ARTEMIS ATHENE AS

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

116,4 %

Current Ratio

2,89

Debt-to-Equity Ratio

4,32

Key figures (NOK)	2022	2021	2020	2019
Revenue	76 219 000	8 327 000	2 798 000	92 436 000
Net Income	16 165 000	−29 357 000	−8 702 000	−18 588 000
Total Assets	107 037 000	88 849 000	75 397 000	93 340 000
Total Equity	13 888 000	−2 277 000	25 480 000	34 182 000

Income (NOK)	2022	2021	2020	2019
Revenue	76 219 000	8 327 000	2 798 000	92 436 000
Expenditure	61 366 000	35 486 000	12 493 000	110 812 000
Operating Profit	14 853 000	−27 159 000	−9 696 000	−18 376 000
Financial Income	4 209 000	63 000	4 558 000	4 786 000
Financial Costs	2 896 000	2 261 000	3 564 000	4 997 000
Financial Balance	1 313 000	−2 198 000	994 000	−211 000
Earnings Before Tax	16 165 000	−29 357 000	−8 702 000	−18 588 000
Tax	0	0	0	0
Net Income	16 165 000	−29 357 000	−8 702 000	−18 588 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 250 000	13 378 000	8 750 000	10 000 000
Total Current Assets	95 787 000	75 472 000	66 647 000	83 340 000
Total Assets	107 037 000	88 849 000	75 397 000	93 340 000
Total Retained Equity	−34 890 000	−51 056 000	−23 298 000	−14 596 000
Total Equity	13 888 000	−2 277 000	25 480 000	34 182 000
Total Long-Term Debt	60 048 000	60 060 000	47 825 000	50 844 000
Total Current Debt	33 101 000	31 067 000	2 092 000	8 314 000
Total Equity and Debt	107 037 000	88 849 000	75 397 000	93 340 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	76 219 000	7 451 000	6 771 000	82 605 000
Other Income	0	877 000	−3 974 000	9 832 000
Revenue	76 219 000	8 327 000	2 798 000	92 436 000
Cost of Goods Sold	0	692 000	9 000	1 141 000
Salary Costs	23 064 000	5 016 000	3 468 000	29 074 000
Depreciation	2 128 000	2 950 000	1 250 000	37 990 000
Impairment	0	0	0	0
Expenditure	61 366 000	35 486 000	12 493 000	110 812 000
Operating Profit	14 853 000	−27 159 000	−9 696 000	−18 376 000
Financial Income	4 209 000	63 000	4 558 000	4 786 000
Financial Costs	2 896 000	2 261 000	3 564 000	4 997 000
Financial Balance	1 313 000	−2 198 000	994 000	−211 000
Dividends	0	0	0	0
Net Income	16 165 000	−29 357 000	−8 702 000	−18 588 000

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	3 400 000	3 728 000	0	0
Total Tangible Assets	11 250 000	13 378 000	8 750 000	10 000 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	11 250 000	13 378 000	8 750 000	10 000 000
Stock	4 887 000	3 401 000	0	4 000
Total Investments	0	0	0	0
Cash, Bank	401 000	1 135 000	2 461 000	13 055 000
Total Current Assets	95 787 000	75 472 000	66 647 000	83 340 000
Total Assets	107 037 000	88 849 000	75 397 000	93 340 000
Total Equity	13 888 000	−2 277 000	25 480 000	34 182 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	60 048 000	60 060 000	47 825 000	50 844 000
Creditors	7 711 000	25 262 000	1 978 000	6 921 000
Unpaid Taxes	188 000	122 000	−24 000	915 000
Dividends	0	0	0	0
Other Current Debt	25 187 000	5 668 000	120 000	455 000
Total Current Debt	33 101 000	31 067 000	2 092 000	8 314 000
Total Equity and Debt	107 037 000	88 849 000	75 397 000	93 340 000

Financial indicators	2022	2021	2020	2019
Return on Equity	116,4 %	1 289,28 %	−34,15 %	−54,38 %
Debt-to-Equity Ratio	4,32	−26,38	1,88	1,49
Operating Profit Margin	19,49 %	−326,16 %	−346,53 %	−19,88 %
Current Ratio	2,89	2,43	31,86	10,02
Quick Ratio	3,4	2,73	31,86	10,03
Equity Ratio	0,13	−0,03	0,34	0,37
Gross Profit Margin	100 %	91,69 %	99,68 %	98,77 %