ART HÅRDESIGN AS

9050 STORSTEINNES

Finances

Share Ownership

Return on Equity

−44,49 %

Current Ratio

1,32

Debt-to-Equity Ratio

0,72

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 961 000	2 921 000	2 742 000	2 820 000
Net Income	−117 000	90 000	51 000	30 000
Total Assets	972 000	968 000	848 000	735 000
Total Equity	263 000	381 000	291 000	240 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 961 000	2 921 000	2 742 000	2 820 000
Expenditure	3 086 000	2 801 000	2 676 000	2 779 000
Operating Profit	−125 000	120 000	65 000	41 000
Financial Income	0	0	0	0
Financial Costs	24 000	8 000	4 000	0
Financial Balance	−24 000	−8 000	−4 000	0
Earnings Before Tax	−149 000	112 000	61 000	41 000
Tax	−32 000	22 000	11 000	11 000
Net Income	−117 000	90 000	51 000	30 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	288 000	99 000	27 000	43 000
Total Current Assets	684 000	869 000	821 000	692 000
Total Assets	972 000	968 000	848 000	735 000
Total Retained Equity	163 000	281 000	191 000	140 000
Total Equity	263 000	381 000	291 000	240 000
Total Long-Term Debt	189 000	67 000	100 000	0
Total Current Debt	520 000	520 000	457 000	495 000
Total Equity and Debt	972 000	968 000	848 000	735 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 931 000	2 760 000	2 720 000	2 806 000
Other Income	30 000	161 000	22 000	14 000
Revenue	2 961 000	2 921 000	2 742 000	2 820 000
Cost of Goods Sold	478 000	451 000	499 000	533 000
Salary Costs	2 014 000	1 900 000	1 678 000	1 825 000
Depreciation	38 000	11 000	8 000	13 000
Impairment	0	0	0	0
Expenditure	3 086 000	2 801 000	2 676 000	2 779 000
Operating Profit	−125 000	120 000	65 000	41 000
Financial Income	0	0	0	0
Financial Costs	24 000	8 000	4 000	0
Financial Balance	−24 000	−8 000	−4 000	0
Dividends	0	0	0	0
Net Income	−117 000	90 000	51 000	30 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	44 000	12 000	12 000	20 000
Real Eastate	87 000	79 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	158 000	7 000	15 000	23 000
Total Tangible Assets	244 000	86 000	15 000	23 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	288 000	99 000	27 000	43 000
Stock	415 000	407 000	394 000	458 000
Total Investments	0	0	0	0
Cash, Bank	259 000	292 000	397 000	204 000
Total Current Assets	684 000	869 000	821 000	692 000
Total Assets	972 000	968 000	848 000	735 000
Total Equity	263 000	381 000	291 000	240 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	189 000	67 000	100 000	0
Creditors	24 000	39 000	11 000	11 000
Unpaid Taxes	232 000	182 000	182 000	200 000
Dividends	0	0	0	0
Other Current Debt	264 000	276 000	262 000	284 000
Total Current Debt	520 000	520 000	457 000	495 000
Total Equity and Debt	972 000	968 000	848 000	735 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−44,49 %	23,62 %	17,53 %	12,5 %
Debt-to-Equity Ratio	0,72	0,18	0,34	0
Operating Profit Margin	−4,22 %	4,11 %	2,37 %	1,45 %
Current Ratio	1,32	1,67	1,8	1,4
Quick Ratio	6,51	7,69	13,03	18,7
Equity Ratio	0,27	0,39	0,34	0,33
Gross Profit Margin	83,86 %	84,56 %	81,8 %	81,1 %