STIFTINGA VESTNORSK KULTURAKADEMI

5705 VOSS

Finances

Return on Equity

8,85 %

Current Ratio

2,01

Debt-to-Equity Ratio

1,95

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 627 000	1 611 000	1 488 000	1 233 000
Net Income	37 000	117 000	139 000	−73 000
Total Assets	1 495 000	1 523 000	1 643 000	1 563 000
Total Equity	418 000	381 000	264 000	125 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 627 000	1 611 000	1 488 000	1 233 000
Expenditure	1 536 000	1 443 000	1 286 000	1 233 000
Operating Profit	91 000	169 000	201 000	−1 000
Financial Income	0	0	0	0
Financial Costs	54 000	52 000	63 000	72 000
Financial Balance	−54 000	−52 000	−63 000	−72 000
Earnings Before Tax	37 000	117 000	139 000	−73 000
Tax	0	0	0	0
Net Income	37 000	117 000	139 000	−73 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	970 000	1 001 000	1 198 000	1 068 000
Total Current Assets	526 000	522 000	445 000	496 000
Total Assets	1 495 000	1 523 000	1 643 000	1 563 000
Total Retained Equity	111 000	74 000	−43 000	−182 000
Total Equity	418 000	381 000	264 000	125 000
Total Long-Term Debt	816 000	903 000	1 077 000	1 148 000
Total Current Debt	262 000	238 000	302 000	290 000
Total Equity and Debt	1 495 000	1 523 000	1 643 000	1 563 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	804 000	992 000	728 000	509 000
Other Income	824 000	619 000	760 000	723 000
Revenue	1 627 000	1 611 000	1 488 000	1 233 000
Cost of Goods Sold	563 000	557 000	304 000	139 000
Salary Costs	464 000	439 000	606 000	624 000
Depreciation	31 000	33 000	34 000	35 000
Impairment	0	0	0	0
Expenditure	1 536 000	1 443 000	1 286 000	1 233 000
Operating Profit	91 000	169 000	201 000	−1 000
Financial Income	0	0	0	0
Financial Costs	54 000	52 000	63 000	72 000
Financial Balance	−54 000	−52 000	−63 000	−72 000
Dividends	0	0	0	0
Net Income	37 000	117 000	139 000	−73 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	970 000	1 001 000	1 198 000	1 068 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	970 000	1 001 000	1 198 000	1 068 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	970 000	1 001 000	1 198 000	1 068 000
Stock	39 000	30 000	44 000	57 000
Total Investments	20 000	20 000	20 000	20 000
Cash, Bank	209 000	74 000	55 000	144 000
Total Current Assets	526 000	522 000	445 000	496 000
Total Assets	1 495 000	1 523 000	1 643 000	1 563 000
Total Equity	418 000	381 000	264 000	125 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	816 000	903 000	1 077 000	1 148 000
Creditors	160 000	134 000	116 000	56 000
Unpaid Taxes	30 000	53 000	42 000	39 000
Dividends	0	0	0	0
Other Current Debt	72 000	51 000	54 000	111 000
Total Current Debt	262 000	238 000	302 000	290 000
Total Equity and Debt	1 495 000	1 523 000	1 643 000	1 563 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,85 %	30,71 %	52,65 %	−58,4 %
Debt-to-Equity Ratio	1,95	2,37	4,08	9,18
Operating Profit Margin	5,59 %	10,49 %	13,51 %	−0,08 %
Current Ratio	2,01	2,19	1,47	1,71
Quick Ratio	2,36	2,51	1,72	2,13
Equity Ratio	0,28	0,25	0,16	0,08
Gross Profit Margin	65,4 %	65,43 %	79,57 %	88,73 %