownership

Return on Equity

22,01 %

Current Ratio

1,28

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 087 000	7 211 000	8 310 000	12 385 000
Net Income	243 000	387 000	−255 000	−184 000
Total Assets	3 710 000	2 914 000	2 423 000	3 094 000
Total Equity	1 104 000	1 149 000	837 000	1 063 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 087 000	7 211 000	8 310 000	12 385 000
Expenditure	12 762 000	6 800 000	8 566 000	12 569 000
Operating Profit	325 000	411 000	−255 000	−185 000
Financial Income	8 000	1 000	3 000	7 000
Financial Costs	8 000	4 000	3 000	6 000
Financial Balance	0	−3 000	0	1 000
Earnings Before Tax	325 000	408 000	−255 000	−184 000
Tax	81 000	21 000	0	0
Net Income	243 000	387 000	−255 000	−184 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	367 000	433 000	533 000	355 000
Total Current Assets	3 343 000	2 481 000	1 890 000	2 739 000
Total Assets	3 710 000	2 914 000	2 423 000	3 094 000
Total Retained Equity	267 000	312 000	0	206 000
Total Equity	1 104 000	1 149 000	837 000	1 063 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 606 000	1 765 000	1 586 000	2 031 000
Total Equity and Debt	3 710 000	2 914 000	2 423 000	3 094 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 830 000	6 666 000	8 149 000	11 709 000
Other Income	258 000	545 000	161 000	675 000
Revenue	13 087 000	7 211 000	8 310 000	12 385 000
Cost of Goods Sold	3 553 000	1 694 000	2 301 000	3 436 000
Salary Costs	3 633 000	1 629 000	2 298 000	3 936 000
Depreciation	126 000	130 000	116 000	51 000
Impairment	0	0	0	0
Expenditure	12 762 000	6 800 000	8 566 000	12 569 000
Operating Profit	325 000	411 000	−255 000	−185 000
Financial Income	8 000	1 000	3 000	7 000
Financial Costs	8 000	4 000	3 000	6 000
Financial Balance	0	−3 000	0	1 000
Dividends	0	0	0	0
Net Income	243 000	387 000	−255 000	−184 000

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	307 000	433 000	533 000	355 000
Total Tangible Assets	307 000	433 000	533 000	355 000
Total Fiancial Fixed Assets	60 000	0	0	0
Total Fixed Assets	367 000	433 000	533 000	355 000
Stock	585 000	522 000	413 000	799 000
Total Investments	0	0	0	0
Cash, Bank	2 484 000	1 570 000	826 000	1 661 000
Total Current Assets	3 343 000	2 481 000	1 890 000	2 739 000
Total Assets	3 710 000	2 914 000	2 423 000	3 094 000
Total Equity	1 104 000	1 149 000	837 000	1 063 000
Short-Term Group Debt	1 175 000	784 000	702 000	693 000
Total Long-Term Debt	0	0	0	0
Creditors	725 000	329 000	491 000	588 000
Unpaid Taxes	347 000	335 000	158 000	452 000
Dividends	0	0	0	0
Other Current Debt	359 000	316 000	235 000	298 000
Total Current Debt	2 606 000	1 765 000	1 586 000	2 031 000
Total Equity and Debt	3 710 000	2 914 000	2 423 000	3 094 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,01 %	33,68 %	−30,47 %	−17,31 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,48 %	5,7 %	−3,07 %	−1,49 %
Current Ratio	1,28	1,41	1,19	1,35
Quick Ratio	1,65	2	1,61	2,22
Equity Ratio	0,3	0,39	0,35	0,34
Gross Profit Margin	72,85 %	76,51 %	72,31 %	72,26 %