KUNSTSKOLEN I ROGALAND

4012 STAVANGER

Finances

Return on Equity

13,59 %

Current Ratio

2,07

Debt-to-Equity Ratio

1,33

Key figures (NOK)	2018	2017	2016	2015
Revenue	7 460 000	7 685 000	6 966 000	6 761 000
Net Income	386 000	188 000	394 000	260 000
Total Assets	8 613 000	7 577 000	7 713 000	7 649 000
Total Equity	2 841 000	2 455 000	2 266 000	1 872 000

Income (NOK)	2018	2017	2016	2015
Revenue	7 460 000	7 685 000	6 966 000	6 761 000
Expenditure	6 919 000	7 368 000	6 419 000	6 277 000
Operating Profit	540 000	316 000	547 000	484 000
Financial Income	47 000	90 000	81 000	68 000
Financial Costs	202 000	218 000	234 000	293 000
Financial Balance	−155 000	−128 000	−153 000	−225 000
Earnings Before Tax	386 000	188 000	394 000	260 000
Tax	0	0	0	0
Net Income	386 000	188 000	394 000	260 000

Balance (NOK)	2018	2017	2016	2015
Total Fixed Assets	4 500 000	4 900 000	5 300 000	5 700 000
Total Current Assets	4 113 000	2 677 000	2 413 000	1 949 000
Total Assets	8 613 000	7 577 000	7 713 000	7 649 000
Total Retained Equity	0	0	0	0
Total Equity	2 841 000	2 455 000	2 266 000	1 872 000
Total Long-Term Debt	3 786 000	4 135 000	4 468 000	4 784 000
Total Current Debt	1 986 000	987 000	979 000	993 000
Total Equity and Debt	8 613 000	7 577 000	7 713 000	7 649 000

Cash flow (NOK)	2018	2017	2016	2015
Sales Income	7 368 000	7 164 000	6 899 000	6 626 000
Other Income	92 000	521 000	67 000	135 000
Revenue	7 460 000	7 685 000	6 966 000	6 761 000
Cost of Goods Sold	2 486 000	2 932 000	2 426 000	0
Salary Costs	4 094 000	4 141 000	3 725 000	3 616 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	6 919 000	7 368 000	6 419 000	6 277 000
Operating Profit	540 000	316 000	547 000	484 000
Financial Income	47 000	90 000	81 000	68 000
Financial Costs	202 000	218 000	234 000	293 000
Financial Balance	−155 000	−128 000	−153 000	−225 000
Dividends	0	0	0	0
Net Income	386 000	188 000	394 000	260 000

Balance details (NOK)	2018	2017	2016	2015
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 500 000	4 900 000	5 300 000	5 700 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 500 000	4 900 000	5 300 000	5 700 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 500 000	4 900 000	5 300 000	5 700 000
Stock	0	0	0	0
Total Investments	652 000	645 000	589 000	537 000
Cash, Bank	3 373 000	1 920 000	1 696 000	1 374 000
Total Current Assets	4 113 000	2 677 000	2 413 000	1 949 000
Total Assets	8 613 000	7 577 000	7 713 000	7 649 000
Total Equity	2 841 000	2 455 000	2 266 000	1 872 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 786 000	4 135 000	4 468 000	4 784 000
Creditors	0	0	0	365 000
Unpaid Taxes	267 000	227 000	216 000	235 000
Dividends	0	0	0	0
Other Current Debt	1 719 000	760 000	763 000	392 000
Total Current Debt	1 986 000	987 000	979 000	993 000
Total Equity and Debt	8 613 000	7 577 000	7 713 000	7 649 000

Financial indicators	2018	2017	2016	2015
Return on Equity	13,59 %	7,66 %	17,39 %	13,89 %
Debt-to-Equity Ratio	1,33	1,68	1,97	2,56
Operating Profit Margin	7,24 %	4,11 %	7,85 %	7,16 %
Current Ratio	2,07	2,71	2,46	1,96
Quick Ratio	2,07	2,71	2,46	1,96
Equity Ratio	0,33	0,32	0,29	0,24
Gross Profit Margin	66,68 %	61,85 %	65,17 %	100 %