ART GROUP AS

3716 SKIEN

Finances

Return on Equity

−17,86 %

Current Ratio

0,59

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	489 000	214 000	228 000	274 000
Net Income	−3 636 000	4 986 000	1 973 000	−537 000
Total Assets	59 620 000	70 235 000	56 439 000	47 629 000
Total Equity	20 363 000	23 999 000	19 013 000	17 040 000

Income (NOK)	2022	2021	2020	2019
Revenue	489 000	214 000	228 000	274 000
Expenditure	688 000	538 000	685 000	560 000
Operating Profit	−199 000	−324 000	−457 000	−287 000
Financial Income	2 048 000	8 856 000	3 406 000	1 317 000
Financial Costs	5 805 000	3 619 000	1 229 000	1 600 000
Financial Balance	−3 757 000	5 237 000	2 177 000	−283 000
Earnings Before Tax	−3 956 000	4 913 000	1 719 000	−570 000
Tax	−320 000	−73 000	−255 000	−33 000
Net Income	−3 636 000	4 986 000	1 973 000	−537 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	38 568 000	41 072 000	37 445 000	28 883 000
Total Current Assets	21 052 000	29 163 000	18 994 000	18 746 000
Total Assets	59 620 000	70 235 000	56 439 000	47 629 000
Total Retained Equity	20 261 000	23 897 000	18 911 000	16 938 000
Total Equity	20 363 000	23 999 000	19 013 000	17 040 000
Total Long-Term Debt	3 695 000	3 695 000	35 958 000	29 236 000
Total Current Debt	35 562 000	42 541 000	1 467 000	1 353 000
Total Equity and Debt	59 620 000	70 235 000	56 439 000	47 629 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	489 000	214 000	228 000	274 000
Revenue	489 000	214 000	228 000	274 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	24 000	24 000
Impairment	0	0	0	0
Expenditure	688 000	538 000	685 000	560 000
Operating Profit	−199 000	−324 000	−457 000	−287 000
Financial Income	2 048 000	8 856 000	3 406 000	1 317 000
Financial Costs	5 805 000	3 619 000	1 229 000	1 600 000
Financial Balance	−3 757 000	5 237 000	2 177 000	−283 000
Dividends	0	0	0	0
Net Income	−3 636 000	4 986 000	1 973 000	−537 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 025 000	1 705 000	1 632 000	1 377 000
Real Eastate	3 639 000	3 639 000	3 639 000	3 639 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 629 000	2 479 000	2 120 000	2 144 000
Total Tangible Assets	5 268 000	6 118 000	5 759 000	5 783 000
Total Fiancial Fixed Assets	31 275 000	33 249 000	30 054 000	21 723 000
Total Fixed Assets	38 568 000	41 072 000	37 445 000	28 883 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 028 000	1 526 000	2 518 000	3 683 000
Total Current Assets	21 052 000	29 163 000	18 994 000	18 746 000
Total Assets	59 620 000	70 235 000	56 439 000	47 629 000
Total Equity	20 363 000	23 999 000	19 013 000	17 040 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 695 000	3 695 000	35 958 000	29 236 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 175 000	8 695 000	1 467 000	1 353 000
Total Current Debt	35 562 000	42 541 000	1 467 000	1 353 000
Total Equity and Debt	59 620 000	70 235 000	56 439 000	47 629 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−17,86 %	20,78 %	10,38 %	−3,15 %
Debt-to-Equity Ratio	0,18	0,15	1,89	1,72
Operating Profit Margin	−40,7 %	−151,4 %	−200,44 %	−104,74 %
Current Ratio	0,59	0,69	12,95	13,86
Quick Ratio	0,59	0,69	12,95	13,86
Equity Ratio	0,34	0,34	0,34	0,36
Gross Profit Margin	100 %	100 %	100 %	100 %