ARGON ELEKTRO AS

7047 TRONDHEIM

Finances

Return on Equity

20,19 %

Current Ratio

1,33

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	75 075 000	56 580 000	68 008 000	96 421 000
Net Income	1 607 000	−2 457 000	−2 702 000	−6 826 000
Total Assets	33 954 000	27 254 000	32 922 000	36 218 000
Total Equity	7 960 000	6 353 000	8 810 000	6 638 000

Income (NOK)	2022	2021	2020	2019
Revenue	75 075 000	56 580 000	68 008 000	96 421 000
Expenditure	72 478 000	59 601 000	71 214 000	105 075 000
Operating Profit	2 251 000	−3 021 000	−3 207 000	−8 655 000
Financial Income	44 000	71 000	30 000	157 000
Financial Costs	226 000	198 000	277 000	254 000
Financial Balance	−182 000	−127 000	−247 000	−97 000
Earnings Before Tax	2 069 000	−3 148 000	−3 454 000	−8 752 000
Tax	462 000	−691 000	−752 000	−1 926 000
Net Income	1 607 000	−2 457 000	−2 702 000	−6 826 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	565 000	961 000	357 000	3 229 000
Total Current Assets	33 388 000	26 293 000	32 565 000	32 988 000
Total Assets	33 954 000	27 254 000	32 922 000	36 218 000
Total Retained Equity	1 607 000	0	0	0
Total Equity	7 960 000	6 353 000	8 810 000	6 638 000
Total Long-Term Debt	900 000	0	0	0
Total Current Debt	25 094 000	20 901 000	24 112 000	29 580 000
Total Equity and Debt	33 954 000	27 254 000	32 922 000	36 218 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	75 009 000	56 575 000	68 128 000	96 168 000
Other Income	66 000	4 000	−120 000	254 000
Revenue	75 075 000	56 580 000	68 008 000	96 421 000
Cost of Goods Sold	27 783 000	16 982 000	25 543 000	47 678 000
Salary Costs	35 290 000	34 606 000	38 371 000	48 459 000
Depreciation	4 000	0	0	0
Impairment	0	0	0	0
Expenditure	72 478 000	59 601 000	71 214 000	105 075 000
Operating Profit	2 251 000	−3 021 000	−3 207 000	−8 655 000
Financial Income	44 000	71 000	30 000	157 000
Financial Costs	226 000	198 000	277 000	254 000
Financial Balance	−182 000	−127 000	−247 000	−97 000
Dividends	0	0	0	0
Net Income	1 607 000	−2 457 000	−2 702 000	−6 826 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	464 000	926 000	235 000	3 114 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	39 000	0	0	0
Total Tangible Assets	39 000	0	0	0
Total Fiancial Fixed Assets	62 000	35 000	122 000	115 000
Total Fixed Assets	565 000	961 000	357 000	3 229 000
Stock	2 603 000	1 286 000	1 127 000	1 001 000
Total Investments	86 000	89 000	0	0
Cash, Bank	1 432 000	1 263 000	1 438 000	1 594 000
Total Current Assets	33 388 000	26 293 000	32 565 000	32 988 000
Total Assets	33 954 000	27 254 000	32 922 000	36 218 000
Total Equity	7 960 000	6 353 000	8 810 000	6 638 000
Short-Term Group Debt	6 820 000	2 726 000	4 936 000	0
Total Long-Term Debt	900 000	0	0	0
Creditors	7 355 000	3 632 000	7 477 000	9 706 000
Unpaid Taxes	3 484 000	4 917 000	3 854 000	4 926 000
Dividends	0	0	0	0
Other Current Debt	7 435 000	9 626 000	7 845 000	7 694 000
Total Current Debt	25 094 000	20 901 000	24 112 000	29 580 000
Total Equity and Debt	33 954 000	27 254 000	32 922 000	36 218 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,19 %	−38,67 %	−30,67 %	−102,83 %
Debt-to-Equity Ratio	0,11	0	0	0
Operating Profit Margin	3 %	−5,34 %	−4,72 %	−8,98 %
Current Ratio	1,33	1,26	1,35	1,12
Quick Ratio	1,48	1,34	1,42	1,15
Equity Ratio	0,23	0,23	0,27	0,18
Gross Profit Margin	62,99 %	69,99 %	62,44 %	50,55 %