ARTEL AS

0252 OSLO

Finances

Return on Equity

3,07 %

Current Ratio

5,45

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	55 549 000	195 041 000	5 528 504 000	81 192 000
Net Income	41 254 000	185 414 000	5 513 007 000	63 741 000
Total Assets	1 630 086 000	1 509 873 000	1 335 956 000	1 603 383 000
Total Equity	1 345 663 000	1 306 001 000	1 120 587 000	1 329 826 000

Income (NOK)	2022	2021	2020	2019
Revenue	55 549 000	195 041 000	5 528 504 000	81 192 000
Expenditure	6 111 000	2 930 000	3 439 000	7 861 000
Operating Profit	49 438 000	192 111 000	5 525 065 000	73 331 000
Financial Income	1 064 000	308 000	1 037 000	993 000
Financial Costs	8 176 000	6 568 000	6 533 000	10 524 000
Financial Balance	−7 112 000	−6 260 000	−5 496 000	−9 531 000
Earnings Before Tax	42 325 000	185 851 000	5 519 569 000	63 799 000
Tax	1 071 000	437 000	6 562 000	58 000
Net Income	41 254 000	185 414 000	5 513 007 000	63 741 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	79 884 000	77 743 000	77 743 000	375 413 000
Total Current Assets	1 550 202 000	1 432 130 000	1 258 213 000	1 227 970 000
Total Assets	1 630 086 000	1 509 873 000	1 335 956 000	1 603 383 000
Total Retained Equity	1 322 450 000	1 282 788 000	1 097 374 000	1 283 859 000
Total Equity	1 345 663 000	1 306 001 000	1 120 587 000	1 329 826 000
Total Long-Term Debt	88 000	110 000	137 000	512 000
Total Current Debt	284 335 000	203 761 000	215 231 000	273 045 000
Total Equity and Debt	1 630 086 000	1 509 873 000	1 335 956 000	1 603 383 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	55 549 000	195 041 000	5 528 504 000	81 192 000
Revenue	55 549 000	195 041 000	5 528 504 000	81 192 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	57 000	58 000	516 000
Depreciation	0	0	0	610 000
Impairment	0	0	0	0
Expenditure	6 111 000	2 930 000	3 439 000	7 861 000
Operating Profit	49 438 000	192 111 000	5 525 065 000	73 331 000
Financial Income	1 064 000	308 000	1 037 000	993 000
Financial Costs	8 176 000	6 568 000	6 533 000	10 524 000
Financial Balance	−7 112 000	−6 260 000	−5 496 000	−9 531 000
Dividends	0	0	0	0
Net Income	41 254 000	185 414 000	5 513 007 000	63 741 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	45 494 000	45 519 000	45 519 000	74 947 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	367 000
Total Tangible Assets	45 494 000	45 519 000	45 519 000	75 314 000
Total Fiancial Fixed Assets	34 389 000	32 224 000	32 224 000	300 099 000
Total Fixed Assets	79 884 000	77 743 000	77 743 000	375 413 000
Stock	0	0	0	0
Total Investments	1 482 114 000	1 346 775 000	1 147 382 000	1 148 370 000
Cash, Bank	22 729 000	70 957 000	92 687 000	69 750 000
Total Current Assets	1 550 202 000	1 432 130 000	1 258 213 000	1 227 970 000
Total Assets	1 630 086 000	1 509 873 000	1 335 956 000	1 603 383 000
Total Equity	1 345 663 000	1 306 001 000	1 120 587 000	1 329 826 000
Short-Term Group Debt	159 060 000	35 543 000	0	0
Total Long-Term Debt	88 000	110 000	137 000	512 000
Creditors	9 000	13 000	13 000	0
Unpaid Taxes	0	0	49 000	182 000
Dividends	0	0	0	0
Other Current Debt	124 840 000	167 593 000	215 021 000	272 863 000
Total Current Debt	284 335 000	203 761 000	215 231 000	273 045 000
Total Equity and Debt	1 630 086 000	1 509 873 000	1 335 956 000	1 603 383 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,07 %	14,2 %	491,97 %	4,79 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	89 %	98,5 %	99,94 %	90,32 %
Current Ratio	5,45	7,03	5,85	4,5
Quick Ratio	5,45	7,03	5,85	4,5
Equity Ratio	0,83	0,86	0,84	0,83
Gross Profit Margin	100 %	100 %	100 %	100 %