ÅRSETH TRANSPORT AS

6011 ÅLESUND

Finances

Share Ownership

Return on Equity

13,44 %

Current Ratio

7,6

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 035 000	2 098 000	1 783 000	1 641 000
Net Income	568 000	825 000	531 000	488 000
Total Assets	4 854 000	4 259 000	3 353 000	2 675 000
Total Equity	4 226 000	3 657 000	2 832 000	2 301 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 035 000	2 098 000	1 783 000	1 641 000
Expenditure	1 343 000	1 053 000	1 114 000	1 019 000
Operating Profit	691 000	1 046 000	669 000	622 000
Financial Income	38 000	7 000	10 000	10 000
Financial Costs	0	0	0	0
Financial Balance	38 000	7 000	10 000	10 000
Earnings Before Tax	729 000	1 053 000	679 000	631 000
Tax	160 000	228 000	148 000	143 000
Net Income	568 000	825 000	531 000	488 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	83 000	108 000	0	0
Total Current Assets	4 771 000	4 151 000	3 353 000	2 675 000
Total Assets	4 854 000	4 259 000	3 353 000	2 675 000
Total Retained Equity	4 196 000	3 627 000	2 802 000	2 271 000
Total Equity	4 226 000	3 657 000	2 832 000	2 301 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	628 000	601 000	521 000	374 000
Total Equity and Debt	4 854 000	4 259 000	3 353 000	2 675 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 035 000	2 098 000	1 783 000	1 641 000
Other Income	0	0	0	0
Revenue	2 035 000	2 098 000	1 783 000	1 641 000
Cost of Goods Sold	133 000	63 000	127 000	72 000
Salary Costs	703 000	595 000	630 000	577 000
Depreciation	25 000	17 000	0	1 000
Impairment	0	0	0	0
Expenditure	1 343 000	1 053 000	1 114 000	1 019 000
Operating Profit	691 000	1 046 000	669 000	622 000
Financial Income	38 000	7 000	10 000	10 000
Financial Costs	0	0	0	0
Financial Balance	38 000	7 000	10 000	10 000
Dividends	0	0	0	0
Net Income	568 000	825 000	531 000	488 000

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	83 000	0	0	0
Fixtures	0	108 000	0	0
Total Tangible Assets	83 000	108 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	83 000	108 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 521 000	3 892 000	3 256 000	2 493 000
Total Current Assets	4 771 000	4 151 000	3 353 000	2 675 000
Total Assets	4 854 000	4 259 000	3 353 000	2 675 000
Total Equity	4 226 000	3 657 000	2 832 000	2 301 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	53 000	21 000	83 000	44 000
Unpaid Taxes	213 000	197 000	115 000	97 000
Dividends	0	0	0	0
Other Current Debt	202 000	156 000	175 000	95 000
Total Current Debt	628 000	601 000	521 000	374 000
Total Equity and Debt	4 854 000	4 259 000	3 353 000	2 675 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,44 %	22,56 %	18,75 %	21,21 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	33,96 %	49,86 %	37,52 %	37,9 %
Current Ratio	7,6	6,91	6,44	7,15
Quick Ratio	7,6	6,91	6,44	7,15
Equity Ratio	0,87	0,86	0,84	0,86
Gross Profit Margin	93,46 %	97 %	92,88 %	95,61 %