ART LOFOTEN AS

8300 SVOLVÆR

Finances

Share Ownership

Return on Equity

37,45 %

Current Ratio

1,29

Debt-to-Equity Ratio

3,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 072 000	952 000	985 000	1 012 000
Net Income	394 000	347 000	389 000	315 000
Total Assets	5 272 000	6 042 000	5 986 000	3 444 000
Total Equity	1 052 000	1 658 000	1 310 000	1 121 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 072 000	952 000	985 000	1 012 000
Expenditure	406 000	395 000	404 000	531 000
Operating Profit	666 000	557 000	581 000	480 000
Financial Income	0	0	0	0
Financial Costs	161 000	111 000	82 000	76 000
Financial Balance	−161 000	−111 000	−82 000	−76 000
Earnings Before Tax	506 000	446 000	499 000	405 000
Tax	111 000	99 000	110 000	90 000
Net Income	394 000	347 000	389 000	315 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 838 000	5 829 000	5 720 000	3 162 000
Total Current Assets	434 000	214 000	267 000	283 000
Total Assets	5 272 000	6 042 000	5 986 000	3 444 000
Total Retained Equity	452 000	1 058 000	710 000	521 000
Total Equity	1 052 000	1 658 000	1 310 000	1 121 000
Total Long-Term Debt	3 883 000	4 102 000	4 320 000	2 000 000
Total Current Debt	337 000	283 000	356 000	323 000
Total Equity and Debt	5 272 000	6 042 000	5 986 000	3 444 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 072 000	952 000	985 000	1 012 000
Revenue	1 072 000	952 000	985 000	1 012 000
Cost of Goods Sold	0	0	0	0
Salary Costs	22 000	37 000	64 000	41 000
Depreciation	30 000	30 000	30 000	100 000
Impairment	0	0	0	0
Expenditure	406 000	395 000	404 000	531 000
Operating Profit	666 000	557 000	581 000	480 000
Financial Income	0	0	0	0
Financial Costs	161 000	111 000	82 000	76 000
Financial Balance	−161 000	−111 000	−82 000	−76 000
Dividends	0	0	0	0
Net Income	394 000	347 000	389 000	315 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 000	18 000	29 000	41 000
Real Eastate	2 870 000	2 890 000	2 910 000	2 930 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	161 000	171 000	181 000	191 000
Total Tangible Assets	3 031 000	3 061 000	3 091 000	3 121 000
Total Fiancial Fixed Assets	1 800 000	2 750 000	2 600 000	0
Total Fixed Assets	4 838 000	5 829 000	5 720 000	3 162 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	431 000	211 000	241 000	283 000
Total Current Assets	434 000	214 000	267 000	283 000
Total Assets	5 272 000	6 042 000	5 986 000	3 444 000
Total Equity	1 052 000	1 658 000	1 310 000	1 121 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 883 000	4 102 000	4 320 000	2 000 000
Creditors	40 000	19 000	67 000	44 000
Unpaid Taxes	176 000	154 000	176 000	167 000
Dividends	0	0	0	0
Other Current Debt	20 000	23 000	14 000	21 000
Total Current Debt	337 000	283 000	356 000	323 000
Total Equity and Debt	5 272 000	6 042 000	5 986 000	3 444 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,45 %	20,93 %	29,69 %	28,1 %
Debt-to-Equity Ratio	3,69	2,47	3,3	1,78
Operating Profit Margin	62,13 %	58,51 %	58,98 %	47,43 %
Current Ratio	1,29	0,76	0,75	0,88
Quick Ratio	1,29	0,76	0,75	0,88
Equity Ratio	0,2	0,27	0,22	0,33
Gross Profit Margin	100 %	100 %	100 %	100 %