ARGO ENGINEERING AS

4373 EGERSUND

Finances

Share Ownership

Return on Equity

930 %

Current Ratio

1,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 710 000	1 635 000	1 778 000	1 006 000
Net Income	1 953 000	1 195 000	1 292 000	332 000
Total Assets	2 668 000	1 703 000	1 757 000	696 000
Total Equity	210 000	157 000	162 000	171 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 710 000	1 635 000	1 778 000	1 006 000
Expenditure	210 000	99 000	194 000	544 000
Operating Profit	2 500 000	1 536 000	1 585 000	462 000
Financial Income	15 000	2 000	9 000	2 000
Financial Costs	6 000	0	9 000	4 000
Financial Balance	9 000	2 000	0	−2 000
Earnings Before Tax	2 509 000	1 537 000	1 585 000	460 000
Tax	556 000	342 000	293 000	128 000
Net Income	1 953 000	1 195 000	1 292 000	332 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	86 000
Total Current Assets	2 668 000	1 703 000	1 757 000	610 000
Total Assets	2 668 000	1 703 000	1 757 000	696 000
Total Retained Equity	110 000	57 000	62 000	71 000
Total Equity	210 000	157 000	162 000	171 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 458 000	1 545 000	1 595 000	525 000
Total Equity and Debt	2 668 000	1 703 000	1 757 000	696 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 710 000	1 635 000	1 514 000	1 006 000
Other Income	0	0	264 000	0
Revenue	2 710 000	1 635 000	1 778 000	1 006 000
Cost of Goods Sold	0	0	21 000	0
Salary Costs	20 000	15 000	34 000	116 000
Depreciation	0	0	0	158 000
Impairment	0	0	0	0
Expenditure	210 000	99 000	194 000	544 000
Operating Profit	2 500 000	1 536 000	1 585 000	462 000
Financial Income	15 000	2 000	9 000	2 000
Financial Costs	6 000	0	9 000	4 000
Financial Balance	9 000	2 000	0	−2 000
Dividends	1 900 000	1 200 000	1 300 000	350 000
Net Income	1 953 000	1 195 000	1 292 000	332 000

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	86 000
Total Tangible Assets	0	0	0	86 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	86 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 636 000	928 000	1 704 000	562 000
Total Current Assets	2 668 000	1 703 000	1 757 000	610 000
Total Assets	2 668 000	1 703 000	1 757 000	696 000
Total Equity	210 000	157 000	162 000	171 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	2 000	3 000	1 000	14 000
Dividends	1 900 000	1 200 000	1 300 000	350 000
Other Current Debt	0	0	0	32 000
Total Current Debt	2 458 000	1 545 000	1 595 000	525 000
Total Equity and Debt	2 668 000	1 703 000	1 757 000	696 000

Financial indicators	2022	2021	2020	2019
Return on Equity	930 %	761,15 %	797,53 %	194,15 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	92,25 %	93,94 %	89,15 %	45,92 %
Current Ratio	1,09	1,1	1,1	1,16
Quick Ratio	1,09	1,1	1,1	1,16
Equity Ratio	0,08	0,09	0,09	0,25
Gross Profit Margin	100 %	100 %	98,82 %	100 %