ARMTEC AS

2092 MINNESUND

Finances

Share Ownership

Return on Equity

76,31 %

Current Ratio

0,97

Debt-to-Equity Ratio

0,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 187 000	8 177 000	1 697 000	1 304 000
Net Income	876 000	619 000	−119 000	119 000
Total Assets	5 669 000	2 846 000	2 193 000	2 872 000
Total Equity	1 148 000	722 000	973 000	1 093 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 187 000	8 177 000	1 697 000	1 304 000
Expenditure	12 004 000	7 352 000	1 801 000	1 075 000
Operating Profit	1 183 000	824 000	−104 000	229 000
Financial Income	1 000	0	0	0
Financial Costs	59 000	31 000	47 000	76 000
Financial Balance	−58 000	−31 000	−47 000	−76 000
Earnings Before Tax	1 125 000	794 000	−152 000	153 000
Tax	249 000	175 000	−32 000	34 000
Net Income	876 000	619 000	−119 000	119 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 598 000	1 606 000	1 592 000	2 417 000
Total Current Assets	4 071 000	1 240 000	600 000	455 000
Total Assets	5 669 000	2 846 000	2 193 000	2 872 000
Total Retained Equity	1 048 000	622 000	873 000	993 000
Total Equity	1 148 000	722 000	973 000	1 093 000
Total Long-Term Debt	315 000	362 000	383 000	1 239 000
Total Current Debt	4 206 000	1 762 000	837 000	541 000
Total Equity and Debt	5 669 000	2 846 000	2 193 000	2 872 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 187 000	8 177 000	1 686 000	1 295 000
Other Income	0	0	11 000	9 000
Revenue	13 187 000	8 177 000	1 697 000	1 304 000
Cost of Goods Sold	5 140 000	4 479 000	408 000	0
Salary Costs	5 037 000	1 643 000	841 000	859 000
Depreciation	112 000	72 000	69 000	82 000
Impairment	0	0	0	0
Expenditure	12 004 000	7 352 000	1 801 000	1 075 000
Operating Profit	1 183 000	824 000	−104 000	229 000
Financial Income	1 000	0	0	0
Financial Costs	59 000	31 000	47 000	76 000
Financial Balance	−58 000	−31 000	−47 000	−76 000
Dividends	0	0	0	0
Net Income	876 000	619 000	−119 000	119 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	158 000	158 000	158 000	914 000
Machinery and Plant Facilities	66 000	66 000	78 000	90 000
Fixtures	445 000	451 000	426 000	483 000
Total Tangible Assets	668 000	676 000	662 000	1 487 000
Total Fiancial Fixed Assets	930 000	930 000	930 000	930 000
Total Fixed Assets	1 598 000	1 606 000	1 592 000	2 417 000
Stock	209 000	239 000	0	0
Total Investments	0	0	0	0
Cash, Bank	1 136 000	550 000	459 000	54 000
Total Current Assets	4 071 000	1 240 000	600 000	455 000
Total Assets	5 669 000	2 846 000	2 193 000	2 872 000
Total Equity	1 148 000	722 000	973 000	1 093 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	315 000	362 000	383 000	1 239 000
Creditors	574 000	91 000	396 000	80 000
Unpaid Taxes	644 000	278 000	174 000	327 000
Dividends	0	0	0	0
Other Current Debt	2 014 000	1 266 000	266 000	118 000
Total Current Debt	4 206 000	1 762 000	837 000	541 000
Total Equity and Debt	5 669 000	2 846 000	2 193 000	2 872 000

Financial indicators	2022	2021	2020	2019
Return on Equity	76,31 %	85,73 %	−12,23 %	10,89 %
Debt-to-Equity Ratio	0,27	0,5	0,39	1,13
Operating Profit Margin	8,97 %	10,08 %	−6,13 %	17,56 %
Current Ratio	0,97	0,7	0,72	0,84
Quick Ratio	1,02	0,81	0,72	0,84
Equity Ratio	0,2	0,25	0,44	0,38
Gross Profit Margin	61,02 %	45,22 %	75,96 %	100 %