ARTEL INVEST AS

0161 OSLO

Finances

Return on Equity

10,5 %

Current Ratio

15,44

Debt-to-Equity Ratio

0,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	14 110 000	17 125 000	3 574 000	5 193 000
Total Assets	158 752 000	142 032 000	134 623 000	118 204 000
Total Equity	134 341 000	122 231 000	113 106 000	109 532 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	1 496 000	1 267 000	800 000	736 000
Operating Profit	−1 496 000	−1 268 000	−800 000	−736 000
Financial Income	17 130 000	22 293 000	4 430 000	6 232 000
Financial Costs	1 523 000	3 900 000	56 000	303 000
Financial Balance	15 607 000	18 393 000	4 374 000	5 929 000
Earnings Before Tax	14 110 000	17 125 000	3 574 000	5 193 000
Tax	0	0	0	0
Net Income	14 110 000	17 125 000	3 574 000	5 193 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	52 063 000	47 260 000	47 260 000	52 650 000
Total Current Assets	106 689 000	94 771 000	87 363 000	65 553 000
Total Assets	158 752 000	142 032 000	134 623 000	118 204 000
Total Retained Equity	124 316 000	110 206 000	101 081 000	97 507 000
Total Equity	134 341 000	122 231 000	113 106 000	109 532 000
Total Long-Term Debt	17 500 000	19 500 000	21 076 000	8 507 000
Total Current Debt	6 911 000	301 000	441 000	165 000
Total Equity and Debt	158 752 000	142 032 000	134 623 000	118 204 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	427 000	400 000
Salary Costs	57 000	0	114 000	145 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 496 000	1 267 000	800 000	736 000
Operating Profit	−1 496 000	−1 268 000	−800 000	−736 000
Financial Income	17 130 000	22 293 000	4 430 000	6 232 000
Financial Costs	1 523 000	3 900 000	56 000	303 000
Financial Balance	15 607 000	18 393 000	4 374 000	5 929 000
Dividends	0	0	0	0
Net Income	14 110 000	17 125 000	3 574 000	5 193 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	52 063 000	47 260 000	47 260 000	52 650 000
Total Fixed Assets	52 063 000	47 260 000	47 260 000	52 650 000
Stock	0	0	0	0
Total Investments	60 024 000	65 714 000	69 682 000	51 665 000
Cash, Bank	46 120 000	29 057 000	17 681 000	13 888 000
Total Current Assets	106 689 000	94 771 000	87 363 000	65 553 000
Total Assets	158 752 000	142 032 000	134 623 000	118 204 000
Total Equity	134 341 000	122 231 000	113 106 000	109 532 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	17 500 000	19 500 000	21 076 000	8 507 000
Creditors	668 000	2 000	218 000	2 000
Unpaid Taxes	7 000	7 000	14 000	17 000
Dividends	0	0	0	0
Other Current Debt	6 236 000	292 000	209 000	146 000
Total Current Debt	6 911 000	301 000	441 000	165 000
Total Equity and Debt	158 752 000	142 032 000	134 623 000	118 204 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,5 %	14,01 %	3,16 %	4,74 %
Debt-to-Equity Ratio	0,13	0,16	0,19	0,08
Operating Profit Margin	-	-	-	-
Current Ratio	15,44	314,85	198,1	397,29
Quick Ratio	15,44	314,85	198,1	397,29
Equity Ratio	0,85	0,86	0,84	0,93
Gross Profit Margin	-	-	-	-