ARCTIC ELEKTRO AS

9750 HONNINGSVÅG

Finances

Return on Equity

9,4 %

Current Ratio

1,71

Debt-to-Equity Ratio

0,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 932 000	19 359 000	19 531 000	17 681 000
Net Income	341 000	620 000	490 000	256 000
Total Assets	8 567 000	8 037 000	8 343 000	8 385 000
Total Equity	3 627 000	3 287 000	2 667 000	2 177 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 932 000	19 359 000	19 531 000	17 681 000
Expenditure	17 386 000	18 532 000	18 766 000	17 172 000
Operating Profit	546 000	828 000	766 000	510 000
Financial Income	11 000	1 000	4 000	7 000
Financial Costs	112 000	84 000	107 000	136 000
Financial Balance	−101 000	−83 000	−103 000	−129 000
Earnings Before Tax	445 000	746 000	662 000	381 000
Tax	104 000	125 000	172 000	125 000
Net Income	341 000	620 000	490 000	256 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 819 000	3 736 000	3 748 000	3 654 000
Total Current Assets	4 747 000	4 302 000	4 595 000	4 731 000
Total Assets	8 567 000	8 037 000	8 343 000	8 385 000
Total Retained Equity	3 327 000	2 987 000	2 372 000	1 883 000
Total Equity	3 627 000	3 287 000	2 667 000	2 177 000
Total Long-Term Debt	2 156 000	1 944 000	2 252 000	2 646 000
Total Current Debt	2 783 000	2 806 000	3 424 000	3 562 000
Total Equity and Debt	8 567 000	8 037 000	8 343 000	8 385 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	17 932 000	19 328 000	19 531 000	17 681 000
Other Income	0	31 000	0	0
Revenue	17 932 000	19 359 000	19 531 000	17 681 000
Cost of Goods Sold	5 848 000	6 986 000	7 138 000	5 713 000
Salary Costs	8 734 000	8 707 000	8 657 000	8 722 000
Depreciation	51 000	51 000	31 000	63 000
Impairment	0	0	0	0
Expenditure	17 386 000	18 532 000	18 766 000	17 172 000
Operating Profit	546 000	828 000	766 000	510 000
Financial Income	11 000	1 000	4 000	7 000
Financial Costs	112 000	84 000	107 000	136 000
Financial Balance	−101 000	−83 000	−103 000	−129 000
Dividends	0	0	0	0
Net Income	341 000	620 000	490 000	256 000

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	125 000	124 000	86 000	47 000
Total Tangible Assets	125 000	124 000	86 000	47 000
Total Fiancial Fixed Assets	3 694 000	3 611 000	3 662 000	3 607 000
Total Fixed Assets	3 819 000	3 736 000	3 748 000	3 654 000
Stock	991 000	691 000	652 000	609 000
Total Investments	0	0	0	0
Cash, Bank	826 000	690 000	578 000	1 261 000
Total Current Assets	4 747 000	4 302 000	4 595 000	4 731 000
Total Assets	8 567 000	8 037 000	8 343 000	8 385 000
Total Equity	3 627 000	3 287 000	2 667 000	2 177 000
Short-Term Group Debt	195 000	0	125 000	20 000
Total Long-Term Debt	2 156 000	1 944 000	2 252 000	2 646 000
Creditors	532 000	748 000	815 000	612 000
Unpaid Taxes	1 006 000	919 000	1 012 000	1 057 000
Dividends	0	0	0	0
Other Current Debt	989 000	1 015 000	1 300 000	1 770 000
Total Current Debt	2 783 000	2 806 000	3 424 000	3 562 000
Total Equity and Debt	8 567 000	8 037 000	8 343 000	8 385 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,4 %	18,86 %	18,37 %	11,76 %
Debt-to-Equity Ratio	0,59	0,59	0,84	1,22
Operating Profit Margin	3,04 %	4,28 %	3,92 %	2,88 %
Current Ratio	1,71	1,53	1,34	1,33
Quick Ratio	2,65	2,03	1,66	1,6
Equity Ratio	0,42	0,41	0,32	0,26
Gross Profit Margin	67,39 %	63,91 %	63,45 %	67,69 %