ART BY HASSEL AS

1680 SKJÆRHALDEN

Finances

Share Ownership

Return on Equity

42,78 %

Current Ratio

5,61

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	1 091 000	1 162 000	378 000
Net Income	400 000	393 000	123 000
Total Assets	1 139 000	743 000	258 000
Total Equity	935 000	535 000	142 000

Income (NOK)	2022	2021	2020
Revenue	1 091 000	1 162 000	378 000
Expenditure	581 000	658 000	223 000
Operating Profit	510 000	504 000	155 000
Financial Income	3 000	0	0
Financial Costs	0	0	0
Financial Balance	3 000	0	0
Earnings Before Tax	513 000	504 000	155 000
Tax	113 000	111 000	32 000
Net Income	400 000	393 000	123 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	1 139 000	743 000	258 000
Total Assets	1 139 000	743 000	258 000
Total Retained Equity	916 000	494 000	123 000
Total Equity	935 000	535 000	142 000
Total Long-Term Debt	0	0	0
Total Current Debt	203 000	208 000	116 000
Total Equity and Debt	1 139 000	743 000	258 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 091 000	1 162 000	378 000
Other Income	0	0	0
Revenue	1 091 000	1 162 000	378 000
Cost of Goods Sold	247 000	375 000	123 000
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	581 000	658 000	223 000
Operating Profit	510 000	504 000	155 000
Financial Income	3 000	0	0
Financial Costs	0	0	0
Financial Balance	3 000	0	0
Dividends	0	0	0
Net Income	400 000	393 000	123 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	358 000	293 000	118 000
Total Investments	0	0	0
Cash, Bank	723 000	380 000	113 000
Total Current Assets	1 139 000	743 000	258 000
Total Assets	1 139 000	743 000	258 000
Total Equity	935 000	535 000	142 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	−13 000	2 000	2 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	104 000	95 000	82 000
Total Current Debt	203 000	208 000	116 000
Total Equity and Debt	1 139 000	743 000	258 000

Financial indicators	2022	2021	2020
Return on Equity	42,78 %	73,46 %	86,62 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	46,75 %	43,37 %	41,01 %
Current Ratio	5,61	3,57	2,22
Quick Ratio	−7,35	−8,74	−129
Equity Ratio	0,82	0,72	0,55
Gross Profit Margin	77,36 %	67,73 %	67,46 %