ÅRSETH ELEKTRO AS

5179 GODVIK

Finances

Share Ownership

Return on Equity

6,88 %

Current Ratio

2,22

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 403 000	16 604 000	9 518 000	13 833 000
Net Income	266 000	1 795 000	60 000	1 059 000
Total Assets	6 974 000	7 920 000	5 948 000	7 159 000
Total Equity	3 864 000	3 599 000	3 804 000	3 744 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 403 000	16 604 000	9 518 000	13 833 000
Expenditure	15 093 000	14 287 000	9 441 000	12 476 000
Operating Profit	310 000	2 318 000	78 000	1 358 000
Financial Income	1 000	4 000	17 000	24 000
Financial Costs	6 000	4 000	2 000	7 000
Financial Balance	−5 000	0	15 000	17 000
Earnings Before Tax	304 000	2 317 000	92 000	1 374 000
Tax	38 000	523 000	32 000	315 000
Net Income	266 000	1 795 000	60 000	1 059 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	65 000	91 000	165 000	84 000
Total Current Assets	6 909 000	7 829 000	5 782 000	7 075 000
Total Assets	6 974 000	7 920 000	5 948 000	7 159 000
Total Retained Equity	3 764 000	3 499 000	3 704 000	3 644 000
Total Equity	3 864 000	3 599 000	3 804 000	3 744 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 110 000	4 322 000	2 143 000	3 414 000
Total Equity and Debt	6 974 000	7 920 000	5 948 000	7 159 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 373 000	16 604 000	9 518 000	13 833 000
Other Income	30 000	0	0	0
Revenue	15 403 000	16 604 000	9 518 000	13 833 000
Cost of Goods Sold	6 840 000	6 586 000	3 322 000	5 331 000
Salary Costs	6 796 000	6 473 000	4 886 000	5 951 000
Depreciation	26 000	74 000	59 000	110 000
Impairment	0	0	0	0
Expenditure	15 093 000	14 287 000	9 441 000	12 476 000
Operating Profit	310 000	2 318 000	78 000	1 358 000
Financial Income	1 000	4 000	17 000	24 000
Financial Costs	6 000	4 000	2 000	7 000
Financial Balance	−5 000	0	15 000	17 000
Dividends	0	1 000 000	0	1 000 000
Net Income	266 000	1 795 000	60 000	1 059 000

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	65 000	91 000	165 000	84 000
Total Tangible Assets	65 000	91 000	165 000	84 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	65 000	91 000	165 000	84 000
Stock	145 000	147 000	176 000	190 000
Total Investments	0	0	0	0
Cash, Bank	2 208 000	3 657 000	2 899 000	4 188 000
Total Current Assets	6 909 000	7 829 000	5 782 000	7 075 000
Total Assets	6 974 000	7 920 000	5 948 000	7 159 000
Total Equity	3 864 000	3 599 000	3 804 000	3 744 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 124 000	815 000	644 000	436 000
Unpaid Taxes	1 125 000	1 182 000	818 000	912 000
Dividends	0	1 000 000	0	1 000 000
Other Current Debt	823 000	1 801 000	649 000	1 751 000
Total Current Debt	3 110 000	4 322 000	2 143 000	3 414 000
Total Equity and Debt	6 974 000	7 920 000	5 948 000	7 159 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,88 %	49,87 %	1,58 %	28,29 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,01 %	13,96 %	0,82 %	9,82 %
Current Ratio	2,22	1,81	2,7	2,07
Quick Ratio	2,33	1,88	2,94	2,19
Equity Ratio	0,55	0,45	0,64	0,52
Gross Profit Margin	55,59 %	60,33 %	65,1 %	61,46 %