ARCTIC MASKINSERVICE AS

8370 LEKNES

Finances

Share Ownership

Return on Equity

13,78 %

Current Ratio

1,45

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020
Revenue	1 648 000	1 467 000	976 000
Net Income	43 000	92 000	69 000
Total Assets	932 000	554 000	461 000
Total Equity	312 000	283 000	233 000

Income (NOK)	2022	2021	2020
Revenue	1 648 000	1 467 000	976 000
Expenditure	1 577 000	1 345 000	883 000
Operating Profit	71 000	123 000	93 000
Financial Income	0	0	0
Financial Costs	13 000	6 000	7 000
Financial Balance	−13 000	−6 000	−7 000
Earnings Before Tax	58 000	118 000	86 000
Tax	15 000	26 000	18 000
Net Income	43 000	92 000	69 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	108 000	148 000	167 000
Total Current Assets	824 000	406 000	294 000
Total Assets	932 000	554 000	461 000
Total Retained Equity	148 000	118 000	69 000
Total Equity	312 000	283 000	233 000
Total Long-Term Debt	51 000	82 000	105 000
Total Current Debt	569 000	190 000	122 000
Total Equity and Debt	932 000	554 000	461 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 648 000	1 467 000	976 000
Other Income	0	0	0
Revenue	1 648 000	1 467 000	976 000
Cost of Goods Sold	512 000	379 000	284 000
Salary Costs	514 000	521 000	386 000
Depreciation	40 000	37 000	16 000
Impairment	0	0	0
Expenditure	1 577 000	1 345 000	883 000
Operating Profit	71 000	123 000	93 000
Financial Income	0	0	0
Financial Costs	13 000	6 000	7 000
Financial Balance	−13 000	−6 000	−7 000
Dividends	0	0	0
Net Income	43 000	92 000	69 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	69 000	0	0
Fixtures	39 000	148 000	167 000
Total Tangible Assets	108 000	148 000	167 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	108 000	148 000	167 000
Stock	144 000	85 000	34 000
Total Investments	0	0	0
Cash, Bank	515 000	240 000	215 000
Total Current Assets	824 000	406 000	294 000
Total Assets	932 000	554 000	461 000
Total Equity	312 000	283 000	233 000
Short-Term Group Debt	17 000	46 000	0
Total Long-Term Debt	51 000	82 000	105 000
Creditors	133 000	71 000	13 000
Unpaid Taxes	135 000	24 000	53 000
Dividends	0	0	0
Other Current Debt	265 000	27 000	46 000
Total Current Debt	569 000	190 000	122 000
Total Equity and Debt	932 000	554 000	461 000

Financial indicators	2022	2021	2020
Return on Equity	13,78 %	32,51 %	29,61 %
Debt-to-Equity Ratio	0,16	0,29	0,45
Operating Profit Margin	4,31 %	8,38 %	9,53 %
Current Ratio	1,45	2,14	2,41
Quick Ratio	1,94	3,87	3,34
Equity Ratio	0,33	0,51	0,51
Gross Profit Margin	68,93 %	74,16 %	70,9 %