ARTEC AS

5160 LAKSEVÅG

Finances

Return on Equity

−54,23 %

Current Ratio

1,25

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	34 703 000	31 663 000	32 236 000	26 489 000
Net Income	−1 622 000	917 000	451 000	1 138 000
Total Assets	10 147 000	11 223 000	12 497 000	10 278 000
Total Equity	2 991 000	4 613 000	3 696 000	3 245 000

Income (NOK)	2022	2021	2020	2019
Revenue	34 703 000	31 663 000	32 236 000	26 489 000
Expenditure	36 701 000	30 438 000	31 604 000	24 979 000
Operating Profit	−1 998 000	1 225 000	631 000	1 510 000
Financial Income	5 000	8 000	1 000	3 000
Financial Costs	56 000	30 000	19 000	18 000
Financial Balance	−51 000	−22 000	−18 000	−15 000
Earnings Before Tax	−2 022 000	1 217 000	613 000	1 495 000
Tax	−401 000	300 000	163 000	357 000
Net Income	−1 622 000	917 000	451 000	1 138 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 213 000	731 000	1 386 000	564 000
Total Current Assets	8 934 000	10 492 000	11 111 000	9 713 000
Total Assets	10 147 000	11 223 000	12 497 000	10 278 000
Total Retained Equity	−440 000	1 181 000	264 000	−187 000
Total Equity	2 991 000	4 613 000	3 696 000	3 245 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	7 156 000	6 610 000	8 801 000	7 032 000
Total Equity and Debt	10 147 000	11 223 000	12 497 000	10 278 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	34 703 000	31 663 000	32 236 000	26 489 000
Other Income	0	0	0	0
Revenue	34 703 000	31 663 000	32 236 000	26 489 000
Cost of Goods Sold	2 626 000	1 949 000	1 525 000	3 219 000
Salary Costs	27 223 000	24 038 000	23 217 000	17 873 000
Depreciation	420 000	380 000	324 000	135 000
Impairment	0	0	0	0
Expenditure	36 701 000	30 438 000	31 604 000	24 979 000
Operating Profit	−1 998 000	1 225 000	631 000	1 510 000
Financial Income	5 000	8 000	1 000	3 000
Financial Costs	56 000	30 000	19 000	18 000
Financial Balance	−51 000	−22 000	−18 000	−15 000
Dividends	0	0	0	0
Net Income	−1 622 000	917 000	451 000	1 138 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	639 000	238 000	538 000	106 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	574 000	493 000	848 000	458 000
Total Tangible Assets	574 000	493 000	848 000	458 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 213 000	731 000	1 386 000	564 000
Stock	0	0	0	0
Total Investments	14 000	14 000	10 000	10 000
Cash, Bank	3 957 000	3 986 000	5 611 000	5 086 000
Total Current Assets	8 934 000	10 492 000	11 111 000	9 713 000
Total Assets	10 147 000	11 223 000	12 497 000	10 278 000
Total Equity	2 991 000	4 613 000	3 696 000	3 245 000
Short-Term Group Debt	0	0	0	1 698 000
Total Long-Term Debt	0	0	0	0
Creditors	615 000	550 000	267 000	708 000
Unpaid Taxes	3 756 000	3 083 000	2 947 000	2 397 000
Dividends	0	0	0	0
Other Current Debt	2 785 000	2 977 000	4 993 000	2 229 000
Total Current Debt	7 156 000	6 610 000	8 801 000	7 032 000
Total Equity and Debt	10 147 000	11 223 000	12 497 000	10 278 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−54,23 %	19,88 %	12,2 %	35,07 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−5,76 %	3,87 %	1,96 %	5,7 %
Current Ratio	1,25	1,59	1,26	1,38
Quick Ratio	1,25	1,59	1,26	1,38
Equity Ratio	0,29	0,41	0,3	0,32
Gross Profit Margin	92,43 %	93,84 %	95,27 %	87,85 %