FUTHARK GUITARS AS

5590 ETNE

Finances

Share Ownership

Return on Equity

2,89 %

Current Ratio

0,06

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	82 000	5 000	5 000
Net Income	−38 000	−289 000	−46 000	−35 000
Total Assets	81 000	120 000	397 000	426 000
Total Equity	−1 313 000	−1 275 000	−987 000	−941 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	82 000	5 000	5 000
Expenditure	38 000	371 000	51 000	41 000
Operating Profit	−38 000	−289 000	−46 000	−35 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−38 000	−289 000	−46 000	−35 000
Tax	0	0	0	0
Net Income	−38 000	−289 000	−46 000	−35 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	81 000	120 000	397 000	426 000
Total Assets	81 000	120 000	397 000	426 000
Total Retained Equity	−1 343 000	−1 305 000	−1 017 000	−971 000
Total Equity	−1 313 000	−1 275 000	−987 000	−941 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 394 000	1 395 000	1 384 000	1 367 000
Total Equity and Debt	81 000	120 000	397 000	426 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	82 000	5 000	5 000
Other Income	0	0	0	0
Revenue	0	82 000	5 000	5 000
Cost of Goods Sold	36 000	361 000	26 000	8 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	38 000	371 000	51 000	41 000
Operating Profit	−38 000	−289 000	−46 000	−35 000
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	−38 000	−289 000	−46 000	−35 000

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	0	36 000	397 000	423 000
Total Investments	0	0	0	0
Cash, Bank	81 000	84 000	0	3 000
Total Current Assets	81 000	120 000	397 000	426 000
Total Assets	81 000	120 000	397 000	426 000
Total Equity	−1 313 000	−1 275 000	−987 000	−941 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 000	3 000	0	3 000
Unpaid Taxes	18 000	18 000	0	0
Dividends	0	0	0	0
Other Current Debt	1 374 000	1 374 000	1 384 000	1 364 000
Total Current Debt	1 394 000	1 395 000	1 384 000	1 367 000
Total Equity and Debt	81 000	120 000	397 000	426 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,89 %	22,67 %	4,66 %	3,72 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	-	−352,44 %	−920 %	−700 %
Current Ratio	0,06	0,09	0,29	0,31
Quick Ratio	0,06	0,09	0,4	0,45
Equity Ratio	−16,21	−10,63	−2,49	−2,21
Gross Profit Margin	-	−340,24 %	−420 %	−60 %