ÅRSETHAUGEN AS

6004 ÅLESUND

Finances

Return on Equity

−21,55 %

Current Ratio

2,44

Debt-to-Equity Ratio

0,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 000	11 596 000	11 042 000	15 597 000
Net Income	−1 221 000	837 000	859 000	354 000
Total Assets	16 390 000	16 619 000	19 757 000	20 801 000
Total Equity	5 667 000	6 889 000	6 052 000	5 192 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 000	11 596 000	11 042 000	15 597 000
Expenditure	914 000	10 088 000	9 433 000	14 363 000
Operating Profit	−894 000	1 508 000	1 610 000	1 235 000
Financial Income	163 000	14 000	−8 000	92 000
Financial Costs	491 000	686 000	742 000	973 000
Financial Balance	−328 000	−672 000	−750 000	−881 000
Earnings Before Tax	−1 221 000	837 000	859 000	354 000
Tax	0	0	0	0
Net Income	−1 221 000	837 000	859 000	354 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	3 000	7 000	11 000
Total Current Assets	16 390 000	16 616 000	19 750 000	20 790 000
Total Assets	16 390 000	16 619 000	19 757 000	20 801 000
Total Retained Equity	−3 726 000	−2 505 000	−3 342 000	−4 201 000
Total Equity	5 667 000	6 889 000	6 052 000	5 192 000
Total Long-Term Debt	4 000 000	4 000 000	4 002 000	0
Total Current Debt	6 723 000	5 731 000	9 703 000	15 609 000
Total Equity and Debt	16 390 000	16 619 000	19 757 000	20 801 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 000	11 596 000	11 042 000	15 597 000
Other Income	0	0	0	0
Revenue	20 000	11 596 000	11 042 000	15 597 000
Cost of Goods Sold	329 000	9 494 000	8 508 000	12 991 000
Salary Costs	0	0	0	0
Depreciation	3 000	4 000	4 000	4 000
Impairment	0	0	0	0
Expenditure	914 000	10 088 000	9 433 000	14 363 000
Operating Profit	−894 000	1 508 000	1 610 000	1 235 000
Financial Income	163 000	14 000	−8 000	92 000
Financial Costs	491 000	686 000	742 000	973 000
Financial Balance	−328 000	−672 000	−750 000	−881 000
Dividends	0	0	0	0
Net Income	−1 221 000	837 000	859 000	354 000

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	3 000	7 000	11 000
Total Tangible Assets	0	3 000	7 000	11 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	3 000	7 000	11 000
Stock	15 830 000	12 693 000	18 601 000	17 626 000
Total Investments	0	0	0	0
Cash, Bank	517 000	3 526 000	528 000	2 208 000
Total Current Assets	16 390 000	16 616 000	19 750 000	20 790 000
Total Assets	16 390 000	16 619 000	19 757 000	20 801 000
Total Equity	5 667 000	6 889 000	6 052 000	5 192 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 000 000	4 000 000	4 002 000	0
Creditors	2 827 000	1 526 000	2 493 000	4 888 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	3 896 000	4 205 000	4 181 000	4 968 000
Total Current Debt	6 723 000	5 731 000	9 703 000	15 609 000
Total Equity and Debt	16 390 000	16 619 000	19 757 000	20 801 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−21,55 %	12,15 %	14,19 %	6,82 %
Debt-to-Equity Ratio	0,71	0,58	0,66	0
Operating Profit Margin	−4 470 %	13 %	14,58 %	7,92 %
Current Ratio	2,44	2,9	2,04	1,33
Quick Ratio	−1,8	−2,39	−2,22	−10,31
Equity Ratio	0,35	0,41	0,31	0,25
Gross Profit Margin	−1 545 %	18,13 %	22,95 %	16,71 %