STAVANGER KUNSTFORENING

4009 STAVANGER

Finances

Share Ownership

Return on Equity

−16,3 %

Current Ratio

1,18

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 803 000	6 160 000	5 664 000	5 768 000
Net Income	−3 728 000	−2 832 000	−920 000	−3 678 000
Total Assets	26 387 000	29 006 000	30 786 000	31 744 000
Total Equity	22 875 000	26 603 000	29 435 000	30 354 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 803 000	6 160 000	5 664 000	5 768 000
Expenditure	10 244 000	10 263 000	7 278 000	10 292 000
Operating Profit	−4 440 000	−4 105 000	−1 613 000	−4 523 000
Financial Income	885 000	1 312 000	701 000	909 000
Financial Costs	173 000	39 000	9 000	64 000
Financial Balance	712 000	1 273 000	692 000	845 000
Earnings Before Tax	−3 728 000	−2 832 000	−920 000	−3 678 000
Tax	0	0	0	0
Net Income	−3 728 000	−2 832 000	−920 000	−3 678 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	22 259 000	25 483 000	27 683 000	29 101 000
Total Current Assets	4 128 000	3 523 000	3 103 000	2 642 000
Total Assets	26 387 000	29 006 000	30 786 000	31 744 000
Total Retained Equity	22 875 000	26 603 000	29 435 000	30 354 000
Total Equity	22 875 000	26 603 000	29 435 000	30 354 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 512 000	2 403 000	1 351 000	1 389 000
Total Equity and Debt	26 387 000	29 006 000	30 786 000	31 744 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	225 000	484 000	5 103 000	5 302 000
Other Income	5 579 000	5 676 000	561 000	466 000
Revenue	5 803 000	6 160 000	5 664 000	5 768 000
Cost of Goods Sold	2 805 000	1 677 000	2 013 000	2 237 000
Salary Costs	4 759 000	4 371 000	3 104 000	3 239 000
Depreciation	261 000	214 000	175 000	140 000
Impairment	0	0	0	0
Expenditure	10 244 000	10 263 000	7 278 000	10 292 000
Operating Profit	−4 440 000	−4 105 000	−1 613 000	−4 523 000
Financial Income	885 000	1 312 000	701 000	909 000
Financial Costs	173 000	39 000	9 000	64 000
Financial Balance	712 000	1 273 000	692 000	845 000
Dividends	0	0	0	0
Net Income	−3 728 000	−2 832 000	−920 000	−3 678 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 158 000	2 383 000	2 573 000	1 932 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	41 000	58 000	82 000	107 000
Total Tangible Assets	2 198 000	2 441 000	2 655 000	2 039 000
Total Fiancial Fixed Assets	20 060 000	23 042 000	25 027 000	27 062 000
Total Fixed Assets	22 259 000	25 483 000	27 683 000	29 101 000
Stock	105 000	72 000	0	205 000
Total Investments	0	0	0	0
Cash, Bank	2 047 000	3 028 000	2 164 000	2 221 000
Total Current Assets	4 128 000	3 523 000	3 103 000	2 642 000
Total Assets	26 387 000	29 006 000	30 786 000	31 744 000
Total Equity	22 875 000	26 603 000	29 435 000	30 354 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	124 000	322 000	240 000	151 000
Unpaid Taxes	262 000	304 000	216 000	225 000
Dividends	0	0	0	0
Other Current Debt	3 127 000	1 777 000	895 000	1 013 000
Total Current Debt	3 512 000	2 403 000	1 351 000	1 389 000
Total Equity and Debt	26 387 000	29 006 000	30 786 000	31 744 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−16,3 %	−10,65 %	−3,13 %	−12,12 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−76,51 %	−66,64 %	−28,48 %	−78,42 %
Current Ratio	1,18	1,47	2,3	1,9
Quick Ratio	1,21	1,51	2,3	2,23
Equity Ratio	0,87	0,92	0,96	0,96
Gross Profit Margin	51,66 %	72,78 %	64,46 %	61,22 %