DÅVØY & FOSS MUSIKK AS

5305 FLORVÅG

Finances

Share Ownership

Return on Equity

40,77 %

Current Ratio

0,68

Debt-to-Equity Ratio

−0,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 750 000	2 694 000	2 456 000	1 986 000
Net Income	−424 000	136 000	−181 000	−400 000
Total Assets	1 864 000	1 982 000	1 669 000	1 470 000
Total Equity	−1 040 000	−616 000	−752 000	−571 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 750 000	2 694 000	2 456 000	1 986 000
Expenditure	3 173 000	2 556 000	2 635 000	2 383 000
Operating Profit	−423 000	138 000	−178 000	−397 000
Financial Income	4 000	0	3 000	0
Financial Costs	5 000	2 000	5 000	4 000
Financial Balance	−1 000	−2 000	−2 000	−4 000
Earnings Before Tax	−424 000	136 000	−181 000	−400 000
Tax	0	0	0	0
Net Income	−424 000	136 000	−181 000	−400 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	48 000	48 000	48 000	48 000
Total Current Assets	1 815 000	1 934 000	1 620 000	1 422 000
Total Assets	1 864 000	1 982 000	1 669 000	1 470 000
Total Retained Equity	−1 140 000	−716 000	−852 000	−671 000
Total Equity	−1 040 000	−616 000	−752 000	−571 000
Total Long-Term Debt	240 000	280 000	320 000	360 000
Total Current Debt	2 664 000	2 318 000	2 100 000	1 681 000
Total Equity and Debt	1 864 000	1 982 000	1 669 000	1 470 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 750 000	2 694 000	2 441 000	1 986 000
Other Income	0	0	15 000	0
Revenue	2 750 000	2 694 000	2 456 000	1 986 000
Cost of Goods Sold	1 561 000	1 269 000	1 171 000	1 092 000
Salary Costs	785 000	547 000	691 000	724 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 173 000	2 556 000	2 635 000	2 383 000
Operating Profit	−423 000	138 000	−178 000	−397 000
Financial Income	4 000	0	3 000	0
Financial Costs	5 000	2 000	5 000	4 000
Financial Balance	−1 000	−2 000	−2 000	−4 000
Dividends	0	0	0	0
Net Income	−424 000	136 000	−181 000	−400 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	48 000	48 000	48 000	48 000
Total Fixed Assets	48 000	48 000	48 000	48 000
Stock	1 466 000	1 460 000	1 390 000	1 109 000
Total Investments	0	0	0	0
Cash, Bank	228 000	311 000	162 000	258 000
Total Current Assets	1 815 000	1 934 000	1 620 000	1 422 000
Total Assets	1 864 000	1 982 000	1 669 000	1 470 000
Total Equity	−1 040 000	−616 000	−752 000	−571 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	240 000	280 000	320 000	360 000
Creditors	838 000	988 000	975 000	894 000
Unpaid Taxes	110 000	127 000	85 000	107 000
Dividends	0	0	0	0
Other Current Debt	1 716 000	1 203 000	1 040 000	681 000
Total Current Debt	2 664 000	2 318 000	2 100 000	1 681 000
Total Equity and Debt	1 864 000	1 982 000	1 669 000	1 470 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,77 %	−22,08 %	24,07 %	70,05 %
Debt-to-Equity Ratio	−0,23	−0,45	−0,43	−0,63
Operating Profit Margin	−15,38 %	5,12 %	−7,25 %	−19,99 %
Current Ratio	0,68	0,83	0,77	0,85
Quick Ratio	1,52	2,25	2,28	2,49
Equity Ratio	−0,56	−0,31	−0,45	−0,39
Gross Profit Margin	43,24 %	52,9 %	52,32 %	45,02 %