ARTESPANA AS

1640 RÅDE

Finances

Share Ownership

Return on Equity

−0,4 %

Current Ratio

4,08

Debt-to-Equity Ratio

2,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 458 000	2 906 000	3 222 000	4 142 000
Net Income	−3 000	18 000	133 000	639 000
Total Assets	3 035 000	3 156 000	3 261 000	3 120 000
Total Equity	755 000	758 000	1 139 000	1 506 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 458 000	2 906 000	3 222 000	4 142 000
Expenditure	2 449 000	2 875 000	3 049 000	3 326 000
Operating Profit	9 000	32 000	174 000	816 000
Financial Income	4 000	0	0	4 000
Financial Costs	12 000	1 000	1 000	0
Financial Balance	−8 000	−1 000	−1 000	4 000
Earnings Before Tax	1 000	30 000	173 000	821 000
Tax	3 000	12 000	39 000	182 000
Net Income	−3 000	18 000	133 000	639 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 000	21 000	34 000	46 000
Total Current Assets	3 020 000	3 135 000	3 228 000	3 074 000
Total Assets	3 035 000	3 156 000	3 261 000	3 120 000
Total Retained Equity	655 000	658 000	1 039 000	1 406 000
Total Equity	755 000	758 000	1 139 000	1 506 000
Total Long-Term Debt	1 540 000	1 540 000	1 090 000	640 000
Total Current Debt	740 000	859 000	1 033 000	975 000
Total Equity and Debt	3 035 000	3 156 000	3 261 000	3 120 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 458 000	2 906 000	3 222 000	4 142 000
Other Income	0	0	0	0
Revenue	2 458 000	2 906 000	3 222 000	4 142 000
Cost of Goods Sold	1 942 000	2 429 000	2 669 000	2 831 000
Salary Costs	0	0	0	0
Depreciation	6 000	13 000	13 000	13 000
Impairment	0	0	0	0
Expenditure	2 449 000	2 875 000	3 049 000	3 326 000
Operating Profit	9 000	32 000	174 000	816 000
Financial Income	4 000	0	0	4 000
Financial Costs	12 000	1 000	1 000	0
Financial Balance	−8 000	−1 000	−1 000	4 000
Dividends	0	400 000	500 000	600 000
Net Income	−3 000	18 000	133 000	639 000

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	15 000	21 000	34 000	46 000
Total Tangible Assets	15 000	21 000	34 000	46 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	15 000	21 000	34 000	46 000
Stock	2 590 000	2 766 000	2 780 000	2 654 000
Total Investments	0	0	0	0
Cash, Bank	96 000	12 000	62 000	195 000
Total Current Assets	3 020 000	3 135 000	3 228 000	3 074 000
Total Assets	3 035 000	3 156 000	3 261 000	3 120 000
Total Equity	755 000	758 000	1 139 000	1 506 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 540 000	1 540 000	1 090 000	640 000
Creditors	201 000	21 000	174 000	143 000
Unpaid Taxes	0	73 000	78 000	50 000
Dividends	0	400 000	500 000	600 000
Other Current Debt	536 000	352 000	241 000	0
Total Current Debt	740 000	859 000	1 033 000	975 000
Total Equity and Debt	3 035 000	3 156 000	3 261 000	3 120 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,4 %	2,37 %	11,68 %	42,43 %
Debt-to-Equity Ratio	2,04	2,03	0,96	0,42
Operating Profit Margin	0,37 %	1,1 %	5,4 %	19,7 %
Current Ratio	4,08	3,65	3,12	3,15
Quick Ratio	−1,63	−1,64	−1,85	−1,83
Equity Ratio	0,25	0,24	0,35	0,48
Gross Profit Margin	20,99 %	16,41 %	17,16 %	31,65 %