ARTBIO AS

0884 OSLO

Finances

Share Ownership

Return on Equity

−259,49 %

Current Ratio

1,34

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 797 000	1 910 000	1 143 000	1 399 000
Net Income	−14 630 000	−6 595 000	−3 566 000	−1 461 000
Total Assets	21 428 000	24 254 000	3 915 000	8 195 000
Total Equity	5 638 000	20 269 000	3 029 000	6 595 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 797 000	1 910 000	1 143 000	1 399 000
Expenditure	40 471 000	8 492 000	4 727 000	2 864 000
Operating Profit	−14 674 000	−6 582 000	−3 583 000	−1 465 000
Financial Income	583 000	10 000	22 000	6 000
Financial Costs	539 000	23 000	4 000	1 000
Financial Balance	44 000	−13 000	18 000	5 000
Earnings Before Tax	−14 630 000	−6 595 000	−3 566 000	−1 461 000
Tax	0	0	0	0
Net Income	−14 630 000	−6 595 000	−3 566 000	−1 461 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	194 000	0	0	0
Total Current Assets	21 234 000	24 254 000	3 915 000	8 195 000
Total Assets	21 428 000	24 254 000	3 915 000	8 195 000
Total Retained Equity	−26 726 000	−12 095 000	−5 501 000	−1 935 000
Total Equity	5 638 000	20 269 000	3 029 000	6 595 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	15 789 000	3 985 000	886 000	1 600 000
Total Equity and Debt	21 428 000	24 254 000	3 915 000	8 195 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	21 295 000	1 910 000	1 143 000	1 399 000
Other Income	4 502 000	0	0	0
Revenue	25 797 000	1 910 000	1 143 000	1 399 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 356 000	1 353 000	677 000	677 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	40 471 000	8 492 000	4 727 000	2 864 000
Operating Profit	−14 674 000	−6 582 000	−3 583 000	−1 465 000
Financial Income	583 000	10 000	22 000	6 000
Financial Costs	539 000	23 000	4 000	1 000
Financial Balance	44 000	−13 000	18 000	5 000
Dividends	0	0	0	0
Net Income	−14 630 000	−6 595 000	−3 566 000	−1 461 000

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	194 000	0	0	0
Total Fixed Assets	194 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 183 000	22 209 000	2 997 000	6 989 000
Total Current Assets	21 234 000	24 254 000	3 915 000	8 195 000
Total Assets	21 428 000	24 254 000	3 915 000	8 195 000
Total Equity	5 638 000	20 269 000	3 029 000	6 595 000
Short-Term Group Debt	3 943 000	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 469 000	3 599 000	780 000	1 495 000
Unpaid Taxes	407 000	89 000	37 000	36 000
Dividends	0	0	0	0
Other Current Debt	6 970 000	297 000	69 000	68 000
Total Current Debt	15 789 000	3 985 000	886 000	1 600 000
Total Equity and Debt	21 428 000	24 254 000	3 915 000	8 195 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−259,49 %	−32,54 %	−117,73 %	−22,15 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−56,88 %	−344,61 %	−313,47 %	−104,72 %
Current Ratio	1,34	6,09	4,42	5,12
Quick Ratio	1,34	6,09	4,42	5,12
Equity Ratio	0,26	0,84	0,77	0,8
Gross Profit Margin	100 %	100 %	100 %	100 %