SKIENS KUNSTFORENING

3724 SKIEN

Finances

Share Ownership

Return on Equity

19,54 %

Current Ratio

1,88

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 123 000	786 000	812 000	927 000
Net Income	94 000	15 000	8 000	92 000
Total Assets	993 000	732 000	466 000	759 000
Total Equity	481 000	387 000	373 000	364 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 123 000	786 000	812 000	927 000
Expenditure	1 028 000	772 000	805 000	2 245 000
Operating Profit	94 000	15 000	8 000	−1 318 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	94 000	15 000	8 000	−1 317 000
Tax	0	0	0	0
Net Income	94 000	15 000	8 000	92 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	31 000	27 000	41 000	54 000
Total Current Assets	962 000	705 000	426 000	705 000
Total Assets	993 000	732 000	466 000	759 000
Total Retained Equity	196 000	102 000	87 000	79 000
Total Equity	481 000	387 000	373 000	364 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	512 000	345 000	94 000	394 000
Total Equity and Debt	993 000	732 000	466 000	759 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	57 000	189 000
Other Income	1 123 000	786 000	755 000	738 000
Revenue	1 123 000	786 000	812 000	927 000
Cost of Goods Sold	90 000	50 000	62 000	91 000
Salary Costs	520 000	524 000	475 000	479 000
Depreciation	0	14 000	14 000	14 000
Impairment	0	0	0	0
Expenditure	1 028 000	772 000	805 000	2 245 000
Operating Profit	94 000	15 000	8 000	−1 318 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	94 000	15 000	8 000	92 000

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	31 000	27 000	41 000	54 000
Total Tangible Assets	31 000	27 000	41 000	54 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	31 000	27 000	41 000	54 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	962 000	705 000	418 000	667 000
Total Current Assets	962 000	705 000	426 000	705 000
Total Assets	993 000	732 000	466 000	759 000
Total Equity	481 000	387 000	373 000	364 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	16 000
Unpaid Taxes	0	0	27 000	27 000
Dividends	0	0	0	0
Other Current Debt	512 000	345 000	67 000	352 000
Total Current Debt	512 000	345 000	94 000	394 000
Total Equity and Debt	993 000	732 000	466 000	759 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,54 %	3,88 %	2,14 %	25,27 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,37 %	1,91 %	0,99 %	−142,18 %
Current Ratio	1,88	2,04	4,53	1,79
Quick Ratio	1,88	2,04	4,53	1,79
Equity Ratio	0,48	0,53	0,8	0,48
Gross Profit Margin	91,99 %	93,64 %	92,36 %	90,18 %