SWEET MUSIC AS

4085 HUNDVÅG

Finances

Share Ownership

Return on Equity

−40,13 %

Current Ratio

1,17

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 266 000	1 335 000	1 508 000	734 000
Net Income	−63 000	72 000	−15 000	64 000
Total Assets	552 000	723 000	603 000	473 000
Total Equity	157 000	219 000	147 000	162 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 266 000	1 335 000	1 508 000	734 000
Expenditure	1 325 000	1 239 000	1 515 000	663 000
Operating Profit	−59 000	97 000	−7 000	71 000
Financial Income	0	0	0	0
Financial Costs	8 000	3 000	1 000	1 000
Financial Balance	−8 000	−3 000	−1 000	−1 000
Earnings Before Tax	−66 000	93 000	−9 000	70 000
Tax	−4 000	21 000	6 000	5 000
Net Income	−63 000	72 000	−15 000	64 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	107 000	167 000	79 000	134 000
Total Current Assets	445 000	556 000	524 000	339 000
Total Assets	552 000	723 000	603 000	473 000
Total Retained Equity	57 000	119 000	47 000	62 000
Total Equity	157 000	219 000	147 000	162 000
Total Long-Term Debt	15 000	19 000	45 000	0
Total Current Debt	380 000	485 000	411 000	311 000
Total Equity and Debt	552 000	723 000	603 000	473 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 266 000	1 335 000	1 506 000	734 000
Other Income	0	0	2 000	0
Revenue	1 266 000	1 335 000	1 508 000	734 000
Cost of Goods Sold	69 000	76 000	482 000	76 000
Salary Costs	767 000	712 000	537 000	332 000
Depreciation	60 000	55 000	34 000	26 000
Impairment	0	0	0	0
Expenditure	1 325 000	1 239 000	1 515 000	663 000
Operating Profit	−59 000	97 000	−7 000	71 000
Financial Income	0	0	0	0
Financial Costs	8 000	3 000	1 000	1 000
Financial Balance	−8 000	−3 000	−1 000	−1 000
Dividends	0	0	0	0
Net Income	−63 000	72 000	−15 000	64 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	64 000	84 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	43 000	84 000	79 000	134 000
Total Tangible Assets	107 000	167 000	79 000	134 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	107 000	167 000	79 000	134 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	316 000	244 000	308 000	269 000
Total Current Assets	445 000	556 000	524 000	339 000
Total Assets	552 000	723 000	603 000	473 000
Total Equity	157 000	219 000	147 000	162 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	15 000	19 000	45 000	0
Creditors	24 000	36 000	92 000	40 000
Unpaid Taxes	182 000	260 000	167 000	88 000
Dividends	0	0	0	0
Other Current Debt	174 000	167 000	151 000	177 000
Total Current Debt	380 000	485 000	411 000	311 000
Total Equity and Debt	552 000	723 000	603 000	473 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−40,13 %	32,88 %	−10,2 %	39,51 %
Debt-to-Equity Ratio	0,1	0,09	0,31	0
Operating Profit Margin	−4,66 %	7,27 %	−0,46 %	9,67 %
Current Ratio	1,17	1,15	1,27	1,09
Quick Ratio	1,17	1,15	1,27	1,09
Equity Ratio	0,28	0,3	0,24	0,34
Gross Profit Margin	94,55 %	94,31 %	68,04 %	89,65 %