ART FRISØR AS

6060 HAREID

Finances

Share Ownership

Return on Equity

−45,86 %

Current Ratio

1,63

Debt-to-Equity Ratio

0,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 009 000	3 290 000	2 986 000	2 872 000
Net Income	−144 000	322 000	170 000	−243 000
Total Assets	992 000	1 293 000	879 000	807 000
Total Equity	314 000	458 000	136 000	−34 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 009 000	3 290 000	2 986 000	2 872 000
Expenditure	4 146 000	2 899 000	2 800 000	3 095 000
Operating Profit	−137 000	391 000	185 000	−224 000
Financial Income	0	0	0	0
Financial Costs	8 000	10 000	15 000	19 000
Financial Balance	−8 000	−10 000	−15 000	−19 000
Earnings Before Tax	−144 000	381 000	170 000	−243 000
Tax	0	60 000	0	0
Net Income	−144 000	322 000	170 000	−243 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	75 000	174 000
Total Current Assets	992 000	1 293 000	804 000	633 000
Total Assets	992 000	1 293 000	879 000	807 000
Total Retained Equity	114 000	258 000	−64 000	−234 000
Total Equity	314 000	458 000	136 000	−34 000
Total Long-Term Debt	71 000	148 000	225 000	302 000
Total Current Debt	608 000	687 000	518 000	539 000
Total Equity and Debt	992 000	1 293 000	879 000	807 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 999 000	3 290 000	2 978 000	2 872 000
Other Income	10 000	0	8 000	0
Revenue	4 009 000	3 290 000	2 986 000	2 872 000
Cost of Goods Sold	777 000	160 000	398 000	417 000
Salary Costs	2 783 000	2 180 000	1 895 000	2 084 000
Depreciation	0	75 000	99 000	99 000
Impairment	0	0	0	0
Expenditure	4 146 000	2 899 000	2 800 000	3 095 000
Operating Profit	−137 000	391 000	185 000	−224 000
Financial Income	0	0	0	0
Financial Costs	8 000	10 000	15 000	19 000
Financial Balance	−8 000	−10 000	−15 000	−19 000
Dividends	0	0	0	0
Net Income	−144 000	322 000	170 000	−243 000

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	0	0	0	0
Fixtures	0	0	75 000	174 000
Total Tangible Assets	0	0	75 000	174 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	75 000	174 000
Stock	229 000	498 000	212 000	215 000
Total Investments	0	0	0	0
Cash, Bank	674 000	678 000	486 000	333 000
Total Current Assets	992 000	1 293 000	804 000	633 000
Total Assets	992 000	1 293 000	879 000	807 000
Total Equity	314 000	458 000	136 000	−34 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	71 000	148 000	225 000	302 000
Creditors	45 000	37 000	27 000	32 000
Unpaid Taxes	343 000	320 000	246 000	259 000
Dividends	0	0	0	0
Other Current Debt	212 000	257 000	239 000	240 000
Total Current Debt	608 000	687 000	518 000	539 000
Total Equity and Debt	992 000	1 293 000	879 000	807 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−45,86 %	70,31 %	125 %	714,71 %
Debt-to-Equity Ratio	0,23	0,32	1,65	−8,88
Operating Profit Margin	−3,42 %	11,88 %	6,2 %	−7,8 %
Current Ratio	1,63	1,88	1,55	1,17
Quick Ratio	2,62	6,84	2,63	1,95
Equity Ratio	0,32	0,35	0,15	−0,04
Gross Profit Margin	80,62 %	95,14 %	86,67 %	85,48 %