FROLAND MUSIKKBARNEHAGE AS

4820 FROLAND

Finances

Share Ownership

Return on Equity

16,5 %

Current Ratio

1,35

Debt-to-Equity Ratio

2,87

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 492 000	12 407 000	11 115 000	10 546 000
Net Income	366 000	973 000	536 000	475 000
Total Assets	10 775 000	10 994 000	12 246 000	12 257 000
Total Equity	2 218 000	2 053 000	3 279 000	2 943 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 492 000	12 407 000	11 115 000	10 546 000
Expenditure	11 962 000	11 117 000	10 333 000	9 833 000
Operating Profit	530 000	1 289 000	782 000	712 000
Financial Income	13 000	12 000	14 000	17 000
Financial Costs	74 000	53 000	109 000	120 000
Financial Balance	−61 000	−41 000	−95 000	−103 000
Earnings Before Tax	469 000	1 248 000	687 000	609 000
Tax	103 000	275 000	151 000	134 000
Net Income	366 000	973 000	536 000	475 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 821 000	8 177 000	8 465 000	8 808 000
Total Current Assets	2 955 000	2 817 000	3 781 000	3 449 000
Total Assets	10 775 000	10 994 000	12 246 000	12 257 000
Total Retained Equity	2 118 000	1 953 000	3 179 000	2 843 000
Total Equity	2 218 000	2 053 000	3 279 000	2 943 000
Total Long-Term Debt	6 373 000	6 734 000	7 086 000	7 433 000
Total Current Debt	2 183 000	2 207 000	1 880 000	1 881 000
Total Equity and Debt	10 775 000	10 994 000	12 246 000	12 257 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 792 000	1 821 000	1 577 000	1 774 000
Other Income	10 700 000	10 587 000	9 538 000	8 772 000
Revenue	12 492 000	12 407 000	11 115 000	10 546 000
Cost of Goods Sold	194 000	173 000	177 000	191 000
Salary Costs	9 983 000	9 582 000	8 857 000	8 332 000
Depreciation	356 000	352 000	343 000	343 000
Impairment	0	0	0	0
Expenditure	11 962 000	11 117 000	10 333 000	9 833 000
Operating Profit	530 000	1 289 000	782 000	712 000
Financial Income	13 000	12 000	14 000	17 000
Financial Costs	74 000	53 000	109 000	120 000
Financial Balance	−61 000	−41 000	−95 000	−103 000
Dividends	200 000	200 000	200 000	200 000
Net Income	366 000	973 000	536 000	475 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	7 779 000	8 115 000	8 451 000	8 787 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	42 000	62 000	14 000	21 000
Total Tangible Assets	7 821 000	8 177 000	8 465 000	8 808 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 821 000	8 177 000	8 465 000	8 808 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 686 000	2 654 000	3 656 000	2 648 000
Total Current Assets	2 955 000	2 817 000	3 781 000	3 449 000
Total Assets	10 775 000	10 994 000	12 246 000	12 257 000
Total Equity	2 218 000	2 053 000	3 279 000	2 943 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 373 000	6 734 000	7 086 000	7 433 000
Creditors	86 000	87 000	52 000	60 000
Unpaid Taxes	537 000	501 000	485 000	472 000
Dividends	200 000	200 000	200 000	200 000
Other Current Debt	1 239 000	1 134 000	987 000	1 019 000
Total Current Debt	2 183 000	2 207 000	1 880 000	1 881 000
Total Equity and Debt	10 775 000	10 994 000	12 246 000	12 257 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,5 %	47,39 %	16,35 %	16,14 %
Debt-to-Equity Ratio	2,87	3,28	2,16	2,53
Operating Profit Margin	4,24 %	10,39 %	7,04 %	6,75 %
Current Ratio	1,35	1,28	2,01	1,83
Quick Ratio	1,35	1,28	2,01	1,83
Equity Ratio	0,21	0,19	0,27	0,24
Gross Profit Margin	98,45 %	98,61 %	98,41 %	98,19 %