ART-INVEST AS

1738 BORGENHAUGEN

Finances

Share Ownership

Return on Equity

19,52 %

Current Ratio

3,64

Debt-to-Equity Ratio

43,42

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 360 000	8 821 000	546 000	159 000
Net Income	339 000	1 148 000	120 000	106 000
Total Assets	77 649 000	42 205 000	13 501 000	367 000
Total Equity	1 737 000	1 398 000	250 000	129 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 360 000	8 821 000	546 000	159 000
Expenditure	1 041 000	1 267 000	239 000	24 000
Operating Profit	1 319 000	2 709 000	307 000	134 000
Financial Income	0	0	0	0
Financial Costs	889 000	1 238 000	148 000	0
Financial Balance	−889 000	−1 238 000	−148 000	0
Earnings Before Tax	430 000	1 472 000	159 000	134 000
Tax	92 000	324 000	39 000	28 000
Net Income	339 000	1 148 000	120 000	106 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	75 876 000	41 539 000	13 240 000	215 000
Total Current Assets	1 773 000	666 000	261 000	152 000
Total Assets	77 649 000	42 205 000	13 501 000	367 000
Total Retained Equity	1 712 000	1 373 000	226 000	105 000
Total Equity	1 737 000	1 398 000	250 000	129 000
Total Long-Term Debt	75 426 000	39 895 000	13 122 000	200 000
Total Current Debt	487 000	912 000	129 000	38 000
Total Equity and Debt	77 649 000	42 205 000	13 501 000	367 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	6 665 000	0	0
Other Income	2 360 000	2 156 000	546 000	159 000
Revenue	2 360 000	8 821 000	546 000	159 000
Cost of Goods Sold	0	529 000	0	0
Salary Costs	0	0	0	0
Depreciation	467 000	0	0	0
Impairment	0	0	0	0
Expenditure	1 041 000	1 267 000	239 000	24 000
Operating Profit	1 319 000	2 709 000	307 000	134 000
Financial Income	0	0	0	0
Financial Costs	889 000	1 238 000	148 000	0
Financial Balance	−889 000	−1 238 000	−148 000	0
Dividends	0	0	0	0
Net Income	339 000	1 148 000	120 000	106 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	110 000	0	0	0
Real Eastate	69 071 000	41 537 000	13 398 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	69 071 000	41 537 000	13 398 000	0
Total Fiancial Fixed Assets	6 695 000	1 000	−158 000	215 000
Total Fixed Assets	75 876 000	41 539 000	13 240 000	215 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 713 000	455 000	187 000	136 000
Total Current Assets	1 773 000	666 000	261 000	152 000
Total Assets	77 649 000	42 205 000	13 501 000	367 000
Total Equity	1 737 000	1 398 000	250 000	129 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	75 426 000	39 895 000	13 122 000	200 000
Creditors	39 000	408 000	14 000	10 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	246 000	180 000	77 000	0
Total Current Debt	487 000	912 000	129 000	38 000
Total Equity and Debt	77 649 000	42 205 000	13 501 000	367 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,52 %	82,12 %	48 %	82,17 %
Debt-to-Equity Ratio	43,42	28,54	52,49	1,55
Operating Profit Margin	55,89 %	30,71 %	56,23 %	84,28 %
Current Ratio	3,64	0,73	2,02	4
Quick Ratio	3,64	0,73	2,02	4
Equity Ratio	0,02	0,03	0,02	0,35
Gross Profit Margin	100 %	94 %	100 %	100 %