ÅRSKOG SERVICE AS

5419 FITJAR

Finances

Share Ownership

Return on Equity

−11,27 %

Current Ratio

0,83

Debt-to-Equity Ratio

−4,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 394 000	1 957 000	1 355 000	933 000
Net Income	31 000	30 000	79 000	−17 000
Total Assets	1 282 000	1 195 000	1 394 000	1 170 000
Total Equity	−275 000	−306 000	−336 000	−415 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 394 000	1 957 000	1 355 000	933 000
Expenditure	2 294 000	1 861 000	1 221 000	887 000
Operating Profit	100 000	95 000	135 000	46 000
Financial Income	2 000	2 000	3 000	0
Financial Costs	71 000	66 000	59 000	63 000
Financial Balance	−69 000	−64 000	−56 000	−63 000
Earnings Before Tax	31 000	31 000	79 000	−17 000
Tax	0	1 000	0	0
Net Income	31 000	30 000	79 000	−17 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	980 000	980 000	980 000	1 026 000
Total Current Assets	303 000	215 000	414 000	144 000
Total Assets	1 282 000	1 195 000	1 394 000	1 170 000
Total Retained Equity	−305 000	−336 000	−366 000	−445 000
Total Equity	−275 000	−306 000	−336 000	−415 000
Total Long-Term Debt	1 190 000	976 000	1 129 000	1 099 000
Total Current Debt	367 000	525 000	601 000	486 000
Total Equity and Debt	1 282 000	1 195 000	1 394 000	1 170 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 387 000	1 937 000	1 304 000	908 000
Other Income	7 000	20 000	51 000	25 000
Revenue	2 394 000	1 957 000	1 355 000	933 000
Cost of Goods Sold	872 000	1 057 000	515 000	352 000
Salary Costs	1 009 000	480 000	156 000	2 000
Depreciation	0	0	47 000	66 000
Impairment	0	0	0	0
Expenditure	2 294 000	1 861 000	1 221 000	887 000
Operating Profit	100 000	95 000	135 000	46 000
Financial Income	2 000	2 000	3 000	0
Financial Costs	71 000	66 000	59 000	63 000
Financial Balance	−69 000	−64 000	−56 000	−63 000
Dividends	0	0	0	0
Net Income	31 000	30 000	79 000	−17 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	980 000	980 000	980 000	1 026 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	980 000	980 000	980 000	1 026 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	980 000	980 000	980 000	1 026 000
Stock	155 000	53 000	97 000	24 000
Total Investments	0	0	0	0
Cash, Bank	147 000	142 000	206 000	107 000
Total Current Assets	303 000	215 000	414 000	144 000
Total Assets	1 282 000	1 195 000	1 394 000	1 170 000
Total Equity	−275 000	−306 000	−336 000	−415 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 190 000	976 000	1 129 000	1 099 000
Creditors	5 000	26 000	63 000	13 000
Unpaid Taxes	116 000	142 000	45 000	21 000
Dividends	0	0	0	0
Other Current Debt	246 000	356 000	493 000	452 000
Total Current Debt	367 000	525 000	601 000	486 000
Total Equity and Debt	1 282 000	1 195 000	1 394 000	1 170 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,27 %	−9,8 %	−23,51 %	4,1 %
Debt-to-Equity Ratio	−4,33	−3,19	−3,36	−2,65
Operating Profit Margin	4,18 %	4,85 %	9,96 %	4,93 %
Current Ratio	0,83	0,41	0,69	0,3
Quick Ratio	1,43	0,46	0,82	0,31
Equity Ratio	−0,21	−0,26	−0,24	−0,35
Gross Profit Margin	63,58 %	45,99 %	61,99 %	62,27 %