KULTURHUSET VARDE AS

6015 ÅLESUND

Finances

Share Ownership

Return on Equity

4,57 %

Current Ratio

2,27

Debt-to-Equity Ratio

1,92

Key figures (NOK)	2022	2021	2020	2019
Revenue	823 000	319 000	354 000	705 000
Net Income	54 000	−181 000	−162 000	−23 000
Total Assets	3 573 000	3 593 000	3 936 000	4 293 000
Total Equity	1 182 000	1 128 000	1 309 000	1 471 000

Income (NOK)	2022	2021	2020	2019
Revenue	823 000	319 000	354 000	705 000
Expenditure	653 000	473 000	460 000	624 000
Operating Profit	170 000	−153 000	−106 000	81 000
Financial Income	0	0	1 000	2 000
Financial Costs	101 000	79 000	102 000	112 000
Financial Balance	−101 000	−79 000	−101 000	−110 000
Earnings Before Tax	69 000	−232 000	−207 000	−29 000
Tax	15 000	−51 000	−46 000	−6 000
Net Income	54 000	−181 000	−162 000	−23 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 283 000	3 446 000	3 609 000	3 700 000
Total Current Assets	291 000	147 000	327 000	593 000
Total Assets	3 573 000	3 593 000	3 936 000	4 293 000
Total Retained Equity	132 000	78 000	259 000	421 000
Total Equity	1 182 000	1 128 000	1 309 000	1 471 000
Total Long-Term Debt	2 264 000	2 407 000	2 499 000	2 690 000
Total Current Debt	128 000	58 000	127 000	132 000
Total Equity and Debt	3 573 000	3 593 000	3 936 000	4 293 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	498 000	138 000	155 000	406 000
Other Income	325 000	181 000	199 000	299 000
Revenue	823 000	319 000	354 000	705 000
Cost of Goods Sold	228 000	36 000	55 000	201 000
Salary Costs	107 000	82 000	48 000	0
Depreciation	163 000	163 000	168 000	163 000
Impairment	0	0	0	0
Expenditure	653 000	473 000	460 000	624 000
Operating Profit	170 000	−153 000	−106 000	81 000
Financial Income	0	0	1 000	2 000
Financial Costs	101 000	79 000	102 000	112 000
Financial Balance	−101 000	−79 000	−101 000	−110 000
Dividends	0	0	0	0
Net Income	54 000	−181 000	−162 000	−23 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 126 000	3 245 000	3 363 000	3 482 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	157 000	201 000	246 000	219 000
Total Tangible Assets	3 283 000	3 446 000	3 609 000	3 700 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 283 000	3 446 000	3 609 000	3 700 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	282 000	147 000	327 000	541 000
Total Current Assets	291 000	147 000	327 000	593 000
Total Assets	3 573 000	3 593 000	3 936 000	4 293 000
Total Equity	1 182 000	1 128 000	1 309 000	1 471 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 264 000	2 407 000	2 499 000	2 690 000
Creditors	13 000	5 000	79 000	87 000
Unpaid Taxes	52 000	9 000	4 000	25 000
Dividends	0	0	0	0
Other Current Debt	62 000	44 000	44 000	19 000
Total Current Debt	128 000	58 000	127 000	132 000
Total Equity and Debt	3 573 000	3 593 000	3 936 000	4 293 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,57 %	−16,05 %	−12,38 %	−1,56 %
Debt-to-Equity Ratio	1,92	2,13	1,91	1,83
Operating Profit Margin	20,66 %	−47,96 %	−29,94 %	11,49 %
Current Ratio	2,27	2,53	2,57	4,49
Quick Ratio	2,27	2,53	2,57	4,49
Equity Ratio	0,33	0,31	0,33	0,34
Gross Profit Margin	72,3 %	88,71 %	84,46 %	71,49 %