ARTSYS SOLUTIONS AS

6993 HØYANGER

Finances

Share Ownership

Return on Equity

394,03 %

Current Ratio

1,03

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020
Revenue	4 233 000	3 888 000	2 684 000
Net Income	1 253 000	1 311 000	842 000
Total Assets	2 294 000	2 783 000	1 919 000
Total Equity	318 000	65 000	355 000

Income (NOK)	2022	2021	2020
Revenue	4 233 000	3 888 000	2 684 000
Expenditure	2 616 000	2 208 000	1 603 000
Operating Profit	1 617 000	1 680 000	1 081 000
Financial Income	1 000	0	0
Financial Costs	0	0	1 000
Financial Balance	1 000	0	−1 000
Earnings Before Tax	1 617 000	1 680 000	1 080 000
Tax	365 000	370 000	238 000
Net Income	1 253 000	1 311 000	842 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	272 000	26 000	14 000
Total Current Assets	2 023 000	2 757 000	1 905 000
Total Assets	2 294 000	2 783 000	1 919 000
Total Retained Equity	288 000	35 000	325 000
Total Equity	318 000	65 000	355 000
Total Long-Term Debt	7 000	1 000	0
Total Current Debt	1 969 000	2 717 000	1 564 000
Total Equity and Debt	2 294 000	2 783 000	1 919 000

Cash flow (NOK)	2022	2021	2020
Sales Income	4 066 000	3 821 000	2 578 000
Other Income	167 000	67 000	106 000
Revenue	4 233 000	3 888 000	2 684 000
Cost of Goods Sold	63 000	46 000	53 000
Salary Costs	1 890 000	1 844 000	1 340 000
Depreciation	18 000	4 000	3 000
Impairment	0	0	0
Expenditure	2 616 000	2 208 000	1 603 000
Operating Profit	1 617 000	1 680 000	1 081 000
Financial Income	1 000	0	0
Financial Costs	0	0	1 000
Financial Balance	1 000	0	−1 000
Dividends	1 000 000	1 600 000	800 000
Net Income	1 253 000	1 311 000	842 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	272 000	26 000	14 000
Total Tangible Assets	272 000	26 000	14 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	272 000	26 000	14 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 733 000	2 469 000	1 667 000
Total Current Assets	2 023 000	2 757 000	1 905 000
Total Assets	2 294 000	2 783 000	1 919 000
Total Equity	318 000	65 000	355 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	7 000	1 000	0
Creditors	24 000	28 000	0
Unpaid Taxes	234 000	396 000	243 000
Dividends	1 000 000	1 600 000	800 000
Other Current Debt	354 000	323 000	283 000
Total Current Debt	1 969 000	2 717 000	1 564 000
Total Equity and Debt	2 294 000	2 783 000	1 919 000

Financial indicators	2022	2021	2020
Return on Equity	394,03 %	2 016,92 %	237,18 %
Debt-to-Equity Ratio	0,02	0,02	0
Operating Profit Margin	38,2 %	43,21 %	40,28 %
Current Ratio	1,03	1,01	1,22
Quick Ratio	1,03	1,01	1,22
Equity Ratio	0,14	0,02	0,18
Gross Profit Margin	98,51 %	98,82 %	98,03 %