ARTITEQ SKANDINAVIA AS

3140 NØTTERØY

Finances

Share Ownership

Return on Equity

2,2 %

Current Ratio

1,39

Debt-to-Equity Ratio

0,37

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 836 000	3 140 000	3 131 000	3 085 000
Net Income	19 000	17 000	−29 000	104 000
Total Assets	3 673 000	4 108 000	4 148 000	4 126 000
Total Equity	865 000	915 000	898 000	897 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 836 000	3 140 000	3 131 000	3 085 000
Expenditure	2 695 000	3 053 000	3 042 000	2 782 000
Operating Profit	141 000	88 000	89 000	303 000
Financial Income	9 000	20 000	14 000	0
Financial Costs	125 000	85 000	138 000	126 000
Financial Balance	−116 000	−65 000	−124 000	−126 000
Earnings Before Tax	25 000	23 000	−36 000	177 000
Tax	5 000	6 000	−7 000	73 000
Net Income	19 000	17 000	−29 000	104 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	223 000	329 000	647 000	730 000
Total Current Assets	3 450 000	3 779 000	3 501 000	3 396 000
Total Assets	3 673 000	4 108 000	4 148 000	4 126 000
Total Retained Equity	765 000	815 000	798 000	797 000
Total Equity	865 000	915 000	898 000	897 000
Total Long-Term Debt	322 000	537 000	825 000	808 000
Total Current Debt	2 486 000	2 656 000	2 425 000	2 422 000
Total Equity and Debt	3 673 000	4 108 000	4 148 000	4 126 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 836 000	2 840 000	2 954 000	2 977 000
Other Income	0	300 000	177 000	108 000
Revenue	2 836 000	3 140 000	3 131 000	3 085 000
Cost of Goods Sold	825 000	941 000	851 000	263 000
Salary Costs	516 000	863 000	1 081 000	1 193 000
Depreciation	106 000	175 000	182 000	138 000
Impairment	0	0	0	0
Expenditure	2 695 000	3 053 000	3 042 000	2 782 000
Operating Profit	141 000	88 000	89 000	303 000
Financial Income	9 000	20 000	14 000	0
Financial Costs	125 000	85 000	138 000	126 000
Financial Balance	−116 000	−65 000	−124 000	−126 000
Dividends	0	0	0	0
Net Income	19 000	17 000	−29 000	104 000

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	223 000	329 000	647 000	730 000
Total Tangible Assets	223 000	329 000	647 000	730 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	223 000	329 000	647 000	730 000
Stock	3 283 000	3 333 000	3 364 000	3 357 000
Total Investments	0	0	0	0
Cash, Bank	1 000	175 000	4 000	6 000
Total Current Assets	3 450 000	3 779 000	3 501 000	3 396 000
Total Assets	3 673 000	4 108 000	4 148 000	4 126 000
Total Equity	865 000	915 000	898 000	897 000
Short-Term Group Debt	51 000	0	0	0
Total Long-Term Debt	322 000	537 000	825 000	808 000
Creditors	230 000	395 000	264 000	669 000
Unpaid Taxes	179 000	727 000	707 000	205 000
Dividends	0	0	0	0
Other Current Debt	1 482 000	1 526 000	1 178 000	1 143 000
Total Current Debt	2 486 000	2 656 000	2 425 000	2 422 000
Total Equity and Debt	3 673 000	4 108 000	4 148 000	4 126 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,2 %	1,86 %	−3,23 %	11,59 %
Debt-to-Equity Ratio	0,37	0,59	0,92	0,9
Operating Profit Margin	4,97 %	2,8 %	2,84 %	9,82 %
Current Ratio	1,39	1,42	1,44	1,4
Quick Ratio	−4,33	−5,58	−3,73	−3,63
Equity Ratio	0,24	0,22	0,22	0,22
Gross Profit Margin	70,91 %	70,03 %	72,82 %	91,47 %