ARTECO AS

6012 ÅLESUND

Finances

Return on Equity

3,87 %

Current Ratio

25,82

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	12 000
Net Income	518 000	1 018 000	2 217 000	330 000
Total Assets	13 540 000	12 945 000	12 098 000	12 765 000
Total Equity	13 386 000	12 868 000	11 850 000	12 735 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	12 000
Expenditure	38 000	63 000	228 000	248 000
Operating Profit	−38 000	−62 000	−227 000	−236 000
Financial Income	700 000	1 160 000	2 549 000	694 000
Financial Costs	0	0	94 000	28 000
Financial Balance	700 000	1 160 000	2 455 000	666 000
Earnings Before Tax	662 000	1 097 000	2 228 000	429 000
Tax	144 000	79 000	11 000	99 000
Net Income	518 000	1 018 000	2 217 000	330 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 564 000	9 768 000	9 572 000	11 282 000
Total Current Assets	3 976 000	3 177 000	2 526 000	1 483 000
Total Assets	13 540 000	12 945 000	12 098 000	12 765 000
Total Retained Equity	12 857 000	12 339 000	11 321 000	12 206 000
Total Equity	13 386 000	12 868 000	11 850 000	12 735 000
Total Long-Term Debt	0	2 000	2 000	0
Total Current Debt	154 000	75 000	246 000	30 000
Total Equity and Debt	13 540 000	12 945 000	12 098 000	12 765 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	12 000
Other Income	0	0	0	0
Revenue	0	0	0	12 000
Cost of Goods Sold	0	0	0	0
Salary Costs	7 000	8 000	177 000	175 000
Depreciation	0	8 000	7 000	5 000
Impairment	0	0	0	0
Expenditure	38 000	63 000	228 000	248 000
Operating Profit	−38 000	−62 000	−227 000	−236 000
Financial Income	700 000	1 160 000	2 549 000	694 000
Financial Costs	0	0	94 000	28 000
Financial Balance	700 000	1 160 000	2 455 000	666 000
Dividends	0	0	0	0
Net Income	518 000	1 018 000	2 217 000	330 000

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	0	0	8 000	14 000
Total Tangible Assets	0	0	8 000	14 000
Total Fiancial Fixed Assets	9 564 000	9 768 000	9 565 000	11 268 000
Total Fixed Assets	9 564 000	9 768 000	9 572 000	11 282 000
Stock	0	0	0	0
Total Investments	49 000	383 000	24 000	884 000
Cash, Bank	327 000	1 535 000	1 540 000	127 000
Total Current Assets	3 976 000	3 177 000	2 526 000	1 483 000
Total Assets	13 540 000	12 945 000	12 098 000	12 765 000
Total Equity	13 386 000	12 868 000	11 850 000	12 735 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	2 000	2 000	0
Creditors	0	0	0	0
Unpaid Taxes	0	−9 000	18 000	11 000
Dividends	0	0	0	0
Other Current Debt	8 000	5 000	219 000	19 000
Total Current Debt	154 000	75 000	246 000	30 000
Total Equity and Debt	13 540 000	12 945 000	12 098 000	12 765 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,87 %	7,91 %	18,71 %	2,59 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	-	−1 966,67 %
Current Ratio	25,82	42,36	10,27	49,43
Quick Ratio	25,82	42,36	10,27	49,43
Equity Ratio	0,99	0,99	0,98	1
Gross Profit Margin	-	-	-	100 %