ART TRAVEL AS

3048 DRAMMEN

Finances

Share Ownership

Return on Equity

30,31 %

Current Ratio

1,53

Debt-to-Equity Ratio

0,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 954 000	1 252 000	838 000	5 546 000
Net Income	157 000	67 000	−45 000	−317 000
Total Assets	1 804 000	1 082 000	1 080 000	800 000
Total Equity	518 000	361 000	294 000	339 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 954 000	1 252 000	838 000	5 546 000
Expenditure	3 885 000	1 182 000	887 000	5 868 000
Operating Profit	68 000	70 000	−49 000	−322 000
Financial Income	56 000	1 000	6 000	19 000
Financial Costs	25 000	5 000	6 000	14 000
Financial Balance	31 000	−4 000	0	5 000
Earnings Before Tax	100 000	67 000	−49 000	−317 000
Tax	−57 000	0	−4 000	0
Net Income	157 000	67 000	−45 000	−317 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	61 000	4 000	4 000	0
Total Current Assets	1 743 000	1 078 000	1 076 000	800 000
Total Assets	1 804 000	1 082 000	1 080 000	800 000
Total Retained Equity	365 000	208 000	141 000	186 000
Total Equity	518 000	361 000	294 000	339 000
Total Long-Term Debt	150 000	190 000	599 000	0
Total Current Debt	1 137 000	532 000	187 000	461 000
Total Equity and Debt	1 804 000	1 082 000	1 080 000	800 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 117 000	0	569 000	5 525 000
Other Income	837 000	1 252 000	268 000	21 000
Revenue	3 954 000	1 252 000	838 000	5 546 000
Cost of Goods Sold	2 365 000	−45 000	446 000	4 045 000
Salary Costs	1 016 000	691 000	182 000	1 360 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 885 000	1 182 000	887 000	5 868 000
Operating Profit	68 000	70 000	−49 000	−322 000
Financial Income	56 000	1 000	6 000	19 000
Financial Costs	25 000	5 000	6 000	14 000
Financial Balance	31 000	−4 000	0	5 000
Dividends	0	0	0	0
Net Income	157 000	67 000	−45 000	−317 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	61 000	4 000	4 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	61 000	4 000	4 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 433 000	1 029 000	1 062 000	754 000
Total Current Assets	1 743 000	1 078 000	1 076 000	800 000
Total Assets	1 804 000	1 082 000	1 080 000	800 000
Total Equity	518 000	361 000	294 000	339 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	150 000	190 000	599 000	0
Creditors	578 000	199 000	18 000	29 000
Unpaid Taxes	68 000	65 000	20 000	67 000
Dividends	0	0	0	0
Other Current Debt	490 000	268 000	149 000	365 000
Total Current Debt	1 137 000	532 000	187 000	461 000
Total Equity and Debt	1 804 000	1 082 000	1 080 000	800 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,31 %	18,56 %	−15,31 %	−93,51 %
Debt-to-Equity Ratio	0,29	0,53	2,04	0
Operating Profit Margin	1,72 %	5,59 %	−5,85 %	−5,81 %
Current Ratio	1,53	2,03	5,75	1,74
Quick Ratio	1,53	2,03	5,75	1,74
Equity Ratio	0,29	0,33	0,27	0,42
Gross Profit Margin	40,19 %	103,59 %	46,78 %	27,06 %