ARMEC AS

2280 GJESÅSEN

Finances

Share Ownership

Return on Equity

25,16 %

Current Ratio

2,75

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	55 357 000	34 387 000	34 761 000	31 974 000
Net Income	4 415 000	1 623 000	3 844 000	1 980 000
Total Assets	25 903 000	20 959 000	19 429 000	15 559 000
Total Equity	17 546 000	13 131 000	11 995 000	9 209 000

Income (NOK)	2022	2021	2020	2019
Revenue	55 357 000	34 387 000	34 761 000	31 974 000
Expenditure	49 760 000	32 339 000	29 856 000	29 483 000
Operating Profit	5 597 000	2 047 000	4 904 000	2 491 000
Financial Income	64 000	34 000	42 000	72 000
Financial Costs	1 000	0	18 000	25 000
Financial Balance	63 000	34 000	24 000	47 000
Earnings Before Tax	5 660 000	2 080 000	4 928 000	2 538 000
Tax	1 245 000	458 000	1 084 000	558 000
Net Income	4 415 000	1 623 000	3 844 000	1 980 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 956 000	2 263 000	2 166 000	2 655 000
Total Current Assets	22 947 000	18 697 000	17 263 000	12 904 000
Total Assets	25 903 000	20 959 000	19 429 000	15 559 000
Total Retained Equity	17 046 000	12 631 000	11 495 000	8 709 000
Total Equity	17 546 000	13 131 000	11 995 000	9 209 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	8 357 000	7 829 000	7 433 000	6 350 000
Total Equity and Debt	25 903 000	20 959 000	19 429 000	15 559 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	55 357 000	34 387 000	34 697 000	31 974 000
Other Income	0	0	64 000	0
Revenue	55 357 000	34 387 000	34 761 000	31 974 000
Cost of Goods Sold	34 251 000	20 105 000	15 783 000	16 722 000
Salary Costs	10 108 000	7 778 000	8 960 000	8 112 000
Depreciation	307 000	242 000	255 000	296 000
Impairment	0	0	0	0
Expenditure	49 760 000	32 339 000	29 856 000	29 483 000
Operating Profit	5 597 000	2 047 000	4 904 000	2 491 000
Financial Income	64 000	34 000	42 000	72 000
Financial Costs	1 000	0	18 000	25 000
Financial Balance	63 000	34 000	24 000	47 000
Dividends	0	487 000	1 057 000	792 000
Net Income	4 415 000	1 623 000	3 844 000	1 980 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	424 000	434 000	435 000	442 000
Real Eastate	1 757 000	1 325 000	1 444 000	2 039 000
Machinery and Plant Facilities	604 000	346 000	157 000	103 000
Fixtures	171 000	158 000	130 000	71 000
Total Tangible Assets	2 532 000	1 829 000	1 731 000	2 212 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 956 000	2 263 000	2 166 000	2 655 000
Stock	236 000	223 000	189 000	199 000
Total Investments	0	0	0	0
Cash, Bank	8 752 000	8 578 000	10 070 000	4 138 000
Total Current Assets	22 947 000	18 697 000	17 263 000	12 904 000
Total Assets	25 903 000	20 959 000	19 429 000	15 559 000
Total Equity	17 546 000	13 131 000	11 995 000	9 209 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 151 000	4 343 000	1 724 000	2 270 000
Unpaid Taxes	1 641 000	426 000	567 000	436 000
Dividends	0	487 000	1 057 000	792 000
Other Current Debt	3 330 000	2 115 000	3 009 000	2 274 000
Total Current Debt	8 357 000	7 829 000	7 433 000	6 350 000
Total Equity and Debt	25 903 000	20 959 000	19 429 000	15 559 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,16 %	12,36 %	32,05 %	21,5 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,11 %	5,95 %	14,11 %	7,79 %
Current Ratio	2,75	2,39	2,32	2,03
Quick Ratio	2,83	2,46	2,38	2,1
Equity Ratio	0,68	0,63	0,62	0,59
Gross Profit Margin	38,13 %	41,53 %	54,6 %	47,7 %