ART OF TOURISM AS

6905 FLORØ

Finances

Share Ownership

Return on Equity

43,74 %

Current Ratio

Debt-to-Equity Ratio

−2,02

Key figures (NOK)	2022	2021	2020
Revenue	0	104 000	11 000
Net Income	−262 000	−162 000	−205 000
Total Assets	1 148 000	1 322 000	1 286 000
Total Equity	−599 000	−337 000	−175 000

Income (NOK)	2022	2021	2020
Revenue	0	104 000	11 000
Expenditure	264 000	213 000	144 000
Operating Profit	−264 000	−109 000	−134 000
Financial Income	2 000	2 000	1 000
Financial Costs	0	55 000	72 000
Financial Balance	2 000	−53 000	−71 000
Earnings Before Tax	−262 000	−162 000	−205 000
Tax	0	0	0
Net Income	−262 000	−162 000	−205 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 148 000	1 321 000	1 282 000
Total Current Assets	0	1 000	4 000
Total Assets	1 148 000	1 322 000	1 286 000
Total Retained Equity	−629 000	−367 000	−205 000
Total Equity	−599 000	−337 000	−175 000
Total Long-Term Debt	1 212 000	1 129 000	1 100 000
Total Current Debt	534 000	529 000	361 000
Total Equity and Debt	1 148 000	1 322 000	1 286 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	0	104 000	11 000
Revenue	0	104 000	11 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	173 000	0	0
Impairment	0	0	0
Expenditure	264 000	213 000	144 000
Operating Profit	−264 000	−109 000	−134 000
Financial Income	2 000	2 000	1 000
Financial Costs	0	55 000	72 000
Financial Balance	2 000	−53 000	−71 000
Dividends	0	0	0
Net Income	−262 000	−162 000	−205 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	1 135 000	1 135 000	1 135 000
Machinery and Plant Facilities	0	0	0
Fixtures	13 000	186 000	147 000
Total Tangible Assets	1 148 000	1 321 000	1 282 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	1 148 000	1 321 000	1 282 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	1 000	4 000
Total Current Assets	0	1 000	4 000
Total Assets	1 148 000	1 322 000	1 286 000
Total Equity	−599 000	−337 000	−175 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	1 212 000	1 129 000	1 100 000
Creditors	0	14 000	9 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	534 000	516 000	353 000
Total Current Debt	534 000	529 000	361 000
Total Equity and Debt	1 148 000	1 322 000	1 286 000

Financial indicators	2022	2021	2020
Return on Equity	43,74 %	48,07 %	117,14 %
Debt-to-Equity Ratio	−2,02	−3,35	−6,29
Operating Profit Margin	-	−104,81 %	−1 218,18 %
Current Ratio	0	0	0,01
Quick Ratio	0	0	0,01
Equity Ratio	−0,52	−0,25	−0,14
Gross Profit Margin	-	100 %	100 %