ARTEMES GROUP AS

4033 STAVANGER

Finances

Return on Equity

120,21 %

Current Ratio

0,6

Debt-to-Equity Ratio

−0,84

Key figures (NOK)	2022	2021	2020	2019
Revenue	199 010 000	188 549 000	102 643 000	0
Net Income	−13 593 000	−5 031 000	317 000	−1 374 000
Total Assets	76 388 000	84 562 000	45 782 000	3 865 000
Total Equity	−11 308 000	3 527 000	10 016 000	3 598 000

Income (NOK)	2022	2021	2020	2019
Revenue	199 010 000	188 549 000	102 643 000	0
Expenditure	210 765 000	192 788 000	101 419 000	296 000
Operating Profit	−11 756 000	−4 238 000	1 224 000	−296 000
Financial Income	164 000	155 000	45 000	4 875 000
Financial Costs	2 001 000	958 000	246 000	5 953 000
Financial Balance	−1 837 000	−803 000	−201 000	−1 078 000
Earnings Before Tax	−13 593 000	−5 041 000	1 023 000	−1 374 000
Tax	0	−10 000	706 000	0
Net Income	−13 593 000	−5 031 000	317 000	−1 374 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	29 866 000	28 614 000	13 665 000	3 600 000
Total Current Assets	46 522 000	55 948 000	32 118 000	265 000
Total Assets	76 388 000	84 562 000	45 782 000	3 865 000
Total Retained Equity	−12 387 000	307 000	6 547 000	2 668 000
Total Equity	−11 308 000	3 527 000	10 016 000	3 598 000
Total Long-Term Debt	9 513 000	5 585 000	3 927 000	102 000
Total Current Debt	78 184 000	75 450 000	31 839 000	164 000
Total Equity and Debt	76 388 000	84 562 000	45 782 000	3 865 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	186 030 000	187 412 000	102 501 000	0
Other Income	12 980 000	1 136 000	142 000	0
Revenue	199 010 000	188 549 000	102 643 000	0
Cost of Goods Sold	16 761 000	20 534 000	9 335 000	0
Salary Costs	168 526 000	156 894 000	85 545 000	41 000
Depreciation	5 236 000	3 493 000	758 000	0
Impairment	0	0	0	0
Expenditure	210 765 000	192 788 000	101 419 000	296 000
Operating Profit	−11 756 000	−4 238 000	1 224 000	−296 000
Financial Income	164 000	155 000	45 000	4 875 000
Financial Costs	2 001 000	958 000	246 000	5 953 000
Financial Balance	−1 837 000	−803 000	−201 000	−1 078 000
Dividends	0	0	0	0
Net Income	−13 593 000	−5 031 000	317 000	−1 374 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	4 260 000	6 122 000	4 685 000	0
Total Intangible Assets	29 289 000	20 732 000	12 516 000	0
Real Eastate	0	6 301 000	534 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	177 000	1 226 000	20 000	0
Total Tangible Assets	177 000	7 527 000	554 000	0
Total Fiancial Fixed Assets	400 000	355 000	595 000	3 600 000
Total Fixed Assets	29 866 000	28 614 000	13 665 000	3 600 000
Stock	562 000	503 000	0	0
Total Investments	0	0	0	0
Cash, Bank	5 175 000	8 688 000	4 071 000	61 000
Total Current Assets	46 522 000	55 948 000	32 118 000	265 000
Total Assets	76 388 000	84 562 000	45 782 000	3 865 000
Total Equity	−11 308 000	3 527 000	10 016 000	3 598 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 513 000	5 585 000	3 927 000	102 000
Creditors	7 108 000	5 411 000	1 659 000	48 000
Unpaid Taxes	17 989 000	18 461 000	10 618 000	19 000
Dividends	0	0	0	0
Other Current Debt	24 278 000	32 388 000	17 877 000	98 000
Total Current Debt	78 184 000	75 450 000	31 839 000	164 000
Total Equity and Debt	76 388 000	84 562 000	45 782 000	3 865 000

Financial indicators	2022	2021	2020	2019
Return on Equity	120,21 %	−142,64 %	3,16 %	−38,19 %
Debt-to-Equity Ratio	−0,84	1,58	0,39	0,03
Operating Profit Margin	−5,91 %	−2,25 %	1,19 %	-
Current Ratio	0,6	0,74	1,01	1,62
Quick Ratio	0,6	0,75	1,01	1,62
Equity Ratio	−0,15	0,04	0,22	0,93
Gross Profit Margin	91,58 %	89,11 %	90,91 %	-