FINNMARK FESTIVALARRANGØR AS

9700 LAKSELV

Finances

Return on Equity

89,8 %

Current Ratio

0,21

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 380 000	1 514 000	174 000	7 083 000
Net Income	−1 285 000	209 000	−593 000	−759 000
Total Assets	519 000	1 946 000	746 000	2 408 000
Total Equity	−1 431 000	−145 000	−206 000	387 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 380 000	1 514 000	174 000	7 083 000
Expenditure	6 622 000	1 270 000	559 000	7 758 000
Operating Profit	−1 269 000	244 000	−385 000	−732 000
Financial Income	0	0	0	0
Financial Costs	16 000	35 000	209 000	27 000
Financial Balance	−16 000	−35 000	−209 000	−27 000
Earnings Before Tax	−1 285 000	209 000	−593 000	−759 000
Tax	0	0	0	0
Net Income	−1 285 000	209 000	−593 000	−759 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	107 000	156 000	412 000	693 000
Total Current Assets	411 000	1 789 000	335 000	1 715 000
Total Assets	519 000	1 946 000	746 000	2 408 000
Total Retained Equity	−2 640 000	−1 355 000	−1 416 000	−822 000
Total Equity	−1 431 000	−145 000	−206 000	387 000
Total Long-Term Debt	0	408 000	0	0
Total Current Debt	1 950 000	1 683 000	953 000	2 021 000
Total Equity and Debt	519 000	1 946 000	746 000	2 408 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 043 000	14 000	124 000	6 928 000
Other Income	337 000	1 500 000	50 000	155 000
Revenue	5 380 000	1 514 000	174 000	7 083 000
Cost of Goods Sold	4 592 000	25 000	51 000	5 089 000
Salary Costs	789 000	185 000	127 000	597 000
Depreciation	49 000	256 000	81 000	55 000
Impairment	0	0	0	0
Expenditure	6 622 000	1 270 000	559 000	7 758 000
Operating Profit	−1 269 000	244 000	−385 000	−732 000
Financial Income	0	0	0	0
Financial Costs	16 000	35 000	209 000	27 000
Financial Balance	−16 000	−35 000	−209 000	−27 000
Dividends	0	0	0	0
Net Income	−1 285 000	209 000	−593 000	−759 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	10 000	31 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	107 000	156 000	191 000	251 000
Total Tangible Assets	107 000	156 000	191 000	251 000
Total Fiancial Fixed Assets	0	0	210 000	410 000
Total Fixed Assets	107 000	156 000	412 000	693 000
Stock	10 000	36 000	36 000	47 000
Total Investments	0	0	0	0
Cash, Bank	139 000	399 000	129 000	1 204 000
Total Current Assets	411 000	1 789 000	335 000	1 715 000
Total Assets	519 000	1 946 000	746 000	2 408 000
Total Equity	−1 431 000	−145 000	−206 000	387 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	408 000	0	0
Creditors	785 000	529 000	162 000	993 000
Unpaid Taxes	344 000	82 000	22 000	221 000
Dividends	0	0	0	0
Other Current Debt	821 000	1 073 000	769 000	807 000
Total Current Debt	1 950 000	1 683 000	953 000	2 021 000
Total Equity and Debt	519 000	1 946 000	746 000	2 408 000

Financial indicators	2022	2021	2020	2019
Return on Equity	89,8 %	−144,14 %	287,86 %	−196,12 %
Debt-to-Equity Ratio	−0	−2,81	−0	0
Operating Profit Margin	−23,59 %	16,12 %	−221,26 %	−10,33 %
Current Ratio	0,21	1,06	0,35	0,85
Quick Ratio	0,21	1,09	0,37	0,87
Equity Ratio	−2,76	−0,07	−0,28	0,16
Gross Profit Margin	14,65 %	98,35 %	70,69 %	28,15 %