HARDANGER MUSIKKFEST

5781 LOFTHUS

Finances

Share Ownership

Return on Equity

−6,5 %

Current Ratio

4,71

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 432 000	2 782 000	2 149 000	3 034 000
Net Income	−91 000	26 000	191 000	190 000
Total Assets	1 671 000	1 653 000	2 210 000	1 412 000
Total Equity	1 401 000	1 492 000	1 466 000	1 275 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 432 000	2 782 000	2 149 000	3 034 000
Expenditure	2 533 000	2 747 000	1 960 000	2 843 000
Operating Profit	−100 000	35 000	190 000	191 000
Financial Income	10 000	4 000	3 000	1 000
Financial Costs	0	13 000	1 000	3 000
Financial Balance	10 000	−9 000	2 000	−2 000
Earnings Before Tax	−91 000	26 000	191 000	190 000
Tax	0	0	0	0
Net Income	−91 000	26 000	191 000	190 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	405 000	405 000	405 000	405 000
Total Current Assets	1 266 000	1 248 000	1 805 000	1 007 000
Total Assets	1 671 000	1 653 000	2 210 000	1 412 000
Total Retained Equity	1 101 000	1 192 000	1 166 000	975 000
Total Equity	1 401 000	1 492 000	1 466 000	1 275 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	269 000	161 000	744 000	137 000
Total Equity and Debt	1 671 000	1 653 000	2 210 000	1 412 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 432 000	2 782 000	2 149 000	3 034 000
Other Income	0	0	0	0
Revenue	2 432 000	2 782 000	2 149 000	3 034 000
Cost of Goods Sold	1 048 000	1 328 000	539 000	1 290 000
Salary Costs	1 132 000	1 019 000	1 005 000	1 066 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 533 000	2 747 000	1 960 000	2 843 000
Operating Profit	−100 000	35 000	190 000	191 000
Financial Income	10 000	4 000	3 000	1 000
Financial Costs	0	13 000	1 000	3 000
Financial Balance	10 000	−9 000	2 000	−2 000
Dividends	0	0	0	0
Net Income	−91 000	26 000	191 000	190 000

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	405 000	405 000	405 000	405 000
Total Tangible Assets	405 000	405 000	405 000	405 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	405 000	405 000	405 000	405 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	694 000	1 048 000	1 805 000	947 000
Total Current Assets	1 266 000	1 248 000	1 805 000	1 007 000
Total Assets	1 671 000	1 653 000	2 210 000	1 412 000
Total Equity	1 401 000	1 492 000	1 466 000	1 275 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	237 000	95 000	173 000	36 000
Unpaid Taxes	14 000	22 000	25 000	40 000
Dividends	0	0	0	0
Other Current Debt	19 000	44 000	546 000	62 000
Total Current Debt	269 000	161 000	744 000	137 000
Total Equity and Debt	1 671 000	1 653 000	2 210 000	1 412 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,5 %	1,74 %	13,03 %	14,9 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−4,11 %	1,26 %	8,84 %	6,3 %
Current Ratio	4,71	7,75	2,43	7,35
Quick Ratio	4,71	7,75	2,43	7,35
Equity Ratio	0,84	0,9	0,66	0,9
Gross Profit Margin	56,91 %	52,26 %	74,92 %	57,48 %