ARTIC BIL AS

9055 MEISTERVIK

Finances

Share Ownership

Return on Equity

2,31 %

Current Ratio

17,67

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 381 000	16 062 000	13 823 000	13 469 000
Net Income	170 000	1 428 000	750 000	688 000
Total Assets	7 668 000	9 496 000	9 673 000	9 161 000
Total Equity	7 359 000	7 189 000	5 761 000	5 012 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 381 000	16 062 000	13 823 000	13 469 000
Expenditure	6 960 000	13 715 000	13 891 000	11 563 000
Operating Profit	221 000	1 952 000	1 077 000	1 031 000
Financial Income	0	0	11 000	10 000
Financial Costs	3 000	121 000	127 000	159 000
Financial Balance	−3 000	−121 000	−116 000	−149 000
Earnings Before Tax	218 000	1 831 000	961 000	882 000
Tax	48 000	403 000	211 000	194 000
Net Income	170 000	1 428 000	750 000	688 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 959 000	4 508 000	4 270 000	4 456 000
Total Current Assets	3 710 000	4 988 000	5 403 000	4 705 000
Total Assets	7 668 000	9 496 000	9 673 000	9 161 000
Total Retained Equity	7 327 000	7 158 000	5 729 000	4 980 000
Total Equity	7 359 000	7 189 000	5 761 000	5 012 000
Total Long-Term Debt	99 000	1 438 000	3 123 000	3 321 000
Total Current Debt	210 000	869 000	789 000	829 000
Total Equity and Debt	7 668 000	9 496 000	9 673 000	9 161 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 711 000	15 646 000	13 525 000	13 121 000
Other Income	670 000	416 000	299 000	348 000
Revenue	8 381 000	16 062 000	13 823 000	13 469 000
Cost of Goods Sold	4 466 000	9 647 000	10 472 000	8 354 000
Salary Costs	834 000	2 471 000	2 088 000	1 941 000
Depreciation	382 000	419 000	345 000	344 000
Impairment	0	0	0	0
Expenditure	6 960 000	13 715 000	13 891 000	11 563 000
Operating Profit	221 000	1 952 000	1 077 000	1 031 000
Financial Income	0	0	11 000	10 000
Financial Costs	3 000	121 000	127 000	159 000
Financial Balance	−3 000	−121 000	−116 000	−149 000
Dividends	0	0	0	0
Net Income	170 000	1 428 000	750 000	688 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 749 000	3 107 000	3 354 000	3 583 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 210 000	1 401 000	915 000	873 000
Total Tangible Assets	3 959 000	4 508 000	4 270 000	4 456 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 959 000	4 508 000	4 270 000	4 456 000
Stock	1 928 000	3 129 000	3 525 000	2 381 000
Total Investments	0	0	0	0
Cash, Bank	1 603 000	1 673 000	1 657 000	1 920 000
Total Current Assets	3 710 000	4 988 000	5 403 000	4 705 000
Total Assets	7 668 000	9 496 000	9 673 000	9 161 000
Total Equity	7 359 000	7 189 000	5 761 000	5 012 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	99 000	1 438 000	3 123 000	3 321 000
Creditors	38 000	150 000	149 000	80 000
Unpaid Taxes	78 000	78 000	114 000	262 000
Dividends	0	0	0	0
Other Current Debt	75 000	238 000	301 000	287 000
Total Current Debt	210 000	869 000	789 000	829 000
Total Equity and Debt	7 668 000	9 496 000	9 673 000	9 161 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,31 %	19,86 %	13,02 %	13,73 %
Debt-to-Equity Ratio	0,01	0,2	0,54	0,66
Operating Profit Margin	2,64 %	12,15 %	7,79 %	7,65 %
Current Ratio	17,67	5,74	6,85	5,68
Quick Ratio	−2,16	−2,21	−1,97	−3,03
Equity Ratio	0,96	0,76	0,6	0,55
Gross Profit Margin	46,71 %	39,94 %	24,24 %	37,98 %