ART NOR AS

9303 SILSAND

Finances

Return on Equity

20,75 %

Current Ratio

1,59

Debt-to-Equity Ratio

0,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	54 846 000	50 066 000	42 185 000	38 921 000
Net Income	3 102 000	2 015 000	2 697 000	1 050 000
Total Assets	35 078 000	33 926 000	30 291 000	25 258 000
Total Equity	14 948 000	11 845 000	9 831 000	7 134 000

Income (NOK)	2022	2021	2020	2019
Revenue	54 846 000	50 066 000	42 185 000	38 921 000
Expenditure	50 148 000	46 913 000	38 311 000	36 984 000
Operating Profit	4 697 000	3 153 000	3 873 000	1 937 000
Financial Income	2 000	0	0	0
Financial Costs	719 000	570 000	415 000	591 000
Financial Balance	−717 000	−570 000	−415 000	−591 000
Earnings Before Tax	3 981 000	2 583 000	3 459 000	1 347 000
Tax	878 000	569 000	762 000	297 000
Net Income	3 102 000	2 015 000	2 697 000	1 050 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 578 000	20 271 000	19 040 000	15 030 000
Total Current Assets	15 500 000	13 656 000	11 251 000	10 228 000
Total Assets	35 078 000	33 926 000	30 291 000	25 258 000
Total Retained Equity	11 908 000	8 805 000	6 791 000	4 094 000
Total Equity	14 948 000	11 845 000	9 831 000	7 134 000
Total Long-Term Debt	10 375 000	11 608 000	11 928 000	4 675 000
Total Current Debt	9 755 000	10 473 000	8 532 000	13 450 000
Total Equity and Debt	35 078 000	33 926 000	30 291 000	25 258 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	54 846 000	50 066 000	42 185 000	38 921 000
Other Income	0	0	0	0
Revenue	54 846 000	50 066 000	42 185 000	38 921 000
Cost of Goods Sold	22 570 000	19 825 000	16 079 000	14 469 000
Salary Costs	16 660 000	16 238 000	12 771 000	11 945 000
Depreciation	2 606 000	2 215 000	2 049 000	2 320 000
Impairment	0	0	0	0
Expenditure	50 148 000	46 913 000	38 311 000	36 984 000
Operating Profit	4 697 000	3 153 000	3 873 000	1 937 000
Financial Income	2 000	0	0	0
Financial Costs	719 000	570 000	415 000	591 000
Financial Balance	−717 000	−570 000	−415 000	−591 000
Dividends	0	0	0	0
Net Income	3 102 000	2 015 000	2 697 000	1 050 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	211 000	779 000	1 541 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	12 327 000	13 989 000	12 280 000	11 651 000
Fixtures	1 951 000	743 000	614 000	473 000
Total Tangible Assets	14 279 000	14 732 000	12 894 000	12 124 000
Total Fiancial Fixed Assets	5 299 000	5 328 000	5 368 000	1 366 000
Total Fixed Assets	19 578 000	20 271 000	19 040 000	15 030 000
Stock	4 353 000	3 684 000	2 996 000	2 717 000
Total Investments	0	0	0	0
Cash, Bank	1 227 000	763 000	639 000	597 000
Total Current Assets	15 500 000	13 656 000	11 251 000	10 228 000
Total Assets	35 078 000	33 926 000	30 291 000	25 258 000
Total Equity	14 948 000	11 845 000	9 831 000	7 134 000
Short-Term Group Debt	412 000	412 000	412 000	0
Total Long-Term Debt	10 375 000	11 608 000	11 928 000	4 675 000
Creditors	5 479 000	5 212 000	3 816 000	3 965 000
Unpaid Taxes	1 678 000	1 333 000	1 097 000	1 231 000
Dividends	0	0	0	0
Other Current Debt	2 186 000	2 690 000	2 576 000	2 318 000
Total Current Debt	9 755 000	10 473 000	8 532 000	13 450 000
Total Equity and Debt	35 078 000	33 926 000	30 291 000	25 258 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,75 %	17,01 %	27,43 %	14,72 %
Debt-to-Equity Ratio	0,69	0,98	1,21	0,66
Operating Profit Margin	8,56 %	6,3 %	9,18 %	4,98 %
Current Ratio	1,59	1,3	1,32	0,76
Quick Ratio	2,87	2,01	2,03	0,95
Equity Ratio	0,43	0,35	0,32	0,28
Gross Profit Margin	58,85 %	60,4 %	61,88 %	62,82 %