ART ULSTEINVIK AS

6065 ULSTEINVIK

Finances

Share Ownership

Return on Equity

−7,94 %

Current Ratio

1,65

Debt-to-Equity Ratio

0,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 444 000	3 072 000	2 784 000	2 252 000
Net Income	−35 000	132 000	129 000	−152 000
Total Assets	1 442 000	1 618 000	1 383 000	1 174 000
Total Equity	441 000	477 000	345 000	216 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 444 000	3 072 000	2 784 000	2 252 000
Expenditure	2 457 000	2 881 000	2 579 000	2 410 000
Operating Profit	−12 000	190 000	204 000	−158 000
Financial Income	0	0	2 000	0
Financial Costs	34 000	21 000	41 000	37 000
Financial Balance	−34 000	−21 000	−39 000	−37 000
Earnings Before Tax	−45 000	169 000	166 000	−195 000
Tax	−10 000	37 000	36 000	−43 000
Net Income	−35 000	132 000	129 000	−152 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	12 000	44 000	115 000
Total Current Assets	1 442 000	1 606 000	1 339 000	1 059 000
Total Assets	1 442 000	1 618 000	1 383 000	1 174 000
Total Retained Equity	141 000	177 000	45 000	−84 000
Total Equity	441 000	477 000	345 000	216 000
Total Long-Term Debt	128 000	211 000	40 000	79 000
Total Current Debt	874 000	930 000	998 000	879 000
Total Equity and Debt	1 442 000	1 618 000	1 383 000	1 174 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 444 000	3 062 000	2 784 000	2 211 000
Other Income	0	10 000	0	41 000
Revenue	2 444 000	3 072 000	2 784 000	2 252 000
Cost of Goods Sold	1 272 000	1 523 000	1 488 000	1 385 000
Salary Costs	678 000	665 000	551 000	672 000
Depreciation	12 000	14 000	34 000	39 000
Impairment	0	0	0	0
Expenditure	2 457 000	2 881 000	2 579 000	2 410 000
Operating Profit	−12 000	190 000	204 000	−158 000
Financial Income	0	0	2 000	0
Financial Costs	34 000	21 000	41 000	37 000
Financial Balance	−34 000	−21 000	−39 000	−37 000
Dividends	0	0	0	0
Net Income	−35 000	132 000	129 000	−152 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	14 000	50 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	12 000	8 000	36 000
Fixtures	0	0	18 000	25 000
Total Tangible Assets	0	12 000	26 000	61 000
Total Fiancial Fixed Assets	0	0	4 000	4 000
Total Fixed Assets	0	12 000	44 000	115 000
Stock	1 211 000	1 321 000	986 000	859 000
Total Investments	0	0	0	0
Cash, Bank	69 000	199 000	255 000	74 000
Total Current Assets	1 442 000	1 606 000	1 339 000	1 059 000
Total Assets	1 442 000	1 618 000	1 383 000	1 174 000
Total Equity	441 000	477 000	345 000	216 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	128 000	211 000	40 000	79 000
Creditors	342 000	452 000	597 000	504 000
Unpaid Taxes	115 000	243 000	210 000	103 000
Dividends	0	0	0	0
Other Current Debt	301 000	234 000	191 000	272 000
Total Current Debt	874 000	930 000	998 000	879 000
Total Equity and Debt	1 442 000	1 618 000	1 383 000	1 174 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−7,94 %	27,67 %	37,39 %	−70,37 %
Debt-to-Equity Ratio	0,29	0,44	0,12	0,37
Operating Profit Margin	−0,49 %	6,18 %	7,33 %	−7,02 %
Current Ratio	1,65	1,73	1,34	1,2
Quick Ratio	−4,28	−4,11	111,58	52,95
Equity Ratio	0,31	0,29	0,25	0,18
Gross Profit Margin	47,95 %	50,42 %	46,55 %	38,5 %