ÅRNES ELEKTRISKE AS

2150 ÅRNES

Finances

Share Ownership

Return on Equity

12,13 %

Current Ratio

2,09

Debt-to-Equity Ratio

1,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 318 000	33 090 000	27 235 000	22 314 000
Net Income	186 000	857 000	1 165 000	58 000
Total Assets	5 974 000	6 171 000	5 162 000	4 228 000
Total Equity	1 534 000	1 348 000	491 000	−674 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 318 000	33 090 000	27 235 000	22 314 000
Expenditure	28 928 000	32 042 000	25 897 000	22 047 000
Operating Profit	390 000	1 049 000	1 339 000	267 000
Financial Income	5 000	15 000	3 000	9 000
Financial Costs	122 000	171 000	177 000	219 000
Financial Balance	−117 000	−156 000	−174 000	−210 000
Earnings Before Tax	272 000	893 000	1 165 000	58 000
Tax	86 000	36 000	0	0
Net Income	186 000	857 000	1 165 000	58 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	416 000	503 000	137 000	75 000
Total Current Assets	5 558 000	5 668 000	5 024 000	4 153 000
Total Assets	5 974 000	6 171 000	5 162 000	4 228 000
Total Retained Equity	784 000	598 000	−259 000	−1 424 000
Total Equity	1 534 000	1 348 000	491 000	−674 000
Total Long-Term Debt	1 780 000	2 063 000	2 083 000	2 283 000
Total Current Debt	2 660 000	2 759 000	2 588 000	2 620 000
Total Equity and Debt	5 974 000	6 171 000	5 162 000	4 228 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 251 000	32 947 000	27 197 000	22 314 000
Other Income	67 000	143 000	38 000	0
Revenue	29 318 000	33 090 000	27 235 000	22 314 000
Cost of Goods Sold	22 998 000	26 877 000	22 084 000	17 531 000
Salary Costs	3 449 000	3 059 000	2 064 000	2 526 000
Depreciation	133 000	110 000	35 000	188 000
Impairment	0	0	0	0
Expenditure	28 928 000	32 042 000	25 897 000	22 047 000
Operating Profit	390 000	1 049 000	1 339 000	267 000
Financial Income	5 000	15 000	3 000	9 000
Financial Costs	122 000	171 000	177 000	219 000
Financial Balance	−117 000	−156 000	−174 000	−210 000
Dividends	0	0	0	0
Net Income	186 000	857 000	1 165 000	58 000

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	370 000	503 000	137 000	75 000
Total Tangible Assets	370 000	503 000	137 000	75 000
Total Fiancial Fixed Assets	46 000	0	0	0
Total Fixed Assets	416 000	503 000	137 000	75 000
Stock	4 468 000	4 289 000	3 531 000	2 951 000
Total Investments	0	0	0	0
Cash, Bank	367 000	509 000	470 000	490 000
Total Current Assets	5 558 000	5 668 000	5 024 000	4 153 000
Total Assets	5 974 000	6 171 000	5 162 000	4 228 000
Total Equity	1 534 000	1 348 000	491 000	−674 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 780 000	2 063 000	2 083 000	2 283 000
Creditors	608 000	1 058 000	888 000	1 231 000
Unpaid Taxes	246 000	194 000	219 000	321 000
Dividends	0	0	0	0
Other Current Debt	1 720 000	1 472 000	1 195 000	814 000
Total Current Debt	2 660 000	2 759 000	2 588 000	2 620 000
Total Equity and Debt	5 974 000	6 171 000	5 162 000	4 228 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,13 %	63,58 %	237,27 %	−8,61 %
Debt-to-Equity Ratio	1,16	1,53	4,24	−3,39
Operating Profit Margin	1,33 %	3,17 %	4,92 %	1,2 %
Current Ratio	2,09	2,05	1,94	1,59
Quick Ratio	−3,07	−3,7	−5,33	−12,55
Equity Ratio	0,26	0,22	0,1	−0,16
Gross Profit Margin	21,56 %	18,78 %	18,91 %	21,43 %