BALKAN ART DEPARTMENT AS

0658 OSLO

Finances

Share Ownership

Return on Equity

9,01 %

Current Ratio

1,91

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	804 000	1 105 000	306 000	1 076 000
Net Income	29 000	293 000	−142 000	144 000
Total Assets	675 000	639 000	201 000	689 000
Total Equity	322 000	292 000	0	142 000

Income (NOK)	2022	2021	2020	2019
Revenue	804 000	1 105 000	306 000	1 076 000
Expenditure	778 000	730 000	489 000	891 000
Operating Profit	26 000	375 000	−182 000	185 000
Financial Income	12 000	0	0	0
Financial Costs	0	0	0	1 000
Financial Balance	12 000	0	0	−1 000
Earnings Before Tax	38 000	375 000	−183 000	184 000
Tax	8 000	83 000	−40 000	41 000
Net Income	29 000	293 000	−142 000	144 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	53 000	13 000
Total Current Assets	675 000	639 000	148 000	676 000
Total Assets	675 000	639 000	201 000	689 000
Total Retained Equity	292 000	262 000	−30 000	112 000
Total Equity	322 000	292 000	0	142 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	353 000	347 000	202 000	547 000
Total Equity and Debt	675 000	639 000	201 000	689 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	804 000	1 058 000	235 000	1 076 000
Other Income	0	47 000	71 000	0
Revenue	804 000	1 105 000	306 000	1 076 000
Cost of Goods Sold	0	0	0	0
Salary Costs	631 000	478 000	274 000	686 000
Depreciation	0	0	0	4 000
Impairment	0	0	0	0
Expenditure	778 000	730 000	489 000	891 000
Operating Profit	26 000	375 000	−182 000	185 000
Financial Income	12 000	0	0	0
Financial Costs	0	0	0	1 000
Financial Balance	12 000	0	0	−1 000
Dividends	0	0	0	0
Net Income	29 000	293 000	−142 000	144 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	53 000	13 000
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	53 000	13 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	256 000	261 000	64 000	167 000
Total Current Assets	675 000	639 000	148 000	676 000
Total Assets	675 000	639 000	201 000	689 000
Total Equity	322 000	292 000	0	142 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	19 000	22 000	25 000	16 000
Unpaid Taxes	37 000	44 000	37 000	80 000
Dividends	0	0	0	0
Other Current Debt	289 000	251 000	140 000	451 000
Total Current Debt	353 000	347 000	202 000	547 000
Total Equity and Debt	675 000	639 000	201 000	689 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,01 %	100,34 %	-	101,41 %
Debt-to-Equity Ratio	0	0	-	0
Operating Profit Margin	3,23 %	33,94 %	−59,48 %	17,19 %
Current Ratio	1,91	1,84	0,73	1,24
Quick Ratio	1,91	1,84	0,73	1,24
Equity Ratio	0,48	0,46	0	0,21
Gross Profit Margin	100 %	100 %	100 %	100 %