T.V.D. MUSIKKINSTRUMENT AKADEMIET AS

1654 SELLEBAKK

Finances

Share Ownership

Return on Equity

76,98 %

Current Ratio

8,94

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	985 000	0	0	0
Net Income	311 000	−24 000	134 000	−49 000
Total Assets	466 000	195 000	210 000	60 000
Total Equity	404 000	94 000	118 000	−16 000

Income (NOK)	2022	2021	2020	2019
Revenue	985 000	0	0	0
Expenditure	645 000	24 000	−134 000	49 000
Operating Profit	340 000	−24 000	134 000	−49 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	340 000	−24 000	134 000	−49 000
Tax	30 000	0	0	0
Net Income	311 000	−24 000	134 000	−49 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	180 000	195 000	210 000	60 000
Total Current Assets	286 000	0	0	0
Total Assets	466 000	195 000	210 000	60 000
Total Retained Equity	104 000	−206 000	−182 000	−316 000
Total Equity	404 000	94 000	118 000	−16 000
Total Long-Term Debt	30 000	0	0	0
Total Current Debt	32 000	101 000	92 000	76 000
Total Equity and Debt	466 000	195 000	210 000	60 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	985 000	0	0	0
Revenue	985 000	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	228 000	0	0	0
Depreciation	15 000	15 000	−150 000	30 000
Impairment	0	0	0	0
Expenditure	645 000	24 000	−134 000	49 000
Operating Profit	340 000	−24 000	134 000	−49 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	311 000	−24 000	134 000	−49 000

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	180 000	195 000	210 000	60 000
Total Tangible Assets	180 000	195 000	210 000	60 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	180 000	195 000	210 000	60 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	262 000	0	0	0
Total Current Assets	286 000	0	0	0
Total Assets	466 000	195 000	210 000	60 000
Total Equity	404 000	94 000	118 000	−16 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	30 000	0	0	0
Creditors	−59 000	0	0	0
Unpaid Taxes	−4 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	94 000	101 000	92 000	76 000
Total Current Debt	32 000	101 000	92 000	76 000
Total Equity and Debt	466 000	195 000	210 000	60 000

Financial indicators	2022	2021	2020	2019
Return on Equity	76,98 %	−25,53 %	113,56 %	306,25 %
Debt-to-Equity Ratio	0,07	0	0	−0
Operating Profit Margin	34,52 %	-	-	-
Current Ratio	8,94	0	0	0
Quick Ratio	8,94	0	0	0
Equity Ratio	0,87	0,48	0,56	−0,27
Gross Profit Margin	100 %	-	-	-