NORSK MUSIKKRÅD

0179 OSLO

Finances

Share Ownership

Return on Equity

−226,52 %

Current Ratio

1,02

Debt-to-Equity Ratio

Key figures (NOK)	2004	2002	2001
Revenue	9 285 000	9 297 000	67 163 000
Net Income	−1 230 000	−331 000	−331 000
Total Assets	15 288 000	13 964 000	13 964 000
Total Equity	543 000	3 778 000	3 778 000

Income (NOK)	2004	2002	2001
Revenue	9 285 000	9 297 000	67 163 000
Expenditure	10 687 000	10 721 000	68 568 000
Operating Profit	−1 403 000	−1 424 000	−1 424 000
Financial Income	173 000	1 103 000	1 103 000
Financial Costs	0	10 000	10 000
Financial Balance	173 000	1 093 000	1 093 000
Earnings Before Tax	−1 230 000	−331 000	−331 000
Tax	0	0	0
Net Income	−1 230 000	−331 000	−331 000

Balance (NOK)	2004	2002	2001
Total Fixed Assets	186 000	432 000	432 000
Total Current Assets	15 102 000	13 532 000	13 532 000
Total Assets	15 288 000	13 964 000	13 964 000
Total Retained Equity	543 000	3 778 000	3 778 000
Total Equity	543 000	3 778 000	3 778 000
Total Long-Term Debt	0	0	0
Total Current Debt	14 745 000	10 186 000	10 186 000
Total Equity and Debt	15 288 000	13 964 000	13 964 000

Cash flow (NOK)	2004	2002	2001
Sales Income	64 040 000	4 911 000	0
Other Income	−54 755 000	4 386 000	67 163 000
Revenue	9 285 000	9 297 000	67 163 000
Cost of Goods Sold	0	0	0
Salary Costs	3 648 000	4 275 000	4 275 000
Depreciation	192 000	238 000	238 000
Impairment	0	0	0
Expenditure	10 687 000	10 721 000	68 568 000
Operating Profit	−1 403 000	−1 424 000	−1 424 000
Financial Income	173 000	1 103 000	1 103 000
Financial Costs	0	10 000	10 000
Financial Balance	173 000	1 093 000	1 093 000
Dividends	0	0	0
Net Income	−1 230 000	−331 000	−331 000

Balance details (NOK)	2004	2002	2001
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	186 000	332 000	332 000
Total Tangible Assets	186 000	332 000	332 000
Total Fiancial Fixed Assets	0	100 000	100 000
Total Fixed Assets	186 000	432 000	432 000
Stock	0	0	0
Total Investments	0	2 077 000	2 077 000
Cash, Bank	0	0	0
Total Current Assets	15 102 000	13 532 000	13 532 000
Total Assets	15 288 000	13 964 000	13 964 000
Total Equity	543 000	3 778 000	3 778 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	0	0
Unpaid Taxes	485 000	940 000	940 000
Dividends	0	0	0
Other Current Debt	14 260 000	8 785 000	8 285 000
Total Current Debt	14 745 000	10 186 000	10 186 000
Total Equity and Debt	15 288 000	13 964 000	13 964 000

Financial indicators	2004	2002	2001
Return on Equity	−226,52 %	−8,76 %	−8,76 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	−15,11 %	−15,32 %	−2,12 %
Current Ratio	1,02	1,33	1,33
Quick Ratio	1,02	1,33	1,33
Equity Ratio	0,04	0,27	0,27
Gross Profit Margin	100 %	100 %	100 %