ARTFEX NORGE AS

1388 BORGEN

Finances

Share Ownership

Return on Equity

−25 %

Current Ratio

0,67

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	260 000	302 000	290 000	88 000
Net Income	12 000	−33 000	−29 000	−59 000
Total Assets	96 000	80 000	153 000	88 000
Total Equity	−48 000	−60 000	−27 000	1 000

Income (NOK)	2022	2021	2020	2019
Revenue	260 000	302 000	290 000	88 000
Expenditure	248 000	335 000	319 000	147 000
Operating Profit	12 000	−33 000	−29 000	−59 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	12 000	−33 000	−29 000	−59 000
Tax	0	0	0	0
Net Income	12 000	−33 000	−29 000	−59 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	96 000	80 000	153 000	88 000
Total Assets	96 000	80 000	153 000	88 000
Total Retained Equity	−78 000	−90 000	−57 000	−29 000
Total Equity	−48 000	−60 000	−27 000	1 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	144 000	140 000	180 000	87 000
Total Equity and Debt	96 000	80 000	153 000	88 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	260 000	302 000	290 000	101 000
Other Income	0	0	0	−13 000
Revenue	260 000	302 000	290 000	88 000
Cost of Goods Sold	168 000	181 000	183 000	92 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	248 000	335 000	319 000	147 000
Operating Profit	12 000	−33 000	−29 000	−59 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	12 000	−33 000	−29 000	−59 000

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	26 000	19 000	91 000	58 000
Total Current Assets	96 000	80 000	153 000	88 000
Total Assets	96 000	80 000	153 000	88 000
Total Equity	−48 000	−60 000	−27 000	1 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	135 000	157 000	199 000	87 000
Unpaid Taxes	0	−32 000	−35 000	−14 000
Dividends	0	0	0	0
Other Current Debt	9 000	15 000	16 000	13 000
Total Current Debt	144 000	140 000	180 000	87 000
Total Equity and Debt	96 000	80 000	153 000	88 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−25 %	55 %	107,41 %	−5 900 %
Debt-to-Equity Ratio	−0	−0	−0	0
Operating Profit Margin	4,62 %	−10,93 %	−10 %	−67,05 %
Current Ratio	0,67	0,57	0,85	1,01
Quick Ratio	0,67	0,57	0,85	1,01
Equity Ratio	−0,5	−0,75	−0,18	0,01
Gross Profit Margin	35,38 %	40,07 %	36,9 %	−4,55 %