ÅRNES ELEKTRO AS

2150 ÅRNES

Finances

Share Ownership

Return on Equity

95,68 %

Current Ratio

1,3

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	43 341 000	32 736 000	29 591 000	27 436 000
Net Income	4 121 000	2 437 000	2 884 000	2 382 000
Total Assets	21 697 000	11 626 000	10 047 000	9 635 000
Total Equity	4 307 000	2 586 000	3 049 000	2 565 000

Income (NOK)	2022	2021	2020	2019
Revenue	43 341 000	32 736 000	29 591 000	27 436 000
Expenditure	38 285 000	29 736 000	25 979 000	24 462 000
Operating Profit	5 056 000	3 000 000	3 612 000	2 974 000
Financial Income	229 000	127 000	91 000	93 000
Financial Costs	1 000	3 000	5 000	2 000
Financial Balance	228 000	124 000	86 000	91 000
Earnings Before Tax	5 283 000	3 124 000	3 698 000	3 065 000
Tax	1 162 000	687 000	814 000	683 000
Net Income	4 121 000	2 437 000	2 884 000	2 382 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	110 000	150 000	180 000	0
Total Current Assets	21 587 000	11 476 000	9 866 000	9 635 000
Total Assets	21 697 000	11 626 000	10 047 000	9 635 000
Total Retained Equity	4 207 000	2 486 000	2 949 000	2 465 000
Total Equity	4 307 000	2 586 000	3 049 000	2 565 000
Total Long-Term Debt	793 000	225 000	0	107 000
Total Current Debt	16 597 000	8 816 000	6 998 000	6 963 000
Total Equity and Debt	21 697 000	11 626 000	10 047 000	9 635 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	43 341 000	32 736 000	29 591 000	27 436 000
Other Income	0	0	0	0
Revenue	43 341 000	32 736 000	29 591 000	27 436 000
Cost of Goods Sold	17 395 000	12 990 000	10 765 000	9 447 000
Salary Costs	16 813 000	13 092 000	12 096 000	11 736 000
Depreciation	40 000	30 000	20 000	0
Impairment	0	0	0	0
Expenditure	38 285 000	29 736 000	25 979 000	24 462 000
Operating Profit	5 056 000	3 000 000	3 612 000	2 974 000
Financial Income	229 000	127 000	91 000	93 000
Financial Costs	1 000	3 000	5 000	2 000
Financial Balance	228 000	124 000	86 000	91 000
Dividends	0	0	0	0
Net Income	4 121 000	2 437 000	2 884 000	2 382 000

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	110 000	150 000	180 000	0
Total Tangible Assets	110 000	150 000	180 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	110 000	150 000	180 000	0
Stock	2 239 000	1 841 000	1 718 000	1 586 000
Total Investments	0	0	0	0
Cash, Bank	400 000	315 000	511 000	366 000
Total Current Assets	21 587 000	11 476 000	9 866 000	9 635 000
Total Assets	21 697 000	11 626 000	10 047 000	9 635 000
Total Equity	4 307 000	2 586 000	3 049 000	2 565 000
Short-Term Group Debt	5 630 000	805 000	0	145 000
Total Long-Term Debt	793 000	225 000	0	107 000
Creditors	257 000	972 000	318 000	394 000
Unpaid Taxes	2 746 000	2 014 000	2 227 000	1 837 000
Dividends	0	0	0	0
Other Current Debt	7 370 000	4 562 000	3 532 000	3 722 000
Total Current Debt	16 597 000	8 816 000	6 998 000	6 963 000
Total Equity and Debt	21 697 000	11 626 000	10 047 000	9 635 000

Financial indicators	2022	2021	2020	2019
Return on Equity	95,68 %	94,24 %	94,59 %	92,87 %
Debt-to-Equity Ratio	0,18	0,09	0	0,04
Operating Profit Margin	11,67 %	9,16 %	12,21 %	10,84 %
Current Ratio	1,3	1,3	1,41	1,38
Quick Ratio	1,5	1,65	1,87	1,79
Equity Ratio	0,2	0,22	0,3	0,27
Gross Profit Margin	59,86 %	60,32 %	63,62 %	65,57 %