AFRO HAIR & ART AS

4005 STAVANGER

Finances

Share Ownership

Return on Equity

55,73 %

Current Ratio

0,74

Debt-to-Equity Ratio

−0,89

Key figures (NOK)	2022	2021	2020	2019
Revenue	764 000	585 000	351 000	347 000
Net Income	−248 000	−150 000	−104 000	1 000
Total Assets	133 000	256 000	164 000	121 000
Total Equity	−445 000	−197 000	−47 000	−318 000

Income (NOK)	2022	2021	2020	2019
Revenue	764 000	585 000	351 000	347 000
Expenditure	1 009 000	735 000	455 000	346 000
Operating Profit	−245 000	−150 000	−104 000	1 000
Financial Income	0	0	0	0
Financial Costs	3 000	0	0	0
Financial Balance	−3 000	0	0	0
Earnings Before Tax	−248 000	−150 000	−104 000	1 000
Tax	0	0	0	0
Net Income	−248 000	−150 000	−104 000	1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	133 000	256 000	164 000	121 000
Total Assets	133 000	256 000	164 000	121 000
Total Retained Equity	−545 000	−297 000	−147 000	−418 000
Total Equity	−445 000	−197 000	−47 000	−318 000
Total Long-Term Debt	398 000	0	0	0
Total Current Debt	180 000	453 000	210 000	438 000
Total Equity and Debt	133 000	256 000	164 000	121 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	764 000	585 000	351 000	347 000
Other Income	0	0	0	0
Revenue	764 000	585 000	351 000	347 000
Cost of Goods Sold	270 000	269 000	190 000	145 000
Salary Costs	380 000	188 000	17 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 009 000	735 000	455 000	346 000
Operating Profit	−245 000	−150 000	−104 000	1 000
Financial Income	0	0	0	0
Financial Costs	3 000	0	0	0
Financial Balance	−3 000	0	0	0
Dividends	0	0	0	0
Net Income	−248 000	−150 000	−104 000	1 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	80 000	80 000	80 000	80 000
Total Investments	0	0	0	0
Cash, Bank	53 000	168 000	84 000	39 000
Total Current Assets	133 000	256 000	164 000	121 000
Total Assets	133 000	256 000	164 000	121 000
Total Equity	−445 000	−197 000	−47 000	−318 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	398 000	0	0	0
Creditors	0	0	0	145 000
Unpaid Taxes	59 000	49 000	13 000	13 000
Dividends	0	0	0	0
Other Current Debt	122 000	403 000	198 000	280 000
Total Current Debt	180 000	453 000	210 000	438 000
Total Equity and Debt	133 000	256 000	164 000	121 000

Financial indicators	2022	2021	2020	2019
Return on Equity	55,73 %	76,14 %	221,28 %	−0,31 %
Debt-to-Equity Ratio	−0,89	−0	−0	−0
Operating Profit Margin	−32,07 %	−25,64 %	−29,63 %	0,29 %
Current Ratio	0,74	0,57	0,78	0,28
Quick Ratio	1,33	0,69	1,26	0,34
Equity Ratio	−3,35	−0,77	−0,29	−2,63
Gross Profit Margin	64,66 %	54,02 %	45,87 %	58,21 %