KULTURVÆRSTE AS

1607 FREDRIKSTAD

Finances

Return on Equity

24,55 %

Current Ratio

1,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 816 000	4 019 000	1 556 000	5 264 000
Net Income	55 000	84 000	165 000	408 000
Total Assets	1 175 000	1 284 000	455 000	495 000
Total Equity	224 000	169 000	85 000	−81 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 816 000	4 019 000	1 556 000	5 264 000
Expenditure	1 731 000	3 915 000	1 380 000	4 850 000
Operating Profit	84 000	104 000	177 000	414 000
Financial Income	1 000	0	4 000	4 000
Financial Costs	9 000	8 000	15 000	11 000
Financial Balance	−8 000	−8 000	−11 000	−7 000
Earnings Before Tax	76 000	95 000	165 000	408 000
Tax	21 000	12 000	0	0
Net Income	55 000	84 000	165 000	408 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	195 000	141 000	144 000	129 000
Total Current Assets	980 000	1 143 000	311 000	366 000
Total Assets	1 175 000	1 284 000	455 000	495 000
Total Retained Equity	−316 000	−371 000	−455 000	−621 000
Total Equity	224 000	169 000	85 000	−81 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	951 000	1 115 000	371 000	575 000
Total Equity and Debt	1 175 000	1 284 000	455 000	495 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 816 000	4 019 000	1 556 000	5 250 000
Other Income	0	0	0	14 000
Revenue	1 816 000	4 019 000	1 556 000	5 264 000
Cost of Goods Sold	1 209 000	2 721 000	1 074 000	3 591 000
Salary Costs	22 000	67 000	80 000	125 000
Depreciation	6 000	3 000	1 000	4 000
Impairment	0	0	0	0
Expenditure	1 731 000	3 915 000	1 380 000	4 850 000
Operating Profit	84 000	104 000	177 000	414 000
Financial Income	1 000	0	4 000	4 000
Financial Costs	9 000	8 000	15 000	11 000
Financial Balance	−8 000	−8 000	−11 000	−7 000
Dividends	0	0	0	0
Net Income	55 000	84 000	165 000	408 000

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	46 000	12 000	15 000	0
Total Tangible Assets	46 000	12 000	15 000	0
Total Fiancial Fixed Assets	149 000	129 000	129 000	129 000
Total Fixed Assets	195 000	141 000	144 000	129 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	11 000	17 000	16 000	22 000
Total Current Assets	980 000	1 143 000	311 000	366 000
Total Assets	1 175 000	1 284 000	455 000	495 000
Total Equity	224 000	169 000	85 000	−81 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	603 000	951 000	181 000	350 000
Unpaid Taxes	7 000	33 000	16 000	29 000
Dividends	0	0	0	0
Other Current Debt	219 000	143 000	61 000	75 000
Total Current Debt	951 000	1 115 000	371 000	575 000
Total Equity and Debt	1 175 000	1 284 000	455 000	495 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,55 %	49,7 %	194,12 %	−503,7 %
Debt-to-Equity Ratio	0	0	0	−0
Operating Profit Margin	4,63 %	2,59 %	11,38 %	7,86 %
Current Ratio	1,03	1,03	0,84	0,64
Quick Ratio	1,03	1,03	0,84	0,64
Equity Ratio	0,19	0,13	0,19	−0,16
Gross Profit Margin	33,43 %	32,3 %	30,98 %	31,78 %