STIFTELSEN MUSICANORD

5355 KNARREVIK

Finances

Share Ownership

Return on Equity

−18,26 %

Current Ratio

4,77

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 046 000	1 292 000	673 000	932 000
Net Income	−103 000	524 000	−144 000	−162 000
Total Assets	699 000	696 000	364 000	383 000
Total Equity	564 000	667 000	143 000	286 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 046 000	1 292 000	673 000	932 000
Expenditure	1 155 000	769 000	820 000	1 096 000
Operating Profit	−108 000	523 000	−147 000	−165 000
Financial Income	6 000	1 000	3 000	3 000
Financial Costs	0	0	0	0
Financial Balance	6 000	1 000	3 000	3 000
Earnings Before Tax	−103 000	524 000	−144 000	−162 000
Tax	0	0	0	0
Net Income	−103 000	524 000	−144 000	−162 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	55 000	55 000	55 000	55 000
Total Current Assets	644 000	642 000	309 000	329 000
Total Assets	699 000	696 000	364 000	383 000
Total Retained Equity	514 000	617 000	93 000	236 000
Total Equity	564 000	667 000	143 000	286 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	135 000	29 000	221 000	97 000
Total Equity and Debt	699 000	696 000	364 000	383 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	250 000	311 000	57 000	454 000
Other Income	796 000	981 000	616 000	477 000
Revenue	1 046 000	1 292 000	673 000	932 000
Cost of Goods Sold	0	0	0	0
Salary Costs	311 000	238 000	552 000	265 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 155 000	769 000	820 000	1 096 000
Operating Profit	−108 000	523 000	−147 000	−165 000
Financial Income	6 000	1 000	3 000	3 000
Financial Costs	0	0	0	0
Financial Balance	6 000	1 000	3 000	3 000
Dividends	0	0	0	0
Net Income	−103 000	524 000	−144 000	−162 000

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	55 000	55 000	55 000	55 000
Total Tangible Assets	55 000	55 000	55 000	55 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	55 000	55 000	55 000	55 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	644 000	638 000	261 000	320 000
Total Current Assets	644 000	642 000	309 000	329 000
Total Assets	699 000	696 000	364 000	383 000
Total Equity	564 000	667 000	143 000	286 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 000	4 000	2 000	3 000
Unpaid Taxes	112 000	4 000	8 000	70 000
Dividends	0	0	0	0
Other Current Debt	21 000	21 000	212 000	24 000
Total Current Debt	135 000	29 000	221 000	97 000
Total Equity and Debt	699 000	696 000	364 000	383 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−18,26 %	78,56 %	−100,7 %	−56,64 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−10,33 %	40,48 %	−21,84 %	−17,7 %
Current Ratio	4,77	22,14	1,4	3,39
Quick Ratio	4,77	22,14	1,4	3,39
Equity Ratio	0,81	0,96	0,39	0,75
Gross Profit Margin	100 %	100 %	100 %	100 %