MUSIKKSELSKAPET NORDVEGEN AS

5523 HAUGESUND

Finances

Share Ownership

Return on Equity

56,03 %

Current Ratio

2,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 593 000	5 431 000	5 302 000	5 110 000
Net Income	488 000	−60 000	289 000	−83 000
Total Assets	1 610 000	1 067 000	1 137 000	733 000
Total Equity	871 000	383 000	444 000	154 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 593 000	5 431 000	5 302 000	5 110 000
Expenditure	5 105 000	5 490 000	5 014 000	5 193 000
Operating Profit	489 000	−59 000	289 000	−83 000
Financial Income	0	0	1 000	1 000
Financial Costs	1 000	2 000	1 000	1 000
Financial Balance	−1 000	−2 000	0	0
Earnings Before Tax	488 000	−60 000	289 000	−83 000
Tax	0	0	0	0
Net Income	488 000	−60 000	289 000	−83 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	51 000	54 000	58 000	62 000
Total Current Assets	1 560 000	1 012 000	1 079 000	672 000
Total Assets	1 610 000	1 067 000	1 137 000	733 000
Total Retained Equity	706 000	218 000	279 000	−11 000
Total Equity	871 000	383 000	444 000	154 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	739 000	683 000	693 000	579 000
Total Equity and Debt	1 610 000	1 067 000	1 137 000	733 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	609 000	594 000	5 302 000	537 000
Other Income	4 984 000	4 837 000	0	4 573 000
Revenue	5 593 000	5 431 000	5 302 000	5 110 000
Cost of Goods Sold	0	0	0	40 000
Salary Costs	3 468 000	3 760 000	3 484 000	3 725 000
Depreciation	4 000	4 000	4 000	11 000
Impairment	0	0	0	0
Expenditure	5 105 000	5 490 000	5 014 000	5 193 000
Operating Profit	489 000	−59 000	289 000	−83 000
Financial Income	0	0	1 000	1 000
Financial Costs	1 000	2 000	1 000	1 000
Financial Balance	−1 000	−2 000	0	0
Dividends	0	0	0	0
Net Income	488 000	−60 000	289 000	−83 000

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	51 000	54 000	58 000	62 000
Total Tangible Assets	51 000	54 000	58 000	62 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	51 000	54 000	58 000	62 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 481 000	956 000	1 063 000	598 000
Total Current Assets	1 560 000	1 012 000	1 079 000	672 000
Total Assets	1 610 000	1 067 000	1 137 000	733 000
Total Equity	871 000	383 000	444 000	154 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	193 000	64 000	103 000	46 000
Unpaid Taxes	207 000	269 000	229 000	206 000
Dividends	0	0	0	0
Other Current Debt	340 000	350 000	361 000	327 000
Total Current Debt	739 000	683 000	693 000	579 000
Total Equity and Debt	1 610 000	1 067 000	1 137 000	733 000

Financial indicators	2022	2021	2020	2019
Return on Equity	56,03 %	−15,67 %	65,09 %	−53,9 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,74 %	−1,09 %	5,45 %	−1,62 %
Current Ratio	2,11	1,48	1,56	1,16
Quick Ratio	2,11	1,48	1,56	1,16
Equity Ratio	0,54	0,36	0,39	0,21
Gross Profit Margin	100 %	100 %	100 %	99,22 %