ARTEC AQUA AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

54,04 %

Current Ratio

1,05

Debt-to-Equity Ratio

0,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 147 232 000	1 042 638 000	636 491 000	378 376 000
Net Income	36 590 000	41 819 000	46 902 000	17 511 000
Total Assets	426 989 000	445 513 000	200 828 000	167 184 000
Total Equity	67 705 000	70 458 000	70 947 000	49 045 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 147 232 000	1 042 638 000	636 491 000	378 376 000
Expenditure	1 106 199 000	989 078 000	576 436 000	355 666 000
Operating Profit	41 034 000	53 561 000	60 056 000	22 711 000
Financial Income	6 954 000	503 000	483 000	261 000
Financial Costs	1 031 000	380 000	328 000	482 000
Financial Balance	5 923 000	123 000	155 000	−221 000
Earnings Before Tax	46 957 000	53 683 000	60 211 000	22 490 000
Tax	10 367 000	11 864 000	13 309 000	4 979 000
Net Income	36 590 000	41 819 000	46 902 000	17 511 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	88 165 000	28 259 000	22 282 000	537 000
Total Current Assets	338 823 000	417 255 000	178 546 000	166 647 000
Total Assets	426 989 000	445 513 000	200 828 000	167 184 000
Total Retained Equity	34 455 000	37 208 000	67 697 000	45 795 000
Total Equity	67 705 000	70 458 000	70 947 000	49 045 000
Total Long-Term Debt	37 680 000	27 758 000	25 006 000	11 697 000
Total Current Debt	321 603 000	347 297 000	104 874 000	106 442 000
Total Equity and Debt	426 989 000	445 513 000	200 828 000	167 184 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 147 232 000	1 042 638 000	636 481 000	378 376 000
Other Income	0	0	11 000	0
Revenue	1 147 232 000	1 042 638 000	636 491 000	378 376 000
Cost of Goods Sold	1 028 750 000	916 984 000	519 203 000	302 735 000
Salary Costs	60 716 000	52 689 000	41 959 000	37 230 000
Depreciation	706 000	534 000	331 000	349 000
Impairment	0	0	0	106 000
Expenditure	1 106 199 000	989 078 000	576 436 000	355 666 000
Operating Profit	41 034 000	53 561 000	60 056 000	22 711 000
Financial Income	6 954 000	503 000	483 000	261 000
Financial Costs	1 031 000	380 000	328 000	482 000
Financial Balance	5 923 000	123 000	155 000	−221 000
Dividends	0	0	0	0
Net Income	36 590 000	41 819 000	46 902 000	17 511 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 329 000	5 734 000	699 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 247 000	1 638 000	1 194 000	537 000
Total Tangible Assets	1 247 000	1 638 000	1 194 000	537 000
Total Fiancial Fixed Assets	78 590 000	20 886 000	20 389 000	0
Total Fixed Assets	88 165 000	28 259 000	22 282 000	537 000
Stock	6 874 000	16 421 000	1 270 000	1 989 000
Total Investments	0	0	0	0
Cash, Bank	98 743 000	104 739 000	39 289 000	67 873 000
Total Current Assets	338 823 000	417 255 000	178 546 000	166 647 000
Total Assets	426 989 000	445 513 000	200 828 000	167 184 000
Total Equity	67 705 000	70 458 000	70 947 000	49 045 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	37 680 000	27 758 000	25 006 000	11 697 000
Creditors	172 830 000	240 966 000	81 002 000	82 357 000
Unpaid Taxes	5 223 000	10 390 000	5 226 000	7 146 000
Dividends	0	0	0	0
Other Current Debt	143 550 000	95 941 000	18 646 000	16 939 000
Total Current Debt	321 603 000	347 297 000	104 874 000	106 442 000
Total Equity and Debt	426 989 000	445 513 000	200 828 000	167 184 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,04 %	59,35 %	66,11 %	35,7 %
Debt-to-Equity Ratio	0,56	0,39	0,35	0,24
Operating Profit Margin	3,58 %	5,14 %	9,44 %	6 %
Current Ratio	1,05	1,2	1,7	1,57
Quick Ratio	1,08	1,26	1,72	1,6
Equity Ratio	0,16	0,16	0,35	0,29
Gross Profit Margin	10,33 %	12,05 %	18,43 %	19,99 %