FINEART AS

0252 OSLO

Finances

Return on Equity

246,48 %

Current Ratio

0,97

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	65 261 000	64 481 000	44 517 000	48 468 000
Net Income	10 633 000	11 407 000	6 182 000	3 788 000
Total Assets	46 011 000	41 437 000	34 679 000	27 546 000
Total Equity	4 314 000	4 281 000	2 874 000	4 692 000

Income (NOK)	2022	2021	2020	2019
Revenue	65 261 000	64 481 000	44 517 000	48 468 000
Expenditure	51 341 000	49 675 000	36 537 000	43 212 000
Operating Profit	13 920 000	14 807 000	7 978 000	5 255 000
Financial Income	248 000	338 000	332 000	122 000
Financial Costs	154 000	137 000	266 000	450 000
Financial Balance	94 000	201 000	66 000	−328 000
Earnings Before Tax	14 015 000	15 008 000	8 044 000	4 927 000
Tax	3 381 000	3 601 000	1 862 000	1 139 000
Net Income	10 633 000	11 407 000	6 182 000	3 788 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 714 000	5 251 000	5 716 000	4 850 000
Total Current Assets	40 297 000	36 185 000	28 963 000	22 697 000
Total Assets	46 011 000	41 437 000	34 679 000	27 546 000
Total Retained Equity	3 410 000	3 377 000	1 970 000	3 788 000
Total Equity	4 314 000	4 281 000	2 874 000	4 692 000
Total Long-Term Debt	250 000	317 000	0	0
Total Current Debt	41 447 000	36 839 000	31 805 000	22 854 000
Total Equity and Debt	46 011 000	41 437 000	34 679 000	27 546 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	65 249 000	64 481 000	44 188 000	48 424 000
Other Income	12 000	0	329 000	43 000
Revenue	65 261 000	64 481 000	44 517 000	48 468 000
Cost of Goods Sold	15 632 000	15 532 000	11 731 000	12 597 000
Salary Costs	16 169 000	15 562 000	11 761 000	14 449 000
Depreciation	1 160 000	1 142 000	891 000	684 000
Impairment	0	0	0	0
Expenditure	51 341 000	49 675 000	36 537 000	43 212 000
Operating Profit	13 920 000	14 807 000	7 978 000	5 255 000
Financial Income	248 000	338 000	332 000	122 000
Financial Costs	154 000	137 000	266 000	450 000
Financial Balance	94 000	201 000	66 000	−328 000
Dividends	10 600 000	10 000 000	0	0
Net Income	10 633 000	11 407 000	6 182 000	3 788 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	527 000	105 000	100 000	464 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	5 177 000	5 137 000	5 606 000	4 376 000
Total Tangible Assets	5 177 000	5 137 000	5 606 000	4 376 000
Total Fiancial Fixed Assets	10 000	10 000	10 000	10 000
Total Fixed Assets	5 714 000	5 251 000	5 716 000	4 850 000
Stock	8 516 000	6 815 000	6 117 000	6 672 000
Total Investments	0	0	0	0
Cash, Bank	16 256 000	26 903 000	17 195 000	4 239 000
Total Current Assets	40 297 000	36 185 000	28 963 000	22 697 000
Total Assets	46 011 000	41 437 000	34 679 000	27 546 000
Total Equity	4 314 000	4 281 000	2 874 000	4 692 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	250 000	317 000	0	0
Creditors	6 222 000	5 543 000	9 417 000	8 053 000
Unpaid Taxes	1 140 000	1 578 000	1 178 000	1 305 000
Dividends	10 600 000	10 000 000	0	0
Other Current Debt	19 969 000	16 112 000	13 410 000	12 401 000
Total Current Debt	41 447 000	36 839 000	31 805 000	22 854 000
Total Equity and Debt	46 011 000	41 437 000	34 679 000	27 546 000

Financial indicators	2022	2021	2020	2019
Return on Equity	246,48 %	266,46 %	215,1 %	80,73 %
Debt-to-Equity Ratio	0,06	0,07	0	0
Operating Profit Margin	21,33 %	22,96 %	17,92 %	10,84 %
Current Ratio	0,97	0,98	0,91	0,99
Quick Ratio	1,22	1,21	1,13	1,4
Equity Ratio	0,09	0,1	0,08	0,17
Gross Profit Margin	76,05 %	75,91 %	73,65 %	74,01 %