ARTEK AS

9600 HAMMERFEST

Finances

Return on Equity

72,26 %

Current Ratio

1,9

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 654 000	2 825 000	2 268 000	2 180 000
Net Income	435 000	−107 000	106 000	−211 000
Total Assets	1 266 000	808 000	871 000	927 000
Total Equity	602 000	167 000	274 000	168 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 654 000	2 825 000	2 268 000	2 180 000
Expenditure	3 144 000	2 930 000	2 154 000	2 391 000
Operating Profit	509 000	−104 000	114 000	−211 000
Financial Income	0	0	0	0
Financial Costs	17 000	3 000	8 000	0
Financial Balance	−17 000	−3 000	−8 000	0
Earnings Before Tax	493 000	−107 000	106 000	−211 000
Tax	57 000	0	0	0
Net Income	435 000	−107 000	106 000	−211 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 000	5 000	13 000	21 000
Total Current Assets	1 261 000	803 000	858 000	906 000
Total Assets	1 266 000	808 000	871 000	927 000
Total Retained Equity	464 000	29 000	136 000	30 000
Total Equity	602 000	167 000	274 000	168 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	663 000	641 000	597 000	760 000
Total Equity and Debt	1 266 000	808 000	871 000	927 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 653 000	2 825 000	2 265 000	2 180 000
Other Income	0	0	3 000	0
Revenue	3 654 000	2 825 000	2 268 000	2 180 000
Cost of Goods Sold	1 930 000	1 837 000	1 371 000	1 387 000
Salary Costs	833 000	753 000	551 000	571 000
Depreciation	0	8 000	8 000	8 000
Impairment	0	0	0	0
Expenditure	3 144 000	2 930 000	2 154 000	2 391 000
Operating Profit	509 000	−104 000	114 000	−211 000
Financial Income	0	0	0	0
Financial Costs	17 000	3 000	8 000	0
Financial Balance	−17 000	−3 000	−8 000	0
Dividends	0	0	0	0
Net Income	435 000	−107 000	106 000	−211 000

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	0	0	8 000	16 000
Total Tangible Assets	0	0	8 000	16 000
Total Fiancial Fixed Assets	5 000	5 000	5 000	5 000
Total Fixed Assets	5 000	5 000	13 000	21 000
Stock	1 286 000	832 000	758 000	747 000
Total Investments	0	0	0	0
Cash, Bank	−57 000	−38 000	89 000	159 000
Total Current Assets	1 261 000	803 000	858 000	906 000
Total Assets	1 266 000	808 000	871 000	927 000
Total Equity	602 000	167 000	274 000	168 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	6 000	147 000	73 000	267 000
Unpaid Taxes	202 000	104 000	125 000	103 000
Dividends	0	0	0	0
Other Current Debt	398 000	389 000	399 000	389 000
Total Current Debt	663 000	641 000	597 000	760 000
Total Equity and Debt	1 266 000	808 000	871 000	927 000

Financial indicators	2022	2021	2020	2019
Return on Equity	72,26 %	−64,07 %	38,69 %	−125,6 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,93 %	−3,68 %	5,03 %	−9,68 %
Current Ratio	1,9	1,25	1,44	1,19
Quick Ratio	−2,02	−4,2	−5,33	69,69
Equity Ratio	0,48	0,21	0,31	0,18
Gross Profit Margin	47,18 %	34,97 %	39,55 %	36,38 %