HEGEL MUSIC SYSTEM AS

0373 OSLO

Finances

Share Ownership

Return on Equity

2,42 %

Current Ratio

1,51

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	60 781 000	69 762 000	63 685 000	37 956 000
Net Income	236 000	5 188 000	5 757 000	498 000
Total Assets	28 017 000	27 116 000	22 708 000	13 056 000
Total Equity	9 748 000	9 512 000	7 444 000	5 587 000

Income (NOK)	2022	2021	2020	2019
Revenue	60 781 000	69 762 000	63 685 000	37 956 000
Expenditure	58 153 000	62 646 000	56 556 000	37 196 000
Operating Profit	2 629 000	7 116 000	7 129 000	760 000
Financial Income	641 000	1 750 000	1 812 000	209 000
Financial Costs	2 941 000	2 465 000	1 759 000	483 000
Financial Balance	−2 300 000	−715 000	53 000	−274 000
Earnings Before Tax	328 000	6 401 000	7 182 000	485 000
Tax	93 000	1 213 000	1 425 000	−12 000
Net Income	236 000	5 188 000	5 757 000	498 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	508 000	594 000	540 000	359 000
Total Current Assets	27 509 000	26 521 000	22 168 000	12 697 000
Total Assets	28 017 000	27 116 000	22 708 000	13 056 000
Total Retained Equity	9 588 000	9 352 000	7 284 000	5 427 000
Total Equity	9 748 000	9 512 000	7 444 000	5 587 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	18 269 000	17 603 000	15 264 000	7 469 000
Total Equity and Debt	28 017 000	27 116 000	22 708 000	13 056 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	60 781 000	69 762 000	63 685 000	37 956 000
Other Income	0	0	0	0
Revenue	60 781 000	69 762 000	63 685 000	37 956 000
Cost of Goods Sold	40 037 000	45 786 000	41 828 000	23 105 000
Salary Costs	4 935 000	4 558 000	3 826 000	3 334 000
Depreciation	13 000	1 000	20 000	26 000
Impairment	0	0	0	0
Expenditure	58 153 000	62 646 000	56 556 000	37 196 000
Operating Profit	2 629 000	7 116 000	7 129 000	760 000
Financial Income	641 000	1 750 000	1 812 000	209 000
Financial Costs	2 941 000	2 465 000	1 759 000	483 000
Financial Balance	−2 300 000	−715 000	53 000	−274 000
Dividends	0	0	0	0
Net Income	236 000	5 188 000	5 757 000	498 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	474 000	567 000	540 000	340 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	34 000	27 000	0	20 000
Total Tangible Assets	34 000	27 000	0	20 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	508 000	594 000	540 000	359 000
Stock	17 776 000	3 487 000	1 361 000	4 239 000
Total Investments	0	0	0	0
Cash, Bank	261 000	3 837 000	8 506 000	146 000
Total Current Assets	27 509 000	26 521 000	22 168 000	12 697 000
Total Assets	28 017 000	27 116 000	22 708 000	13 056 000
Total Equity	9 748 000	9 512 000	7 444 000	5 587 000
Short-Term Group Debt	5 000 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	8 732 000	8 838 000	6 781 000	4 293 000
Unpaid Taxes	392 000	400 000	428 000	243 000
Dividends	0	0	0	0
Other Current Debt	4 145 000	8 006 000	7 530 000	2 903 000
Total Current Debt	18 269 000	17 603 000	15 264 000	7 469 000
Total Equity and Debt	28 017 000	27 116 000	22 708 000	13 056 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,42 %	54,54 %	77,34 %	8,91 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,33 %	10,2 %	11,19 %	2 %
Current Ratio	1,51	1,51	1,45	1,7
Quick Ratio	55,8	1,88	1,59	3,93
Equity Ratio	0,35	0,35	0,33	0,43
Gross Profit Margin	34,13 %	34,37 %	34,32 %	39,13 %