ARARAT AS

4023 STAVANGER

Finances

Share Ownership

Return on Equity

−2,32 %

Current Ratio

0,27

Debt-to-Equity Ratio

−0,64

Key figures (NOK)	2022	2021	2020	2019
Revenue	117 000	87 000	194 000	120 000
Net Income	7 000	−61 000	−72 000	−34 000
Total Assets	59 000	38 000	123 000	115 000
Total Equity	−302 000	−309 000	−248 000	−173 000

Income (NOK)	2022	2021	2020	2019
Revenue	117 000	87 000	194 000	120 000
Expenditure	108 000	148 000	266 000	155 000
Operating Profit	9 000	−61 000	−72 000	−35 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	1 000
Earnings Before Tax	9 000	−61 000	−72 000	−34 000
Tax	2 000	0	0	0
Net Income	7 000	−61 000	−72 000	−34 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 000	14 000	14 000	49 000
Total Current Assets	45 000	25 000	109 000	66 000
Total Assets	59 000	38 000	123 000	115 000
Total Retained Equity	−402 000	−409 000	−348 000	−273 000
Total Equity	−302 000	−309 000	−248 000	−173 000
Total Long-Term Debt	192 000	192 000	192 000	192 000
Total Current Debt	169 000	155 000	179 000	95 000
Total Equity and Debt	59 000	38 000	123 000	115 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	107 000	0	0	0
Other Income	10 000	87 000	194 000	120 000
Revenue	117 000	87 000	194 000	120 000
Cost of Goods Sold	40 000	0	0	0
Salary Costs	11 000	91 000	195 000	78 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	108 000	148 000	266 000	155 000
Operating Profit	9 000	−61 000	−72 000	−35 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	1 000
Dividends	0	0	0	0
Net Income	7 000	−61 000	−72 000	−34 000

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	14 000	14 000	14 000	49 000
Total Fixed Assets	14 000	14 000	14 000	49 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	12 000	25 000	26 000	61 000
Total Current Assets	45 000	25 000	109 000	66 000
Total Assets	59 000	38 000	123 000	115 000
Total Equity	−302 000	−309 000	−248 000	−173 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	192 000	192 000	192 000	192 000
Creditors	0	0	0	0
Unpaid Taxes	0	2 000	45 000	6 000
Dividends	0	0	0	0
Other Current Debt	169 000	153 000	134 000	89 000
Total Current Debt	169 000	155 000	179 000	95 000
Total Equity and Debt	59 000	38 000	123 000	115 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,32 %	19,74 %	29,03 %	19,65 %
Debt-to-Equity Ratio	−0,64	−0,62	−0,77	−1,11
Operating Profit Margin	7,69 %	−70,11 %	−37,11 %	−29,17 %
Current Ratio	0,27	0,16	0,61	0,69
Quick Ratio	0,27	0,16	0,61	0,69
Equity Ratio	−5,12	−8,13	−2,02	−1,5
Gross Profit Margin	65,81 %	100 %	100 %	100 %