NORDNORSK KUNSTNERSENTER

8300 SVOLVÆR

Finances

Share Ownership

Return on Equity

1,35 %

Current Ratio

1,89

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 535 000	13 088 000	10 524 000	17 315 000
Net Income	52 000	−24 000	287 000	−97 000
Total Assets	7 425 000	10 065 000	8 383 000	5 378 000
Total Equity	3 848 000	3 796 000	3 821 000	3 516 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 535 000	13 088 000	10 524 000	17 315 000
Expenditure	18 476 000	13 112 000	10 240 000	17 408 000
Operating Profit	59 000	−24 000	284 000	−93 000
Financial Income	9 000	1 000	3 000	5 000
Financial Costs	16 000	2 000	1 000	9 000
Financial Balance	−7 000	−1 000	2 000	−4 000
Earnings Before Tax	52 000	−24 000	287 000	−97 000
Tax	0	0	0	0
Net Income	52 000	−24 000	287 000	−97 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	683 000	846 000	332 000	331 000
Total Current Assets	6 743 000	9 219 000	8 051 000	5 047 000
Total Assets	7 425 000	10 065 000	8 383 000	5 378 000
Total Retained Equity	3 419 000	3 367 000	3 392 000	3 105 000
Total Equity	3 848 000	3 796 000	3 821 000	3 516 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 577 000	6 269 000	4 562 000	1 862 000
Total Equity and Debt	7 425 000	10 065 000	8 383 000	5 378 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 657 000	11 657 000	11 415 000	0
Other Income	6 878 000	1 431 000	−891 000	17 315 000
Revenue	18 535 000	13 088 000	10 524 000	17 315 000
Cost of Goods Sold	108 000	130 000	112 000	0
Salary Costs	9 155 000	7 131 000	5 826 000	0
Depreciation	163 000	111 000	38 000	0
Impairment	0	0	0	0
Expenditure	18 476 000	13 112 000	10 240 000	17 408 000
Operating Profit	59 000	−24 000	284 000	−93 000
Financial Income	9 000	1 000	3 000	5 000
Financial Costs	16 000	2 000	1 000	9 000
Financial Balance	−7 000	−1 000	2 000	−4 000
Dividends	0	0	0	0
Net Income	52 000	−24 000	287 000	−97 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	427 000	552 000	0	0
Real Eastate	198 000	211 000	224 000	237 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	19 000	44 000	69 000	94 000
Total Tangible Assets	256 000	294 000	332 000	331 000
Total Fiancial Fixed Assets	0	0	1 000	0
Total Fixed Assets	683 000	846 000	332 000	331 000
Stock	69 000	90 000	74 000	80 000
Total Investments	0	0	0	1 000
Cash, Bank	5 165 000	8 780 000	7 491 000	3 555 000
Total Current Assets	6 743 000	9 219 000	8 051 000	5 047 000
Total Assets	7 425 000	10 065 000	8 383 000	5 378 000
Total Equity	3 848 000	3 796 000	3 821 000	3 516 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	671 000	670 000	688 000	668 000
Unpaid Taxes	216 000	247 000	220 000	295 000
Dividends	0	0	0	0
Other Current Debt	2 690 000	5 352 000	3 654 000	900 000
Total Current Debt	3 577 000	6 269 000	4 562 000	1 862 000
Total Equity and Debt	7 425 000	10 065 000	8 383 000	5 378 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,35 %	−0,63 %	7,51 %	−2,76 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	0,32 %	−0,18 %	2,7 %	−0,54 %
Current Ratio	1,89	1,47	1,76	2,71
Quick Ratio	1,92	1,49	1,79	2,83
Equity Ratio	0,52	0,38	0,46	0,65
Gross Profit Margin	99,42 %	99,01 %	98,94 %	100 %