AART

0369 OSLO

Finances

Share Ownership

Return on Equity

23,24 %

Current Ratio

2,01

Debt-to-Equity Ratio

1,19

Key figures (DKK)	2015	2014	2013	2012
Revenue	58 658 000	52 829 000	61 691 000	38 215 000
Net Income	2 302 000	3 935 000	5 152 000	2 468 000
Total Assets	38 858 000	30 332 000	26 633 000	25 082 000
Total Equity	9 904 000	10 302 000	9 847 000	6 795 000

Income (DKK)	2015	2014	2013	2012
Revenue	58 658 000	52 829 000	61 691 000	38 215 000
Expenditure	55 431 000	49 690 000	54 206 000	34 387 000
Operating Profit	3 228 000	3 139 000	7 485 000	3 828 000
Financial Income	969 000	1 597 000	4 000	19 000
Financial Costs	1 089 000	82 000	479 000	196 000
Financial Balance	−120 000	1 515 000	−475 000	−177 000
Earnings Before Tax	3 108 000	4 654 000	7 010 000	3 651 000
Tax	806 000	719 000	1 858 000	1 184 000
Net Income	2 302 000	3 935 000	5 152 000	2 468 000

Balance (DKK)	2015	2014	2013	2012
Total Fixed Assets	4 460 000	3 268 000	5 435 000	5 743 000
Total Current Assets	34 398 000	27 064 000	21 198 000	19 339 000
Total Assets	38 858 000	30 332 000	26 633 000	25 082 000
Total Retained Equity	9 404 000	9 802 000	9 347 000	6 295 000
Total Equity	9 904 000	10 302 000	9 847 000	6 795 000
Total Long-Term Debt	11 817 000	7 401 000	7 030 000	6 674 000
Total Current Debt	17 136 000	12 630 000	9 756 000	11 613 000
Total Equity and Debt	38 858 000	30 332 000	26 633 000	25 082 000

Cash flow (DKK)	2015	2014	2013	2012
Sales Income	58 658 000	52 829 000	61 691 000	38 215 000
Other Income	0	0	0	0
Revenue	58 658 000	52 829 000	61 691 000	38 215 000
Cost of Goods Sold	24 811 000	10 449 000	11 887 000	0
Salary Costs	29 723 000	31 429 000	34 604 000	33 523 000
Depreciation	897 000	1 011 000	992 000	864 000
Impairment	0	0	0	0
Expenditure	55 431 000	49 690 000	54 206 000	34 387 000
Operating Profit	3 228 000	3 139 000	7 485 000	3 828 000
Financial Income	969 000	1 597 000	4 000	19 000
Financial Costs	1 089 000	82 000	479 000	196 000
Financial Balance	−120 000	1 515 000	−475 000	−177 000
Dividends	0	2 700 000	3 480 000	2 100 000
Net Income	2 302 000	3 935 000	5 152 000	2 468 000

Balance details (DKK)	2015	2014	2013	2012
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	3 609 000	3 466 000
Machinery and Plant Facilities	0	0	0	2 276 000
Fixtures	1 467 000	1 682 000	1 826 000	0
Total Tangible Assets	1 467 000	1 682 000	5 435 000	5 743 000
Total Fiancial Fixed Assets	2 993 000	1 586 000	0	0
Total Fixed Assets	4 460 000	3 268 000	5 435 000	5 743 000
Stock	13 516 000	0	0	300 000
Total Investments	0	0	0	0
Cash, Bank	833 000	3 917 000	2 318 000	738 000
Total Current Assets	34 398 000	27 064 000	21 198 000	19 339 000
Total Assets	38 858 000	30 332 000	26 633 000	25 082 000
Total Equity	9 904 000	10 302 000	9 847 000	6 795 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 817 000	7 401 000	7 030 000	6 674 000
Creditors	10 735 000	3 526 000	1 948 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	2 700 000	3 480 000	2 100 000
Other Current Debt	6 402 000	8 156 000	7 421 000	11 613 000
Total Current Debt	17 136 000	12 630 000	9 756 000	11 613 000
Total Equity and Debt	38 858 000	30 332 000	26 633 000	25 082 000

Financial indicators	2015	2014	2013	2012
Return on Equity	23,24 %	38,2 %	52,32 %	36,32 %
Debt-to-Equity Ratio	1,19	0,72	0,71	0,98
Operating Profit Margin	5,5 %	5,94 %	12,13 %	10,02 %
Current Ratio	2,01	2,14	2,17	1,67
Quick Ratio	9,5	2,14	2,17	1,71
Equity Ratio	0,25	0,34	0,37	0,27
Gross Profit Margin	57,7 %	80,22 %	80,73 %	100 %