ART I AS

5310 HAUGLANDSHELLA

Finances

Share Ownership

Return on Equity

45,87 %

Current Ratio

4,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	415 000	3 375 000	103 000	218 000
Net Income	111 000	1 222 000	−155 000	−75 000
Total Assets	322 000	1 647 000	76 000	155 000
Total Equity	242 000	841 000	−381 000	−226 000

Income (NOK)	2022	2021	2020	2019
Revenue	415 000	3 375 000	103 000	218 000
Expenditure	273 000	1 956 000	259 000	200 000
Operating Profit	142 000	1 419 000	−155 000	18 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	93 000
Financial Balance	−1 000	0	0	−93 000
Earnings Before Tax	141 000	1 419 000	−155 000	−75 000
Tax	30 000	197 000	0	0
Net Income	111 000	1 222 000	−155 000	−75 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	465 000	0	20 000
Total Current Assets	322 000	1 182 000	76 000	135 000
Total Assets	322 000	1 647 000	76 000	155 000
Total Retained Equity	218 000	817 000	−405 000	−250 000
Total Equity	242 000	841 000	−381 000	−226 000
Total Long-Term Debt	0	0	440 000	363 000
Total Current Debt	80 000	806 000	18 000	18 000
Total Equity and Debt	322 000	1 647 000	76 000	155 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	415 000	3 375 000	103 000	218 000
Other Income	0	0	0	0
Revenue	415 000	3 375 000	103 000	218 000
Cost of Goods Sold	−180 000	1 776 000	75 000	0
Salary Costs	0	0	0	0
Depreciation	0	0	20 000	26 000
Impairment	0	0	0	0
Expenditure	273 000	1 956 000	259 000	200 000
Operating Profit	142 000	1 419 000	−155 000	18 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	93 000
Financial Balance	−1 000	0	0	−93 000
Dividends	0	0	0	0
Net Income	111 000	1 222 000	−155 000	−75 000

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	0	20 000
Total Tangible Assets	0	0	0	20 000
Total Fiancial Fixed Assets	0	465 000	0	0
Total Fixed Assets	0	465 000	0	20 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	34 000	95 000	37 000	95 000
Total Current Assets	322 000	1 182 000	76 000	135 000
Total Assets	322 000	1 647 000	76 000	155 000
Total Equity	242 000	841 000	−381 000	−226 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	440 000	363 000
Creditors	0	27 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	50 000	583 000	18 000	18 000
Total Current Debt	80 000	806 000	18 000	18 000
Total Equity and Debt	322 000	1 647 000	76 000	155 000

Financial indicators	2022	2021	2020	2019
Return on Equity	45,87 %	145,3 %	40,68 %	33,19 %
Debt-to-Equity Ratio	0	0	−1,15	−1,61
Operating Profit Margin	34,22 %	42,04 %	−150,49 %	8,26 %
Current Ratio	4,03	1,47	4,22	7,5
Quick Ratio	4,03	1,47	4,22	7,5
Equity Ratio	0,75	0,51	−5,01	−1,46
Gross Profit Margin	143,37 %	47,38 %	27,18 %	100 %