Economy
The museum's financial risk is considered to be limited. The museum has investments in mutual funds with a total market value of NOK 13,153,461, in addition to bank deposits. An interest rate swap agreement is attached to the bank loan of NOK 6,175,000 which runs until November 2021. The agreement was entered into to ensure a higher interest rate in the event of changes in the market interest rate. Installments are paid in accordance with the loan agreement. Interest cost for the loan in 2019 was NOK 412,968.
The museum has good management, financial control and liquidity. The Ministry of Culture provides basic funding for the operation with NOK 33,273,532. The Ministry of Health and Care, through the Directorate of Health, has contributed NOK 7,250,000 to the National Medical Museum. For the operation and development of the Science Centre, the museum received from the Science Center Committee, appointed by the Research Council of Norway on behalf of the Ministry of Science and Technology, NOK 7,700,000. For operating the telecommunications area, the museum received NOK 6,734,366 in grants from the Ministry of Transport. In addition, the museum's operation is financed by entrance fees, sales in the museum shop and other own income.
Total operating income in 2019 was NOK 90,859,634. This is NOK 2,752,366 below budget. The result for 2019 shows a profit of NOK 2,525,950 which is added to the equity. The foundation capital and other equity capital are considered sufficient for continued operations. The accounts are based on the going concern principle, as the basis for this is present. The board believes that the accounts, together with the board's report, provide a fair overview of the development and results of the museum's operations and financial position.