ARTIC STYLING AS

8530 BJERKVIK

Finances

Share Ownership

Return on Equity

22,78 %

Current Ratio

1,45

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 778 000	2 981 000	2 655 000	3 289 000
Net Income	54 000	40 000	−47 000	46 000
Total Assets	704 000	798 000	708 000	652 000
Total Equity	237 000	183 000	135 000	183 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 778 000	2 981 000	2 655 000	3 289 000
Expenditure	2 705 000	2 922 000	2 702 000	3 216 000
Operating Profit	73 000	60 000	−47 000	73 000
Financial Income	2 000	0	0	1 000
Financial Costs	4 000	9 000	10 000	6 000
Financial Balance	−2 000	−9 000	−10 000	−5 000
Earnings Before Tax	71 000	50 000	−57 000	68 000
Tax	17 000	11 000	−9 000	22 000
Net Income	54 000	40 000	−47 000	46 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	26 000	66 000	106 000	146 000
Total Current Assets	678 000	732 000	602 000	506 000
Total Assets	704 000	798 000	708 000	652 000
Total Retained Equity	207 000	153 000	105 000	153 000
Total Equity	237 000	183 000	135 000	183 000
Total Long-Term Debt	0	149 000	196 000	9 000
Total Current Debt	467 000	467 000	377 000	461 000
Total Equity and Debt	704 000	798 000	708 000	652 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 771 000	2 974 000	2 609 000	3 282 000
Other Income	7 000	7 000	47 000	7 000
Revenue	2 778 000	2 981 000	2 655 000	3 289 000
Cost of Goods Sold	340 000	460 000	408 000	528 000
Salary Costs	1 762 000	1 713 000	1 543 000	1 945 000
Depreciation	40 000	40 000	40 000	40 000
Impairment	0	0	0	0
Expenditure	2 705 000	2 922 000	2 702 000	3 216 000
Operating Profit	73 000	60 000	−47 000	73 000
Financial Income	2 000	0	0	1 000
Financial Costs	4 000	9 000	10 000	6 000
Financial Balance	−2 000	−9 000	−10 000	−5 000
Dividends	0	0	0	0
Net Income	54 000	40 000	−47 000	46 000

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	26 000	66 000	106 000	146 000
Total Tangible Assets	26 000	66 000	106 000	146 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	26 000	66 000	106 000	146 000
Stock	106 000	140 000	79 000	132 000
Total Investments	0	0	0	0
Cash, Bank	515 000	519 000	426 000	308 000
Total Current Assets	678 000	732 000	602 000	506 000
Total Assets	704 000	798 000	708 000	652 000
Total Equity	237 000	183 000	135 000	183 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	149 000	196 000	9 000
Creditors	15 000	56 000	16 000	52 000
Unpaid Taxes	168 000	201 000	175 000	185 000
Dividends	0	0	0	0
Other Current Debt	264 000	201 000	186 000	204 000
Total Current Debt	467 000	467 000	377 000	461 000
Total Equity and Debt	704 000	798 000	708 000	652 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,78 %	21,86 %	−34,81 %	25,14 %
Debt-to-Equity Ratio	0	0,81	1,45	0,05
Operating Profit Margin	2,63 %	2,01 %	−1,77 %	2,22 %
Current Ratio	1,45	1,57	1,6	1,1
Quick Ratio	1,88	2,24	2,02	1,54
Equity Ratio	0,34	0,23	0,19	0,28
Gross Profit Margin	87,76 %	84,57 %	84,63 %	83,95 %