SAFE SOUND AUDIO AS

4017 STAVANGER

Finances

Share Ownership

Return on Equity

8,39 %

Current Ratio

2,29

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 639 000	2 816 000	2 209 000	3 032 000
Net Income	134 000	335 000	107 000	2 099 000
Total Assets	2 566 000	1 972 000	1 441 000	2 997 000
Total Equity	1 597 000	1 463 000	1 128 000	1 021 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 639 000	2 816 000	2 209 000	3 032 000
Expenditure	4 463 000	2 392 000	2 078 000	2 913 000
Operating Profit	175 000	424 000	131 000	121 000
Financial Income	21 000	8 000	15 000	2 276 000
Financial Costs	24 000	2 000	8 000	2 000
Financial Balance	−3 000	6 000	7 000	2 274 000
Earnings Before Tax	172 000	430 000	138 000	2 394 000
Tax	38 000	95 000	31 000	295 000
Net Income	134 000	335 000	107 000	2 099 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	357 000	91 000	7 000	12 000
Total Current Assets	2 209 000	1 881 000	1 434 000	2 985 000
Total Assets	2 566 000	1 972 000	1 441 000	2 997 000
Total Retained Equity	1 497 000	1 363 000	1 028 000	921 000
Total Equity	1 597 000	1 463 000	1 128 000	1 021 000
Total Long-Term Debt	5 000	0	0	0
Total Current Debt	963 000	509 000	313 000	1 976 000
Total Equity and Debt	2 566 000	1 972 000	1 441 000	2 997 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 637 000	2 807 000	2 209 000	3 032 000
Other Income	2 000	9 000	0	0
Revenue	4 639 000	2 816 000	2 209 000	3 032 000
Cost of Goods Sold	1 699 000	1 163 000	1 132 000	1 222 000
Salary Costs	2 073 000	863 000	623 000	1 303 000
Depreciation	74 000	1 000	0	2 000
Impairment	0	0	0	0
Expenditure	4 463 000	2 392 000	2 078 000	2 913 000
Operating Profit	175 000	424 000	131 000	121 000
Financial Income	21 000	8 000	15 000	2 276 000
Financial Costs	24 000	2 000	8 000	2 000
Financial Balance	−3 000	6 000	7 000	2 274 000
Dividends	0	0	0	2 400 000
Net Income	134 000	335 000	107 000	2 099 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	7 000	12 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	357 000	91 000	0	0
Total Tangible Assets	357 000	91 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	357 000	91 000	7 000	12 000
Stock	600 000	305 000	223 000	359 000
Total Investments	0	0	0	0
Cash, Bank	917 000	1 341 000	959 000	2 165 000
Total Current Assets	2 209 000	1 881 000	1 434 000	2 985 000
Total Assets	2 566 000	1 972 000	1 441 000	2 997 000
Total Equity	1 597 000	1 463 000	1 128 000	1 021 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 000	0	0	0
Creditors	438 000	160 000	141 000	152 000
Unpaid Taxes	264 000	158 000	75 000	174 000
Dividends	0	0	0	2 400 000
Other Current Debt	228 000	104 000	70 000	159 000
Total Current Debt	963 000	509 000	313 000	1 976 000
Total Equity and Debt	2 566 000	1 972 000	1 441 000	2 997 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,39 %	22,9 %	9,49 %	205,58 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,77 %	15,06 %	5,93 %	3,99 %
Current Ratio	2,29	3,7	4,58	1,51
Quick Ratio	6,09	9,22	15,93	1,85
Equity Ratio	0,62	0,74	0,78	0,34
Gross Profit Margin	63,38 %	58,7 %	48,76 %	59,7 %