ARTEMIS SHIPPING AS

6003 ÅLESUND

Finances

Return on Equity

4,48 %

Current Ratio

0,93

Debt-to-Equity Ratio

−1,79

Key figures (NOK)	2022	2021	2020	2019
Revenue	93 649 000	96 294 000	118 235 000	146 967 000
Net Income	−5 490 000	−8 281 000	23 765 000	23 087 000
Total Assets	106 743 000	206 335 000	141 441 000	138 278 000
Total Equity	−122 609 000	−117 119 000	−183 898 000	−207 663 000

Income (NOK)	2022	2021	2020	2019
Revenue	93 649 000	96 294 000	118 235 000	146 967 000
Expenditure	97 078 000	117 797 000	91 505 000	118 154 000
Operating Profit	−3 428 000	−21 503 000	26 730 000	28 814 000
Financial Income	2 283 000	2 756 000	17 413 000	3 574 000
Financial Costs	4 345 000	6 079 000	20 377 000	9 301 000
Financial Balance	−2 062 000	−3 323 000	−2 964 000	−5 727 000
Earnings Before Tax	−5 490 000	−24 826 000	23 765 000	23 087 000
Tax	0	−16 545 000	0	0
Net Income	−5 490 000	−8 281 000	23 765 000	23 087 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	98 073 000	101 444 000	93 015 000	63 103 000
Total Current Assets	8 670 000	104 891 000	48 426 000	75 175 000
Total Assets	106 743 000	206 335 000	141 441 000	138 278 000
Total Retained Equity	−242 430 000	−236 941 000	−245 060 000	−268 825 000
Total Equity	−122 609 000	−117 119 000	−183 898 000	−207 663 000
Total Long-Term Debt	220 000 000	296 000 000	310 750 000	317 750 000
Total Current Debt	9 352 000	27 455 000	14 589 000	28 191 000
Total Equity and Debt	106 743 000	206 335 000	141 441 000	138 278 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	72 577 000	81 659 000	111 780 000	138 417 000
Other Income	21 072 000	14 635 000	6 454 000	8 551 000
Revenue	93 649 000	96 294 000	118 235 000	146 967 000
Cost of Goods Sold	31 451 000	36 759 000	34 868 000	33 028 000
Salary Costs	24 387 000	21 406 000	29 213 000	37 783 000
Depreciation	7 810 000	8 420 000	5 702 000	5 702 000
Impairment	0	0	0	0
Expenditure	97 078 000	117 797 000	91 505 000	118 154 000
Operating Profit	−3 428 000	−21 503 000	26 730 000	28 814 000
Financial Income	2 283 000	2 756 000	17 413 000	3 574 000
Financial Costs	4 345 000	6 079 000	20 377 000	9 301 000
Financial Balance	−2 062 000	−3 323 000	−2 964 000	−5 727 000
Dividends	0	0	0	0
Net Income	−5 490 000	−8 281 000	23 765 000	23 087 000

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	10 806 000	13 881 000	1 067 000	2 573 000
Total Tangible Assets	58 011 000	65 821 000	57 392 000	63 093 000
Total Fiancial Fixed Assets	40 062 000	35 624 000	35 624 000	10 000
Total Fixed Assets	98 073 000	101 444 000	93 015 000	63 103 000
Stock	1 689 000	3 265 000	3 500 000	4 244 000
Total Investments	0	0	0	0
Cash, Bank	564 000	2 726 000	31 910 000	20 268 000
Total Current Assets	8 670 000	104 891 000	48 426 000	75 175 000
Total Assets	106 743 000	206 335 000	141 441 000	138 278 000
Total Equity	−122 609 000	−117 119 000	−183 898 000	−207 663 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	220 000 000	296 000 000	310 750 000	317 750 000
Creditors	4 286 000	12 626 000	9 531 000	17 025 000
Unpaid Taxes	164 000	487 000	694 000	643 000
Dividends	0	0	0	0
Other Current Debt	4 902 000	14 341 000	4 364 000	10 523 000
Total Current Debt	9 352 000	27 455 000	14 589 000	28 191 000
Total Equity and Debt	106 743 000	206 335 000	141 441 000	138 278 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,48 %	7,07 %	−12,92 %	−11,12 %
Debt-to-Equity Ratio	−1,79	−2,53	−1,69	−1,53
Operating Profit Margin	−3,66 %	−22,33 %	22,61 %	19,61 %
Current Ratio	0,93	3,82	3,32	2,67
Quick Ratio	1,13	4,34	4,37	3,14
Equity Ratio	−1,15	−0,57	−1,3	−1,5
Gross Profit Margin	66,42 %	61,83 %	70,51 %	77,53 %