ARTTECH ENTREPRENØR AS

2353 STAVSJØ

Finances

Share Ownership

Return on Equity

−64,96 %

Current Ratio

1,12

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 817 000	14 494 000	16 149 000	13 614 000
Net Income	−1 665 000	−646 000	72 000	752 000
Total Assets	10 173 000	12 006 000	11 822 000	11 949 000
Total Equity	2 563 000	4 228 000	4 874 000	4 802 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 817 000	14 494 000	16 149 000	13 614 000
Expenditure	18 455 000	15 226 000	15 943 000	12 559 000
Operating Profit	−1 638 000	−732 000	206 000	1 055 000
Financial Income	7 000	2 000	3 000	35 000
Financial Costs	144 000	97 000	116 000	126 000
Financial Balance	−137 000	−95 000	−113 000	−91 000
Earnings Before Tax	−1 775 000	−828 000	93 000	964 000
Tax	−110 000	−182 000	21 000	212 000
Net Income	−1 665 000	−646 000	72 000	752 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 826 000	2 859 000	3 651 000	4 583 000
Total Current Assets	8 347 000	9 147 000	8 171 000	7 366 000
Total Assets	10 173 000	12 006 000	11 822 000	11 949 000
Total Retained Equity	0	1 202 000	1 847 000	1 775 000
Total Equity	2 563 000	4 228 000	4 874 000	4 802 000
Total Long-Term Debt	162 000	303 000	330 000	487 000
Total Current Debt	7 448 000	7 475 000	6 618 000	6 661 000
Total Equity and Debt	10 173 000	12 006 000	11 822 000	11 949 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 171 000	14 164 000	16 044 000	12 865 000
Other Income	1 647 000	330 000	105 000	750 000
Revenue	16 817 000	14 494 000	16 149 000	13 614 000
Cost of Goods Sold	5 385 000	3 681 000	4 707 000	3 722 000
Salary Costs	6 145 000	5 356 000	5 449 000	4 092 000
Depreciation	525 000	862 000	883 000	947 000
Impairment	0	0	0	0
Expenditure	18 455 000	15 226 000	15 943 000	12 559 000
Operating Profit	−1 638 000	−732 000	206 000	1 055 000
Financial Income	7 000	2 000	3 000	35 000
Financial Costs	144 000	97 000	116 000	126 000
Financial Balance	−137 000	−95 000	−113 000	−91 000
Dividends	0	0	0	0
Net Income	−1 665 000	−646 000	72 000	752 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	505 000
Machinery and Plant Facilities	1 022 000	1 408 000	2 188 000	2 812 000
Fixtures	382 000	693 000	407 000	541 000
Total Tangible Assets	1 405 000	2 102 000	2 595 000	3 857 000
Total Fiancial Fixed Assets	421 000	757 000	1 056 000	726 000
Total Fixed Assets	1 826 000	2 859 000	3 651 000	4 583 000
Stock	320 000	86 000	50 000	50 000
Total Investments	0	0	0	0
Cash, Bank	167 000	−167 000	547 000	1 677 000
Total Current Assets	8 347 000	9 147 000	8 171 000	7 366 000
Total Assets	10 173 000	12 006 000	11 822 000	11 949 000
Total Equity	2 563 000	4 228 000	4 874 000	4 802 000
Short-Term Group Debt	0	574 000	0	0
Total Long-Term Debt	162 000	303 000	330 000	487 000
Creditors	2 184 000	2 121 000	1 153 000	2 219 000
Unpaid Taxes	915 000	1 224 000	1 729 000	802 000
Dividends	0	0	0	0
Other Current Debt	4 348 000	3 555 000	3 609 000	3 336 000
Total Current Debt	7 448 000	7 475 000	6 618 000	6 661 000
Total Equity and Debt	10 173 000	12 006 000	11 822 000	11 949 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−64,96 %	−15,28 %	1,48 %	15,66 %
Debt-to-Equity Ratio	0,06	0,07	0,07	0,1
Operating Profit Margin	−9,74 %	−5,05 %	1,28 %	7,75 %
Current Ratio	1,12	1,22	1,23	1,11
Quick Ratio	1,17	1,24	1,24	1,11
Equity Ratio	0,25	0,35	0,41	0,4
Gross Profit Margin	67,98 %	74,6 %	70,85 %	72,66 %