ARCTIC BUILDERS AS

9008 TROMSØ

Finances

Return on Equity

−2,55 %

Current Ratio

2,97

Debt-to-Equity Ratio

1,6

Key figures (NOK)	2022	2021	2020	2019
Revenue	600 000	520 000	1 379 000	0
Net Income	−175 000	53 000	968 000	−262 000
Total Assets	18 681 000	19 289 000	18 771 000	30 516 000
Total Equity	6 864 000	7 040 000	6 987 000	6 019 000

Income (NOK)	2022	2021	2020	2019
Revenue	600 000	520 000	1 379 000	0
Expenditure	517 000	446 000	516 000	331 000
Operating Profit	83 000	74 000	863 000	−331 000
Financial Income	0	153 000	816 000	0
Financial Costs	308 000	201 000	669 000	116 000
Financial Balance	−308 000	−48 000	147 000	−116 000
Earnings Before Tax	−225 000	26 000	1 011 000	−447 000
Tax	−49 000	−27 000	43 000	−186 000
Net Income	−175 000	53 000	968 000	−262 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 290 000	16 650 000	16 220 000	28 304 000
Total Current Assets	2 391 000	2 639 000	2 551 000	2 213 000
Total Assets	18 681 000	19 289 000	18 771 000	30 516 000
Total Retained Equity	−947 000	−771 000	−825 000	−1 793 000
Total Equity	6 864 000	7 040 000	6 987 000	6 019 000
Total Long-Term Debt	11 011 000	11 486 000	11 628 000	24 418 000
Total Current Debt	806 000	763 000	157 000	80 000
Total Equity and Debt	18 681 000	19 289 000	18 771 000	30 516 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	600 000	520 000	400 000	0
Other Income	0	0	979 000	0
Revenue	600 000	520 000	1 379 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	393 000	346 000	0	0
Impairment	0	0	0	0
Expenditure	517 000	446 000	516 000	331 000
Operating Profit	83 000	74 000	863 000	−331 000
Financial Income	0	153 000	816 000	0
Financial Costs	308 000	201 000	669 000	116 000
Financial Balance	−308 000	−48 000	147 000	−116 000
Dividends	0	0	0	0
Net Income	−175 000	53 000	968 000	−262 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	34 000	0	0	0
Real Eastate	10 257 000	10 650 000	10 220 000	22 304 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	10 257 000	10 650 000	10 220 000	22 304 000
Total Fiancial Fixed Assets	6 000 000	6 000 000	6 000 000	6 000 000
Total Fixed Assets	16 290 000	16 650 000	16 220 000	28 304 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	256 000	317 000	371 000	10 000
Total Current Assets	2 391 000	2 639 000	2 551 000	2 213 000
Total Assets	18 681 000	19 289 000	18 771 000	30 516 000
Total Equity	6 864 000	7 040 000	6 987 000	6 019 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 011 000	11 486 000	11 628 000	24 418 000
Creditors	631 000	631 000	0	0
Unpaid Taxes	23 000	25 000	17 000	0
Dividends	0	0	0	0
Other Current Debt	152 000	107 000	140 000	80 000
Total Current Debt	806 000	763 000	157 000	80 000
Total Equity and Debt	18 681 000	19 289 000	18 771 000	30 516 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,55 %	0,75 %	13,85 %	−4,35 %
Debt-to-Equity Ratio	1,6	1,63	1,66	4,06
Operating Profit Margin	13,83 %	14,23 %	62,58 %	-
Current Ratio	2,97	3,46	16,25	27,66
Quick Ratio	2,97	3,46	16,25	27,66
Equity Ratio	0,37	0,36	0,37	0,2
Gross Profit Margin	100 %	100 %	100 %	-