VENNEFORENINGEN FOR KUNSTSKOLEN I BERGEN

5017 BERGEN

Finances

Share Ownership

Return on Equity

2,06 %

Current Ratio

4,48

Debt-to-Equity Ratio

Key figures (NOK)	2018	2017	2016	2015
Revenue	7 897 000	7 703 000	7 417 000	7 198 000
Net Income	78 000	152 000	93 000	120 000
Total Assets	4 756 000	4 506 000	4 488 000	4 235 000
Total Equity	3 789 000	3 711 000	3 559 000	3 466 000

Income (NOK)	2018	2017	2016	2015
Revenue	7 897 000	7 703 000	7 417 000	7 198 000
Expenditure	7 846 000	7 586 000	7 359 000	7 131 000
Operating Profit	51 000	118 000	59 000	67 000
Financial Income	32 000	36 000	35 000	53 000
Financial Costs	5 000	2 000	0	0
Financial Balance	27 000	34 000	35 000	53 000
Earnings Before Tax	78 000	152 000	93 000	120 000
Tax	0	0	0	0
Net Income	78 000	152 000	93 000	120 000

Balance (NOK)	2018	2017	2016	2015
Total Fixed Assets	426 000	358 000	434 000	214 000
Total Current Assets	4 330 000	4 149 000	4 054 000	4 022 000
Total Assets	4 756 000	4 506 000	4 488 000	4 235 000
Total Retained Equity	3 789 000	3 711 000	3 559 000	2 959 000
Total Equity	3 789 000	3 711 000	3 559 000	3 466 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	966 000	795 000	929 000	770 000
Total Equity and Debt	4 756 000	4 506 000	4 488 000	4 235 000

Cash flow (NOK)	2018	2017	2016	2015
Sales Income	1 854 000	1 821 000	1 693 000	1 635 000
Other Income	6 043 000	5 883 000	5 724 000	5 562 000
Revenue	7 897 000	7 703 000	7 417 000	7 198 000
Cost of Goods Sold	0	0	0	0
Salary Costs	4 042 000	3 872 000	3 697 000	3 906 000
Depreciation	185 000	164 000	134 000	155 000
Impairment	0	0	0	0
Expenditure	7 846 000	7 586 000	7 359 000	7 131 000
Operating Profit	51 000	118 000	59 000	67 000
Financial Income	32 000	36 000	35 000	53 000
Financial Costs	5 000	2 000	0	0
Financial Balance	27 000	34 000	35 000	53 000
Dividends	0	0	0	0
Net Income	78 000	152 000	93 000	120 000

Balance details (NOK)	2018	2017	2016	2015
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	426 000	358 000	434 000	214 000
Total Tangible Assets	426 000	358 000	434 000	214 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	426 000	358 000	434 000	214 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 168 000	3 914 000	3 849 000	3 873 000
Total Current Assets	4 330 000	4 149 000	4 054 000	4 022 000
Total Assets	4 756 000	4 506 000	4 488 000	4 235 000
Total Equity	3 789 000	3 711 000	3 559 000	3 466 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	171 000	135 000	260 000	140 000
Unpaid Taxes	312 000	274 000	259 000	220 000
Dividends	0	0	0	0
Other Current Debt	483 000	385 000	411 000	409 000
Total Current Debt	966 000	795 000	929 000	770 000
Total Equity and Debt	4 756 000	4 506 000	4 488 000	4 235 000

Financial indicators	2018	2017	2016	2015
Return on Equity	2,06 %	4,1 %	2,61 %	3,46 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	0,65 %	1,53 %	0,8 %	0,93 %
Current Ratio	4,48	5,22	4,36	5,22
Quick Ratio	4,48	5,22	4,36	5,22
Equity Ratio	0,8	0,82	0,79	0,82
Gross Profit Margin	100 %	100 %	100 %	100 %