VERKET MUSIKKFESTIVAL AS

8622 MO I RANA

Finances

Share Ownership

Return on Equity

106 %

Current Ratio

1,59

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 130 000	2 584 000	2 481 000	13 677 000
Net Income	1 202 000	−107 000	478 000	900 000
Total Assets	2 937 000	2 246 000	2 616 000	3 616 000
Total Equity	1 134 000	943 000	1 050 000	810 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 130 000	2 584 000	2 481 000	13 677 000
Expenditure	14 601 000	2 722 000	1 873 000	12 542 000
Operating Profit	1 529 000	−139 000	608 000	1 135 000
Financial Income	14 000	1 000	5 000	20 000
Financial Costs	2 000	0	1 000	1 000
Financial Balance	12 000	1 000	4 000	19 000
Earnings Before Tax	1 541 000	−138 000	613 000	1 154 000
Tax	339 000	−30 000	134 000	254 000
Net Income	1 202 000	−107 000	478 000	900 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	74 000	46 000	16 000	4 000
Total Current Assets	2 863 000	2 200 000	2 600 000	3 612 000
Total Assets	2 937 000	2 246 000	2 616 000	3 616 000
Total Retained Equity	634 000	443 000	550 000	310 000
Total Equity	1 134 000	943 000	1 050 000	810 000
Total Long-Term Debt	2 000	0	305 000	1 170 000
Total Current Debt	1 801 000	1 304 000	1 261 000	1 636 000
Total Equity and Debt	2 937 000	2 246 000	2 616 000	3 616 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 668 000	654 000	285 000	11 291 000
Other Income	2 462 000	1 930 000	2 196 000	2 386 000
Revenue	16 130 000	2 584 000	2 481 000	13 677 000
Cost of Goods Sold	9 644 000	926 000	150 000	7 583 000
Salary Costs	198 000	70 000	74 000	271 000
Depreciation	6 000	0	0	20 000
Impairment	0	0	0	0
Expenditure	14 601 000	2 722 000	1 873 000	12 542 000
Operating Profit	1 529 000	−139 000	608 000	1 135 000
Financial Income	14 000	1 000	5 000	20 000
Financial Costs	2 000	0	1 000	1 000
Financial Balance	12 000	1 000	4 000	19 000
Dividends	0	0	0	0
Net Income	1 202 000	−107 000	478 000	900 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	33 000	3 000	4 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	62 000	0	0	0
Total Tangible Assets	62 000	0	0	0
Total Fiancial Fixed Assets	13 000	13 000	13 000	0
Total Fixed Assets	74 000	46 000	16 000	4 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	876 000	797 000	2 058 000	2 301 000
Total Current Assets	2 863 000	2 200 000	2 600 000	3 612 000
Total Assets	2 937 000	2 246 000	2 616 000	3 616 000
Total Equity	1 134 000	943 000	1 050 000	810 000
Short-Term Group Debt	1 295 000	0	0	0
Total Long-Term Debt	2 000	0	305 000	1 170 000
Creditors	282 000	65 000	27 000	681 000
Unpaid Taxes	14 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	191 000	1 239 000	1 167 000	955 000
Total Current Debt	1 801 000	1 304 000	1 261 000	1 636 000
Total Equity and Debt	2 937 000	2 246 000	2 616 000	3 616 000

Financial indicators	2022	2021	2020	2019
Return on Equity	106 %	−11,35 %	45,52 %	111,11 %
Debt-to-Equity Ratio	0	0	0,29	1,44
Operating Profit Margin	9,48 %	−5,38 %	24,51 %	8,3 %
Current Ratio	1,59	1,69	2,06	2,21
Quick Ratio	1,59	1,69	2,06	2,21
Equity Ratio	0,39	0,42	0,4	0,22
Gross Profit Margin	40,21 %	64,16 %	93,95 %	44,56 %