ARECO PROFILES AS

0581 OSLO

Finances

Share Ownership

Return on Equity

100,43 %

Current Ratio

0,86

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	70 603 000	58 388 000	70 737 000	73 491 000
Net Income	−3 976 000	−3 606 000	−11 857 000	1 426 000
Total Assets	24 543 000	24 303 000	29 500 000	18 559 000
Total Equity	−3 959 000	17 000	−8 377 000	3 481 000

Income (NOK)	2022	2021	2020	2019
Revenue	70 603 000	58 388 000	70 737 000	73 491 000
Expenditure	74 230 000	64 695 000	79 290 000	71 098 000
Operating Profit	−3 627 000	−6 307 000	−8 554 000	2 393 000
Financial Income	372 000	4 904 000	1 412 000	31 000
Financial Costs	721 000	2 841 000	4 617 000	573 000
Financial Balance	−349 000	2 063 000	−3 205 000	−542 000
Earnings Before Tax	−3 976 000	−4 244 000	−11 759 000	1 851 000
Tax	0	−638 000	98 000	426 000
Net Income	−3 976 000	−3 606 000	−11 857 000	1 426 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	98 000
Total Current Assets	24 543 000	24 303 000	29 500 000	18 461 000
Total Assets	24 543 000	24 303 000	29 500 000	18 559 000
Total Retained Equity	−16 254 000	−12 278 000	−8 671 000	3 186 000
Total Equity	−3 959 000	17 000	−8 377 000	3 481 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	28 503 000	24 286 000	37 877 000	15 078 000
Total Equity and Debt	24 543 000	24 303 000	29 500 000	18 559 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	70 603 000	58 388 000	70 737 000	73 491 000
Other Income	0	0	0	0
Revenue	70 603 000	58 388 000	70 737 000	73 491 000
Cost of Goods Sold	65 757 000	58 754 000	73 800 000	67 233 000
Salary Costs	922 000	1 527 000	3 384 000	2 424 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	74 230 000	64 695 000	79 290 000	71 098 000
Operating Profit	−3 627 000	−6 307 000	−8 554 000	2 393 000
Financial Income	372 000	4 904 000	1 412 000	31 000
Financial Costs	721 000	2 841 000	4 617 000	573 000
Financial Balance	−349 000	2 063 000	−3 205 000	−542 000
Dividends	0	0	0	0
Net Income	−3 976 000	−3 606 000	−11 857 000	1 426 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	98 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	98 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 333 000	5 455 000	11 690 000	3 964 000
Total Current Assets	24 543 000	24 303 000	29 500 000	18 461 000
Total Assets	24 543 000	24 303 000	29 500 000	18 559 000
Total Equity	−3 959 000	17 000	−8 377 000	3 481 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	10 859 000	11 425 000	10 321 000	10 441 000
Unpaid Taxes	2 477 000	2 453 000	2 634 000	3 410 000
Dividends	0	0	0	0
Other Current Debt	2 408 000	2 248 000	5 866 000	914 000
Total Current Debt	28 503 000	24 286 000	37 877 000	15 078 000
Total Equity and Debt	24 543 000	24 303 000	29 500 000	18 559 000

Financial indicators	2022	2021	2020	2019
Return on Equity	100,43 %	−21 211,76 %	141,54 %	40,97 %
Debt-to-Equity Ratio	−0	0	−0	0
Operating Profit Margin	−5,14 %	−10,8 %	−12,09 %	3,26 %
Current Ratio	0,86	1	0,78	1,22
Quick Ratio	0,86	1	0,78	1,22
Equity Ratio	−0,16	0	−0,28	0,19
Gross Profit Margin	6,86 %	−0,63 %	−4,33 %	8,52 %