ARTIFEX AS

6004 ÅLESUND

Finances

Share Ownership

Return on Equity

10,42 %

Current Ratio

5,4

Debt-to-Equity Ratio

0,22

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 754 000	1 007 000	821 000	1 374 000
Net Income	45 000	39 000	−134 000	19 000
Total Assets	641 000	756 000	603 000	667 000
Total Equity	432 000	387 000	348 000	482 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 754 000	1 007 000	821 000	1 374 000
Expenditure	1 648 000	940 000	934 000	1 327 000
Operating Profit	106 000	68 000	−113 000	46 000
Financial Income	0	0	0	0
Financial Costs	61 000	29 000	20 000	33 000
Financial Balance	−61 000	−29 000	−20 000	−33 000
Earnings Before Tax	45 000	39 000	−133 000	14 000
Tax	0	0	1 000	−5 000
Net Income	45 000	39 000	−134 000	19 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 000	30 000	9 000	13 000
Total Current Assets	621 000	727 000	595 000	654 000
Total Assets	641 000	756 000	603 000	667 000
Total Retained Equity	332 000	287 000	248 000	382 000
Total Equity	432 000	387 000	348 000	482 000
Total Long-Term Debt	94 000	131 000	42 000	93 000
Total Current Debt	115 000	238 000	213 000	91 000
Total Equity and Debt	641 000	756 000	603 000	667 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 677 000	857 000	821 000	1 374 000
Other Income	77 000	150 000	0	0
Revenue	1 754 000	1 007 000	821 000	1 374 000
Cost of Goods Sold	1 009 000	459 000	436 000	697 000
Salary Costs	2 000	9 000	9 000	7 000
Depreciation	10 000	5 000	4 000	4 000
Impairment	0	0	0	0
Expenditure	1 648 000	940 000	934 000	1 327 000
Operating Profit	106 000	68 000	−113 000	46 000
Financial Income	0	0	0	0
Financial Costs	61 000	29 000	20 000	33 000
Financial Balance	−61 000	−29 000	−20 000	−33 000
Dividends	0	0	0	0
Net Income	45 000	39 000	−134 000	19 000

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	20 000	30 000	9 000	13 000
Total Tangible Assets	20 000	30 000	9 000	13 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	20 000	30 000	9 000	13 000
Stock	473 000	468 000	482 000	632 000
Total Investments	0	0	0	0
Cash, Bank	125 000	191 000	97 000	5 000
Total Current Assets	621 000	727 000	595 000	654 000
Total Assets	641 000	756 000	603 000	667 000
Total Equity	432 000	387 000	348 000	482 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	94 000	131 000	42 000	93 000
Creditors	18 000	57 000	22 000	16 000
Unpaid Taxes	78 000	67 000	96 000	67 000
Dividends	0	0	0	0
Other Current Debt	19 000	113 000	111 000	19 000
Total Current Debt	115 000	238 000	213 000	91 000
Total Equity and Debt	641 000	756 000	603 000	667 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,42 %	10,08 %	−38,51 %	3,94 %
Debt-to-Equity Ratio	0,22	0,34	0,12	0,19
Operating Profit Margin	6,04 %	6,75 %	−13,76 %	3,35 %
Current Ratio	5,4	3,05	2,79	7,19
Quick Ratio	−1,73	−3,16	−2,21	−1,21
Equity Ratio	0,67	0,51	0,58	0,72
Gross Profit Margin	42,47 %	54,42 %	46,89 %	49,27 %