ARTS AS

0252 OSLO

Finances

Share Ownership

Return on Equity

−153,02 %

Current Ratio

0,67

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 670 000	20 978 000	11 650 000	0
Net Income	−1 674 000	−1 390 000	−2 772 000	−64 000
Total Assets	8 008 000	8 218 000	7 507 000	954 000
Total Equity	1 094 000	2 768 000	3 158 000	31 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 670 000	20 978 000	11 650 000	0
Expenditure	31 729 000	22 364 000	15 204 000	64 000
Operating Profit	−2 059 000	−1 387 000	−3 553 000	−64 000
Financial Income	1 000	−5 000	0	0
Financial Costs	69 000	108 000	19 000	0
Financial Balance	−68 000	−113 000	−19 000	0
Earnings Before Tax	−2 127 000	−1 500 000	−3 572 000	−64 000
Tax	−453 000	−110 000	−800 000	0
Net Income	−1 674 000	−1 390 000	−2 772 000	−64 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 347 000	4 013 000	5 082 000	381 000
Total Current Assets	4 662 000	4 205 000	2 424 000	572 000
Total Assets	8 008 000	8 218 000	7 507 000	954 000
Total Retained Equity	−3 906 000	−2 232 000	−1 842 000	−69 000
Total Equity	1 094 000	2 768 000	3 158 000	31 000
Total Long-Term Debt	0	0	1 000 000	0
Total Current Debt	6 915 000	5 450 000	3 348 000	923 000
Total Equity and Debt	8 008 000	8 218 000	7 507 000	954 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	28 811 000	20 096 000	11 463 000	0
Other Income	860 000	882 000	187 000	0
Revenue	29 670 000	20 978 000	11 650 000	0
Cost of Goods Sold	9 829 000	6 852 000	4 028 000	0
Salary Costs	13 733 000	9 125 000	5 451 000	0
Depreciation	2 241 000	1 840 000	948 000	0
Impairment	0	0	0	0
Expenditure	31 729 000	22 364 000	15 204 000	64 000
Operating Profit	−2 059 000	−1 387 000	−3 553 000	−64 000
Financial Income	1 000	−5 000	0	0
Financial Costs	69 000	108 000	19 000	0
Financial Balance	−68 000	−113 000	−19 000	0
Dividends	0	0	0	0
Net Income	−1 674 000	−1 390 000	−2 772 000	−64 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 363 000	910 000	800 000	0
Real Eastate	141 000	0	0	381 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 843 000	3 103 000	4 282 000	0
Total Tangible Assets	1 984 000	3 103 000	4 282 000	381 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 347 000	4 013 000	5 082 000	381 000
Stock	2 128 000	2 358 000	1 531 000	0
Total Investments	0	0	0	0
Cash, Bank	1 310 000	836 000	440 000	501 000
Total Current Assets	4 662 000	4 205 000	2 424 000	572 000
Total Assets	8 008 000	8 218 000	7 507 000	954 000
Total Equity	1 094 000	2 768 000	3 158 000	31 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000 000	0
Creditors	4 335 000	1 931 000	1 612 000	6 000
Unpaid Taxes	1 620 000	2 096 000	1 060 000	0
Dividends	0	0	0	0
Other Current Debt	960 000	1 424 000	676 000	918 000
Total Current Debt	6 915 000	5 450 000	3 348 000	923 000
Total Equity and Debt	8 008 000	8 218 000	7 507 000	954 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−153,02 %	−50,22 %	−87,78 %	−206,45 %
Debt-to-Equity Ratio	0	0	0,32	0
Operating Profit Margin	−6,94 %	−6,61 %	−30,5 %	-
Current Ratio	0,67	0,77	0,72	0,62
Quick Ratio	0,97	1,36	1,33	0,62
Equity Ratio	0,14	0,34	0,42	0,03
Gross Profit Margin	66,87 %	67,34 %	65,42 %	-