ARGENTUM ASSET MANAGEMENT AS

5003 BERGEN

Finances

Return on Equity

17,12 %

Current Ratio

0,77

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	72 511 000	73 800 000	74 328 000	80 409 000
Net Income	10 839 000	3 800 000	120 000	−23 324 000
Total Assets	87 193 000	105 683 000	102 834 000	108 319 000
Total Equity	63 306 000	64 171 000	62 158 000	63 512 000

Income (NOK)	2022	2021	2020	2019
Revenue	72 511 000	73 800 000	74 328 000	80 409 000
Expenditure	57 204 000	71 243 000	71 725 000	77 240 000
Operating Profit	15 306 000	2 557 000	2 603 000	3 169 000
Financial Income	110 000	19 000	110 000	220 000
Financial Costs	684 000	−1 896 000	1 913 000	25 456 000
Financial Balance	−574 000	1 915 000	−1 803 000	−25 236 000
Earnings Before Tax	14 732 000	4 472 000	801 000	−22 068 000
Tax	3 893 000	672 000	681 000	1 256 000
Net Income	10 839 000	3 800 000	120 000	−23 324 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	68 804 000	71 572 000	65 692 000	67 696 000
Total Current Assets	18 388 000	34 111 000	37 143 000	40 623 000
Total Assets	87 193 000	105 683 000	102 834 000	108 319 000
Total Retained Equity	−37 003 000	−36 138 000	−38 151 000	−36 797 000
Total Equity	63 306 000	64 171 000	62 158 000	63 512 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	23 887 000	41 512 000	40 676 000	44 808 000
Total Equity and Debt	87 193 000	105 683 000	102 834 000	108 319 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	70 743 000	71 832 000	74 328 000	80 367 000
Other Income	1 767 000	1 967 000	0	41 000
Revenue	72 511 000	73 800 000	74 328 000	80 409 000
Cost of Goods Sold	0	0	0	0
Salary Costs	32 372 000	50 252 000	48 880 000	44 277 000
Depreciation	2 733 000	2 538 000	2 180 000	646 000
Impairment	0	0	0	0
Expenditure	57 204 000	71 243 000	71 725 000	77 240 000
Operating Profit	15 306 000	2 557 000	2 603 000	3 169 000
Financial Income	110 000	19 000	110 000	220 000
Financial Costs	684 000	−1 896 000	1 913 000	25 456 000
Financial Balance	−574 000	1 915 000	−1 803 000	−25 236 000
Dividends	0	0	0	0
Net Income	10 839 000	3 800 000	120 000	−23 324 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 642 000	4 353 000	1 391 000	1 889 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	5 292 000	6 694 000	8 007 000	9 434 000
Total Tangible Assets	5 292 000	6 694 000	8 007 000	9 434 000
Total Fiancial Fixed Assets	59 870 000	60 525 000	56 294 000	56 373 000
Total Fixed Assets	68 804 000	71 572 000	65 692 000	67 696 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 890 000	10 995 000	10 562 000	10 919 000
Total Current Assets	18 388 000	34 111 000	37 143 000	40 623 000
Total Assets	87 193 000	105 683 000	102 834 000	108 319 000
Total Equity	63 306 000	64 171 000	62 158 000	63 512 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 458 000	1 994 000	1 268 000	8 094 000
Unpaid Taxes	2 713 000	2 106 000	2 333 000	2 065 000
Dividends	0	0	0	0
Other Current Debt	18 716 000	37 412 000	37 076 000	34 649 000
Total Current Debt	23 887 000	41 512 000	40 676 000	44 808 000
Total Equity and Debt	87 193 000	105 683 000	102 834 000	108 319 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,12 %	5,92 %	0,19 %	−36,72 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	21,11 %	3,46 %	3,5 %	3,94 %
Current Ratio	0,77	0,82	0,91	0,91
Quick Ratio	0,77	0,82	0,91	0,91
Equity Ratio	0,73	0,61	0,6	0,59
Gross Profit Margin	100 %	100 %	100 %	100 %