FØRDE INTERNASJONALE FOLKEMUSIKKFESTIVAL

6800 FØRDE

Finances

Return on Equity

−58,95 %

Current Ratio

5,33

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 661 000	14 744 000	12 225 000	15 808 000
Net Income	−2 749 000	209 000	4 791 000	−819 000
Total Assets	5 702 000	8 687 000	8 347 000	3 401 000
Total Equity	4 663 000	7 412 000	7 203 000	2 412 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 661 000	14 744 000	12 225 000	15 808 000
Expenditure	18 427 000	14 539 000	7 444 000	16 650 000
Operating Profit	−2 766 000	204 000	4 781 000	−843 000
Financial Income	31 000	9 000	23 000	31 000
Financial Costs	14 000	4 000	13 000	7 000
Financial Balance	17 000	5 000	10 000	24 000
Earnings Before Tax	−2 749 000	209 000	4 791 000	−819 000
Tax	0	0	0	0
Net Income	−2 749 000	209 000	4 791 000	−819 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	160 000	236 000	334 000	447 000
Total Current Assets	5 542 000	8 452 000	8 013 000	2 954 000
Total Assets	5 702 000	8 687 000	8 347 000	3 401 000
Total Retained Equity	0	0	0	0
Total Equity	4 663 000	7 412 000	7 203 000	2 412 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 039 000	1 275 000	1 144 000	989 000
Total Equity and Debt	5 702 000	8 687 000	8 347 000	3 401 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 517 000	2 086 000	331 000	3 951 000
Other Income	13 144 000	12 658 000	11 894 000	11 857 000
Revenue	15 661 000	14 744 000	12 225 000	15 808 000
Cost of Goods Sold	0	0	0	0
Salary Costs	4 795 000	4 610 000	3 813 000	4 322 000
Depreciation	88 000	113 000	113 000	56 000
Impairment	0	0	0	0
Expenditure	18 427 000	14 539 000	7 444 000	16 650 000
Operating Profit	−2 766 000	204 000	4 781 000	−843 000
Financial Income	31 000	9 000	23 000	31 000
Financial Costs	14 000	4 000	13 000	7 000
Financial Balance	17 000	5 000	10 000	24 000
Dividends	0	0	0	0
Net Income	−2 749 000	209 000	4 791 000	−819 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	42 000	109 000	176 000
Real Eastate	42 000	49 000	55 000	62 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	51 000	91 000	130 000	170 000
Total Tangible Assets	93 000	139 000	185 000	232 000
Total Fiancial Fixed Assets	66 000	54 000	39 000	39 000
Total Fixed Assets	160 000	236 000	334 000	447 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 283 000	8 197 000	8 013 000	2 560 000
Total Current Assets	5 542 000	8 452 000	8 013 000	2 954 000
Total Assets	5 702 000	8 687 000	8 347 000	3 401 000
Total Equity	4 663 000	7 412 000	7 203 000	2 412 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	298 000	506 000	77 000	87 000
Unpaid Taxes	281 000	221 000	231 000	352 000
Dividends	0	0	0	0
Other Current Debt	460 000	548 000	836 000	550 000
Total Current Debt	1 039 000	1 275 000	1 144 000	989 000
Total Equity and Debt	5 702 000	8 687 000	8 347 000	3 401 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−58,95 %	2,82 %	66,51 %	−33,96 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−17,66 %	1,38 %	39,11 %	−5,33 %
Current Ratio	5,33	6,63	7	2,99
Quick Ratio	5,33	6,63	7	2,99
Equity Ratio	0,82	0,85	0,86	0,71
Gross Profit Margin	100 %	100 %	100 %	100 %