ARTCO AS

0379 OSLO

Finances

Return on Equity

52,33 %

Current Ratio

211,08

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	725 000	1 227 000	1 168 000	1 677 000
Net Income	13 171 000	9 814 000	5 397 000	266 000
Total Assets	25 271 000	69 369 000	64 610 000	67 379 000
Total Equity	25 171 000	44 000 000	59 186 000	61 790 000

Income (NOK)	2022	2021	2020	2019
Revenue	725 000	1 227 000	1 168 000	1 677 000
Expenditure	4 163 000	2 245 000	2 440 000	2 534 000
Operating Profit	−3 439 000	−1 018 000	−1 272 000	−857 000
Financial Income	19 317 000	10 966 000	7 102 000	1 109 000
Financial Costs	2 707 000	134 000	510 000	22 000
Financial Balance	16 610 000	10 832 000	6 592 000	1 087 000
Earnings Before Tax	13 171 000	9 814 000	5 320 000	231 000
Tax	0	0	−76 000	−35 000
Net Income	13 171 000	9 814 000	5 397 000	266 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 163 000	22 446 000	17 379 000	27 716 000
Total Current Assets	21 108 000	46 923 000	47 231 000	39 663 000
Total Assets	25 271 000	69 369 000	64 610 000	67 379 000
Total Retained Equity	25 068 000	43 897 000	59 084 000	61 687 000
Total Equity	25 171 000	44 000 000	59 186 000	61 790 000
Total Long-Term Debt	0	0	0	76 000
Total Current Debt	100 000	25 369 000	5 424 000	5 513 000
Total Equity and Debt	25 271 000	69 369 000	64 610 000	67 379 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	576 000	954 000	835 000	1 566 000
Other Income	148 000	273 000	333 000	112 000
Revenue	725 000	1 227 000	1 168 000	1 677 000
Cost of Goods Sold	245 000	496 000	520 000	919 000
Salary Costs	451 000	284 000	445 000	175 000
Depreciation	224 000	599 000	660 000	704 000
Impairment	0	0	0	0
Expenditure	4 163 000	2 245 000	2 440 000	2 534 000
Operating Profit	−3 439 000	−1 018 000	−1 272 000	−857 000
Financial Income	19 317 000	10 966 000	7 102 000	1 109 000
Financial Costs	2 707 000	134 000	510 000	22 000
Financial Balance	16 610 000	10 832 000	6 592 000	1 087 000
Dividends	0	0	5 000 000	5 000 000
Net Income	13 171 000	9 814 000	5 397 000	266 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	9 106 000	4 002 000	4 002 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	12 000	6 530 000	6 522 000	7 014 000
Total Tangible Assets	12 000	15 636 000	10 524 000	11 016 000
Total Fiancial Fixed Assets	4 151 000	6 810 000	6 855 000	16 700 000
Total Fixed Assets	4 163 000	22 446 000	17 379 000	27 716 000
Stock	0	0	0	0
Total Investments	19 294 000	20 968 000	10 131 000	0
Cash, Bank	1 767 000	24 306 000	35 608 000	38 032 000
Total Current Assets	21 108 000	46 923 000	47 231 000	39 663 000
Total Assets	25 271 000	69 369 000	64 610 000	67 379 000
Total Equity	25 171 000	44 000 000	59 186 000	61 790 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	76 000
Creditors	44 000	41 000	15 000	16 000
Unpaid Taxes	19 000	52 000	44 000	44 000
Dividends	0	0	5 000 000	5 000 000
Other Current Debt	36 000	276 000	365 000	453 000
Total Current Debt	100 000	25 369 000	5 424 000	5 513 000
Total Equity and Debt	25 271 000	69 369 000	64 610 000	67 379 000

Financial indicators	2022	2021	2020	2019
Return on Equity	52,33 %	22,3 %	9,12 %	0,43 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−474,34 %	−82,97 %	−108,9 %	−51,1 %
Current Ratio	211,08	1,85	8,71	7,19
Quick Ratio	211,08	1,85	8,71	7,19
Equity Ratio	1	0,63	0,92	0,92
Gross Profit Margin	66,21 %	59,58 %	55,48 %	45,2 %