ARCTIC RESORT AS

9012 TROMSØ

Finances

Return on Equity

−26,04 %

Current Ratio

0,67

Debt-to-Equity Ratio

−0,99

Key figures (NOK)	2022	2021	2020	2019
Revenue	366 000	112 000	0	99 000
Net Income	263 000	−1 651 000	−428 000	−13 000
Total Assets	255 000	166 000	914 000	1 759 000
Total Equity	−1 010 000	−1 273 000	320 000	964 000

Income (NOK)	2022	2021	2020	2019
Revenue	366 000	112 000	0	99 000
Expenditure	87 000	191 000	396 000	74 000
Operating Profit	279 000	−79 000	−396 000	25 000
Financial Income	0	0	0	0
Financial Costs	16 000	1 572 000	32 000	38 000
Financial Balance	−16 000	−1 572 000	−32 000	−38 000
Earnings Before Tax	263 000	−1 651 000	−428 000	−13 000
Tax	0	0	0	0
Net Income	263 000	−1 651 000	−428 000	−13 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	77 000	86 000	95 000	389 000
Total Current Assets	178 000	80 000	819 000	1 370 000
Total Assets	255 000	166 000	914 000	1 759 000
Total Retained Equity	−1 110 000	−1 373 000	220 000	864 000
Total Equity	−1 010 000	−1 273 000	320 000	964 000
Total Long-Term Debt	1 000 000	1 238 000	−161 000	−78 000
Total Current Debt	265 000	200 000	755 000	872 000
Total Equity and Debt	255 000	166 000	914 000	1 759 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	366 000	112 000	0	0
Other Income	0	0	0	99 000
Revenue	366 000	112 000	0	99 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	9 000	9 000	175 000	0
Impairment	0	0	169 000	0
Expenditure	87 000	191 000	396 000	74 000
Operating Profit	279 000	−79 000	−396 000	25 000
Financial Income	0	0	0	0
Financial Costs	16 000	1 572 000	32 000	38 000
Financial Balance	−16 000	−1 572 000	−32 000	−38 000
Dividends	0	0	0	0
Net Income	263 000	−1 651 000	−428 000	−13 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	300 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	27 000	36 000	45 000	90 000
Total Tangible Assets	27 000	36 000	45 000	389 000
Total Fiancial Fixed Assets	50 000	50 000	50 000	0
Total Fixed Assets	77 000	86 000	95 000	389 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	92 000	62 000	378 000	585 000
Total Current Assets	178 000	80 000	819 000	1 370 000
Total Assets	255 000	166 000	914 000	1 759 000
Total Equity	−1 010 000	−1 273 000	320 000	964 000
Short-Term Group Debt	0	0	1 000 000	1 000 000
Total Long-Term Debt	1 000 000	1 238 000	−161 000	−78 000
Creditors	1 000	0	12 000	−18 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	264 000	200 000	−257 000	−110 000
Total Current Debt	265 000	200 000	755 000	872 000
Total Equity and Debt	255 000	166 000	914 000	1 759 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−26,04 %	129,69 %	−133,75 %	−1,35 %
Debt-to-Equity Ratio	−0,99	−0,97	−0,5	−0,08
Operating Profit Margin	76,23 %	−70,54 %	-	25,25 %
Current Ratio	0,67	0,4	1,08	1,57
Quick Ratio	0,67	0,4	1,08	1,57
Equity Ratio	−3,96	−7,67	0,35	0,55
Gross Profit Margin	100 %	100 %	-	100 %