ARGES AS

9513 ALTA

Finances

Share Ownership

Return on Equity

61,59 %

Current Ratio

1,56

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	56 528 000	46 896 000	25 894 000	24 127 000
Net Income	5 510 000	3 776 000	1 192 000	331 000
Total Assets	21 336 000	20 758 000	13 573 000	14 304 000
Total Equity	8 946 000	5 535 000	3 880 000	1 188 000

Income (NOK)	2022	2021	2020	2019
Revenue	56 528 000	46 896 000	25 894 000	24 127 000
Expenditure	49 173 000	42 075 000	23 919 000	23 243 000
Operating Profit	7 355 000	4 822 000	1 974 000	883 000
Financial Income	357 000	176 000	200 000	49 000
Financial Costs	648 000	472 000	646 000	508 000
Financial Balance	−291 000	−296 000	−446 000	−459 000
Earnings Before Tax	7 064 000	4 525 000	1 528 000	424 000
Tax	1 554 000	749 000	336 000	94 000
Net Income	5 510 000	3 776 000	1 192 000	331 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 786 000	6 761 000	8 030 000	9 169 000
Total Current Assets	16 549 000	13 997 000	5 543 000	5 135 000
Total Assets	21 336 000	20 758 000	13 573 000	14 304 000
Total Retained Equity	4 706 000	1 296 000	−360 000	−1 551 000
Total Equity	8 946 000	5 535 000	3 880 000	1 188 000
Total Long-Term Debt	1 813 000	5 066 000	6 368 000	9 265 000
Total Current Debt	10 577 000	10 156 000	3 324 000	3 851 000
Total Equity and Debt	21 336 000	20 758 000	13 573 000	14 304 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	55 942 000	46 310 000	25 308 000	23 781 000
Other Income	587 000	586 000	586 000	346 000
Revenue	56 528 000	46 896 000	25 894 000	24 127 000
Cost of Goods Sold	35 028 000	29 694 000	11 576 000	11 078 000
Salary Costs	8 672 000	7 601 000	5 131 000	5 191 000
Depreciation	1 411 000	1 373 000	1 365 000	960 000
Impairment	0	0	0	0
Expenditure	49 173 000	42 075 000	23 919 000	23 243 000
Operating Profit	7 355 000	4 822 000	1 974 000	883 000
Financial Income	357 000	176 000	200 000	49 000
Financial Costs	648 000	472 000	646 000	508 000
Financial Balance	−291 000	−296 000	−446 000	−459 000
Dividends	2 100 000	1 000 000	0	0
Net Income	5 510 000	3 776 000	1 192 000	331 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	21 000	0	134 000	470 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	4 626 000	6 037 000	7 179 000	8 272 000
Fixtures	0	0	0	272 000
Total Tangible Assets	4 626 000	6 037 000	7 179 000	8 544 000
Total Fiancial Fixed Assets	140 000	725 000	716 000	154 000
Total Fixed Assets	4 786 000	6 761 000	8 030 000	9 169 000
Stock	2 901 000	3 114 000	2 361 000	2 056 000
Total Investments	0	0	0	0
Cash, Bank	10 400 000	2 931 000	118 000	175 000
Total Current Assets	16 549 000	13 997 000	5 543 000	5 135 000
Total Assets	21 336 000	20 758 000	13 573 000	14 304 000
Total Equity	8 946 000	5 535 000	3 880 000	1 188 000
Short-Term Group Debt	0	1 121 000	0	0
Total Long-Term Debt	1 813 000	5 066 000	6 368 000	9 265 000
Creditors	3 218 000	3 751 000	1 176 000	855 000
Unpaid Taxes	937 000	1 144 000	460 000	372 000
Dividends	2 100 000	1 000 000	0	0
Other Current Debt	2 652 000	2 621 000	1 165 000	948 000
Total Current Debt	10 577 000	10 156 000	3 324 000	3 851 000
Total Equity and Debt	21 336 000	20 758 000	13 573 000	14 304 000

Financial indicators	2022	2021	2020	2019
Return on Equity	61,59 %	68,22 %	30,72 %	27,86 %
Debt-to-Equity Ratio	0,2	0,92	1,64	7,8
Operating Profit Margin	13,01 %	10,28 %	7,62 %	3,66 %
Current Ratio	1,56	1,38	1,67	1,33
Quick Ratio	2,16	1,99	5,76	2,86
Equity Ratio	0,42	0,27	0,29	0,08
Gross Profit Margin	38,03 %	36,68 %	55,29 %	54,08 %