ARTBEAT RECORDING STUDIO AS

4340 BRYNE

Finances

Share Ownership

Return on Equity

5,93 %

Current Ratio

1,84

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	433 000	562 000	421 000	182 000
Net Income	29 000	227 000	153 000	118 000
Total Assets	650 000	787 000	626 000	178 000
Total Equity	489 000	459 000	232 000	79 000

Income (NOK)	2022	2021	2020	2019
Revenue	433 000	562 000	421 000	182 000
Expenditure	392 000	271 000	233 000	65 000
Operating Profit	42 000	291 000	188 000	118 000
Financial Income	0	1 000	0	0
Financial Costs	3 000	0	0	0
Financial Balance	−3 000	1 000	0	0
Earnings Before Tax	39 000	292 000	187 000	118 000
Tax	10 000	64 000	34 000	0
Net Income	29 000	227 000	153 000	118 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	352 000	336 000	418 000	31 000
Total Current Assets	298 000	451 000	209 000	147 000
Total Assets	650 000	787 000	626 000	178 000
Total Retained Equity	385 000	355 000	128 000	−25 000
Total Equity	489 000	459 000	232 000	79 000
Total Long-Term Debt	0	8 000	17 000	0
Total Current Debt	162 000	320 000	378 000	99 000
Total Equity and Debt	650 000	787 000	626 000	178 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	433 000	562 000	421 000	182 000
Other Income	0	0	0	0
Revenue	433 000	562 000	421 000	182 000
Cost of Goods Sold	43 000	34 000	33 000	8 000
Salary Costs	0	0	0	0
Depreciation	128 000	103 000	67 000	8 000
Impairment	0	0	0	0
Expenditure	392 000	271 000	233 000	65 000
Operating Profit	42 000	291 000	188 000	118 000
Financial Income	0	1 000	0	0
Financial Costs	3 000	0	0	0
Financial Balance	−3 000	1 000	0	0
Dividends	0	0	0	0
Net Income	29 000	227 000	153 000	118 000

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	352 000	336 000	418 000	31 000
Total Tangible Assets	352 000	336 000	418 000	31 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	352 000	336 000	418 000	31 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	277 000	439 000	114 000	130 000
Total Current Assets	298 000	451 000	209 000	147 000
Total Assets	650 000	787 000	626 000	178 000
Total Equity	489 000	459 000	232 000	79 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	8 000	17 000	0
Creditors	6 000	10 000	10 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	138 000	237 000	350 000	99 000
Total Current Debt	162 000	320 000	378 000	99 000
Total Equity and Debt	650 000	787 000	626 000	178 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,93 %	49,46 %	65,95 %	149,37 %
Debt-to-Equity Ratio	0	0,02	0,07	0
Operating Profit Margin	9,7 %	51,78 %	44,66 %	64,84 %
Current Ratio	1,84	1,41	0,55	1,48
Quick Ratio	1,84	1,41	0,55	1,48
Equity Ratio	0,75	0,58	0,37	0,44
Gross Profit Margin	90,07 %	93,95 %	92,16 %	95,6 %