ARTIC GROUP AS

6800 FØRDE

Finances

Return on Equity

−0,5 %

Current Ratio

3,65

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 034 000	3 669 000	9 250 000	273 129 000
Net Income	−260 000	−80 000	−152 000	−38 626 000
Total Assets	53 603 000	60 045 000	58 267 000	73 546 000
Total Equity	52 364 000	54 484 000	53 430 000	58 782 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 034 000	3 669 000	9 250 000	273 129 000
Expenditure	2 918 000	3 428 000	9 608 000	302 097 000
Operating Profit	115 000	242 000	−358 000	−28 968 000
Financial Income	1 116 000	1 476 000	1 640 000	1 832 000
Financial Costs	1 492 000	1 799 000	1 560 000	9 698 000
Financial Balance	−376 000	−323 000	80 000	−7 866 000
Earnings Before Tax	−260 000	−80 000	−278 000	−36 834 000
Tax	0	0	−126 000	1 792 000
Net Income	−260 000	−80 000	−152 000	−38 626 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	49 086 000	52 299 000	32 364 000	19 788 000
Total Current Assets	4 518 000	7 745 000	25 904 000	53 758 000
Total Assets	53 603 000	60 045 000	58 267 000	73 546 000
Total Retained Equity	47 343 000	49 463 000	48 409 000	53 761 000
Total Equity	52 364 000	54 484 000	53 430 000	58 782 000
Total Long-Term Debt	0	0	1 721 000	2 074 000
Total Current Debt	1 239 000	5 560 000	3 116 000	12 690 000
Total Equity and Debt	53 603 000	60 045 000	58 267 000	73 546 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 034 000	3 059 000	9 250 000	273 129 000
Other Income	0	610 000	0	0
Revenue	3 034 000	3 669 000	9 250 000	273 129 000
Cost of Goods Sold	20 000	22 000	149 000	255 212 000
Salary Costs	2 239 000	3 161 000	3 979 000	7 592 000
Depreciation	260 000	232 000	1 001 000	1 066 000
Impairment	0	0	0	75 000
Expenditure	2 918 000	3 428 000	9 608 000	302 097 000
Operating Profit	115 000	242 000	−358 000	−28 968 000
Financial Income	1 116 000	1 476 000	1 640 000	1 832 000
Financial Costs	1 492 000	1 799 000	1 560 000	9 698 000
Financial Balance	−376 000	−323 000	80 000	−7 866 000
Dividends	2 040 000	8 000 000	0	0
Net Income	−260 000	−80 000	−152 000	−38 626 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	803 000	676 000
Real Eastate	0	0	9 938 000	10 413 000
Machinery and Plant Facilities	136 000	156 000	263 000	432 000
Fixtures	919 000	1 178 000	1 053 000	492 000
Total Tangible Assets	1 055 000	1 335 000	12 266 000	16 317 000
Total Fiancial Fixed Assets	48 031 000	50 965 000	19 294 000	2 795 000
Total Fixed Assets	49 086 000	52 299 000	32 364 000	19 788 000
Stock	0	0	5 193 000	5 053 000
Total Investments	706 000	5 224 000	4 000	81 000
Cash, Bank	45 000	689 000	545 000	9 037 000
Total Current Assets	4 518 000	7 745 000	25 904 000	53 758 000
Total Assets	53 603 000	60 045 000	58 267 000	73 546 000
Total Equity	52 364 000	54 484 000	53 430 000	58 782 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 721 000	2 074 000
Creditors	79 000	775 000	1 079 000	4 095 000
Unpaid Taxes	201 000	212 000	281 000	327 000
Dividends	2 040 000	8 000 000	0	0
Other Current Debt	959 000	4 574 000	1 756 000	8 269 000
Total Current Debt	1 239 000	5 560 000	3 116 000	12 690 000
Total Equity and Debt	53 603 000	60 045 000	58 267 000	73 546 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,5 %	−0,15 %	−0,28 %	−65,71 %
Debt-to-Equity Ratio	0	0	0,03	0,04
Operating Profit Margin	3,79 %	6,6 %	−3,87 %	−10,61 %
Current Ratio	3,65	1,39	8,31	4,24
Quick Ratio	3,65	1,39	−12,47	7,04
Equity Ratio	0,98	0,91	0,92	0,8
Gross Profit Margin	99,34 %	99,4 %	98,39 %	6,56 %