ARCTIC R&B AS

9405 HARSTAD

Finances

Return on Equity

1,35 %

Current Ratio

4,46

Debt-to-Equity Ratio

1,22

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 224 000	3 449 000	1 923 000	213 000
Net Income	128 000	1 459 000	2 412 000	314 000
Total Assets	21 889 000	33 159 000	14 945 000	4 148 000
Total Equity	9 455 000	5 278 000	3 820 000	1 407 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 224 000	3 449 000	1 923 000	213 000
Expenditure	5 537 000	3 171 000	2 321 000	52 000
Operating Profit	−1 313 000	278 000	−398 000	161 000
Financial Income	1 937 000	1 254 000	2 977 000	362 000
Financial Costs	496 000	1 000	226 000	119 000
Financial Balance	1 441 000	1 253 000	2 751 000	243 000
Earnings Before Tax	128 000	1 531 000	2 354 000	403 000
Tax	0	72 000	−59 000	89 000
Net Income	128 000	1 459 000	2 412 000	314 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 673 000	22 352 000	4 272 000	3 095 000
Total Current Assets	4 216 000	10 807 000	10 673 000	1 053 000
Total Assets	21 889 000	33 159 000	14 945 000	4 148 000
Total Retained Equity	−1 385 000	4 084 000	2 626 000	213 000
Total Equity	9 455 000	5 278 000	3 820 000	1 407 000
Total Long-Term Debt	11 490 000	25 703 000	10 341 000	2 167 000
Total Current Debt	945 000	2 177 000	785 000	573 000
Total Equity and Debt	21 889 000	33 159 000	14 945 000	4 148 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 897 000	3 465 000	1 748 000	213 000
Other Income	327 000	−17 000	175 000	0
Revenue	4 224 000	3 449 000	1 923 000	213 000
Cost of Goods Sold	198 000	305 000	362 000	0
Salary Costs	2 895 000	2 233 000	1 634 000	0
Depreciation	1 230 000	0	0	0
Impairment	0	0	0	0
Expenditure	5 537 000	3 171 000	2 321 000	52 000
Operating Profit	−1 313 000	278 000	−398 000	161 000
Financial Income	1 937 000	1 254 000	2 977 000	362 000
Financial Costs	496 000	1 000	226 000	119 000
Financial Balance	1 441 000	1 253 000	2 751 000	243 000
Dividends	0	0	0	0
Net Income	128 000	1 459 000	2 412 000	314 000

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	2 597 000	0	0	0
Total Tangible Assets	2 597 000	0	0	0
Total Fiancial Fixed Assets	15 076 000	22 352 000	4 272 000	3 095 000
Total Fixed Assets	17 673 000	22 352 000	4 272 000	3 095 000
Stock	369 000	0	0	0
Total Investments	0	0	0	629 000
Cash, Bank	2 011 000	9 443 000	2 150 000	286 000
Total Current Assets	4 216 000	10 807 000	10 673 000	1 053 000
Total Assets	21 889 000	33 159 000	14 945 000	4 148 000
Total Equity	9 455 000	5 278 000	3 820 000	1 407 000
Short-Term Group Debt	0	0	0	375 000
Total Long-Term Debt	11 490 000	25 703 000	10 341 000	2 167 000
Creditors	209 000	1 565 000	188 000	4 000
Unpaid Taxes	283 000	207 000	201 000	35 000
Dividends	0	0	0	0
Other Current Debt	452 000	334 000	395 000	100 000
Total Current Debt	945 000	2 177 000	785 000	573 000
Total Equity and Debt	21 889 000	33 159 000	14 945 000	4 148 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,35 %	27,64 %	63,14 %	22,32 %
Debt-to-Equity Ratio	1,22	4,87	2,71	1,54
Operating Profit Margin	−31,08 %	8,06 %	−20,7 %	75,59 %
Current Ratio	4,46	4,96	13,6	1,84
Quick Ratio	7,32	4,96	13,6	1,84
Equity Ratio	0,43	0,16	0,26	0,34
Gross Profit Margin	95,31 %	91,16 %	81,18 %	100 %