ARTIC QUILTER AS

9300 FINNSNES

Finances

Share Ownership

Return on Equity

2,88 %

Current Ratio

16,62

Debt-to-Equity Ratio

−4,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 242 000	1 685 000	2 358 000	2 638 000
Net Income	−9 000	−322 000	−128 000	47 000
Total Assets	1 201 000	1 140 000	947 000	1 048 000
Total Equity	−312 000	−303 000	19 000	148 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 242 000	1 685 000	2 358 000	2 638 000
Expenditure	2 251 000	2 004 000	2 482 000	2 585 000
Operating Profit	−7 000	−320 000	−124 000	53 000
Financial Income	0	0	0	0
Financial Costs	2 000	2 000	5 000	6 000
Financial Balance	−2 000	−2 000	−5 000	−6 000
Earnings Before Tax	−9 000	−322 000	−128 000	47 000
Tax	0	0	0	0
Net Income	−9 000	−322 000	−128 000	47 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	54 000	61 000	0	0
Total Current Assets	1 147 000	1 079 000	947 000	1 048 000
Total Assets	1 201 000	1 140 000	947 000	1 048 000
Total Retained Equity	−412 000	−403 000	−81 000	48 000
Total Equity	−312 000	−303 000	19 000	148 000
Total Long-Term Debt	1 444 000	1 077 000	711 000	855 000
Total Current Debt	69 000	365 000	217 000	46 000
Total Equity and Debt	1 201 000	1 140 000	947 000	1 048 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 221 000	1 685 000	2 358 000	2 638 000
Other Income	22 000	0	0	0
Revenue	2 242 000	1 685 000	2 358 000	2 638 000
Cost of Goods Sold	1 506 000	1 130 000	1 560 000	1 643 000
Salary Costs	403 000	426 000	418 000	422 000
Depreciation	7 000	4 000	0	0
Impairment	0	0	0	0
Expenditure	2 251 000	2 004 000	2 482 000	2 585 000
Operating Profit	−7 000	−320 000	−124 000	53 000
Financial Income	0	0	0	0
Financial Costs	2 000	2 000	5 000	6 000
Financial Balance	−2 000	−2 000	−5 000	−6 000
Dividends	0	0	0	0
Net Income	−9 000	−322 000	−128 000	47 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	54 000	61 000	0	0
Total Tangible Assets	54 000	61 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	54 000	61 000	0	0
Stock	1 022 000	755 000	632 000	868 000
Total Investments	0	0	0	0
Cash, Bank	81 000	165 000	204 000	159 000
Total Current Assets	1 147 000	1 079 000	947 000	1 048 000
Total Assets	1 201 000	1 140 000	947 000	1 048 000
Total Equity	−312 000	−303 000	19 000	148 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 444 000	1 077 000	711 000	855 000
Creditors	56 000	0	1 000	−72 000
Unpaid Taxes	−4 000	43 000	74 000	29 000
Dividends	0	0	0	0
Other Current Debt	17 000	322 000	142 000	63 000
Total Current Debt	69 000	365 000	217 000	46 000
Total Equity and Debt	1 201 000	1 140 000	947 000	1 048 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,88 %	106,27 %	−673,68 %	31,76 %
Debt-to-Equity Ratio	−4,63	−3,55	37,42	5,78
Operating Profit Margin	−0,31 %	−18,99 %	−5,26 %	2,01 %
Current Ratio	16,62	2,96	4,36	22,78
Quick Ratio	−1,2	−2,77	−2,28	−1,27
Equity Ratio	−0,26	−0,27	0,02	0,14
Gross Profit Margin	32,83 %	32,94 %	33,84 %	37,72 %