ARGO AS

1357 BEKKESTUA

Finances

Return on Equity

−23,29 %

Current Ratio

2,95

Debt-to-Equity Ratio

0,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 402 000	1 300 000	1 171 000	131 000
Net Income	−140 000	155 000	174 000	−258 000
Total Assets	1 100 000	944 000	704 000	203 000
Total Equity	601 000	495 000	340 000	166 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 402 000	1 300 000	1 171 000	131 000
Expenditure	1 577 000	1 100 000	947 000	117 000
Operating Profit	−176 000	200 000	223 000	14 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	270 000
Financial Balance	0	0	0	−270 000
Earnings Before Tax	−176 000	199 000	223 000	−256 000
Tax	0	41 000	50 000	2 000
Net Income	−140 000	155 000	174 000	−258 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	161 000	161 000	146 000	146 000
Total Current Assets	940 000	783 000	558 000	57 000
Total Assets	1 100 000	944 000	704 000	203 000
Total Retained Equity	571 000	465 000	310 000	136 000
Total Equity	601 000	495 000	340 000	166 000
Total Long-Term Debt	180 000	136 000	4 000	0
Total Current Debt	319 000	312 000	360 000	37 000
Total Equity and Debt	1 100 000	944 000	704 000	203 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 402 000	1 300 000	1 171 000	131 000
Other Income	0	0	0	0
Revenue	1 402 000	1 300 000	1 171 000	131 000
Cost of Goods Sold	0	9 000	1 000	1 000
Salary Costs	947 000	866 000	861 000	80 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 577 000	1 100 000	947 000	117 000
Operating Profit	−176 000	200 000	223 000	14 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	270 000
Financial Balance	0	0	0	−270 000
Dividends	0	0	0	0
Net Income	−140 000	155 000	174 000	−258 000

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	15 000	15 000	0	0
Total Tangible Assets	15 000	15 000	0	0
Total Fiancial Fixed Assets	146 000	146 000	146 000	146 000
Total Fixed Assets	161 000	161 000	146 000	146 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	709 000	783 000	308 000	57 000
Total Current Assets	940 000	783 000	558 000	57 000
Total Assets	1 100 000	944 000	704 000	203 000
Total Equity	601 000	495 000	340 000	166 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	180 000	136 000	4 000	0
Creditors	0	1 000	3 000	2 000
Unpaid Taxes	199 000	175 000	227 000	33 000
Dividends	0	0	0	0
Other Current Debt	96 000	95 000	80 000	0
Total Current Debt	319 000	312 000	360 000	37 000
Total Equity and Debt	1 100 000	944 000	704 000	203 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−23,29 %	31,31 %	51,18 %	−155,42 %
Debt-to-Equity Ratio	0,3	0,27	0,01	0
Operating Profit Margin	−12,55 %	15,38 %	19,04 %	10,69 %
Current Ratio	2,95	2,51	1,55	1,54
Quick Ratio	2,95	2,51	1,55	1,54
Equity Ratio	0,55	0,52	0,48	0,82
Gross Profit Margin	100 %	99,31 %	99,91 %	99,24 %