ARMART AS

4070 RANDABERG

Finances

Share Ownership

Return on Equity

12,75 %

Current Ratio

1,81

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 115 000	400 000	130 000	170 000
Net Income	26 000	149 000	125 000	−40 000
Total Assets	456 000	530 000	226 000	129 000
Total Equity	204 000	179 000	164 000	86 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 115 000	400 000	130 000	170 000
Expenditure	1 082 000	210 000	−11 000	210 000
Operating Profit	33 000	191 000	140 000	−40 000
Financial Income	0	0	0	0
Financial Costs	0	0	2 000	0
Financial Balance	0	0	−2 000	0
Earnings Before Tax	33 000	191 000	138 000	−40 000
Tax	7 000	42 000	13 000	0
Net Income	26 000	149 000	125 000	−40 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	456 000	530 000	226 000	129 000
Total Assets	456 000	530 000	226 000	129 000
Total Retained Equity	174 000	149 000	134 000	56 000
Total Equity	204 000	179 000	164 000	86 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	252 000	351 000	62 000	43 000
Total Equity and Debt	456 000	530 000	226 000	129 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 115 000	400 000	130 000	170 000
Other Income	0	0	0	0
Revenue	1 115 000	400 000	130 000	170 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 003 000	180 000	−21 000	192 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 082 000	210 000	−11 000	210 000
Operating Profit	33 000	191 000	140 000	−40 000
Financial Income	0	0	0	0
Financial Costs	0	0	2 000	0
Financial Balance	0	0	−2 000	0
Dividends	0	0	0	0
Net Income	26 000	149 000	125 000	−40 000

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	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	356 000	530 000	225 000	10 000
Total Current Assets	456 000	530 000	226 000	129 000
Total Assets	456 000	530 000	226 000	129 000
Total Equity	204 000	179 000	164 000	86 000
Short-Term Group Debt	0	0	61 000	0
Total Long-Term Debt	0	0	0	0
Creditors	0	1 000	0	0
Unpaid Taxes	102 000	180 000	0	14 000
Dividends	0	0	0	0
Other Current Debt	142 000	128 000	1 000	29 000
Total Current Debt	252 000	351 000	62 000	43 000
Total Equity and Debt	456 000	530 000	226 000	129 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,75 %	83,24 %	76,22 %	−46,51 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,96 %	47,75 %	107,69 %	−23,53 %
Current Ratio	1,81	1,51	3,65	3
Quick Ratio	1,81	1,51	3,65	3
Equity Ratio	0,45	0,34	0,73	0,67
Gross Profit Margin	100 %	100 %	100 %	100 %