ARCTIC EXPLORER AS

9006 TROMSØ

Finances

Share Ownership

Return on Equity

97,28 %

Current Ratio

3,5

Debt-to-Equity Ratio

−2,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 241 000	7 551 000	6 357 000	22 435 000
Net Income	−23 744 000	−4 814 000	−5 363 000	−2 736 000
Total Assets	37 297 000	28 998 000	29 888 000	28 347 000
Total Equity	−24 407 000	−663 000	4 101 000	5 464 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 241 000	7 551 000	6 357 000	22 435 000
Expenditure	36 544 000	13 093 000	11 920 000	25 214 000
Operating Profit	−20 305 000	−5 541 000	−5 562 000	−2 780 000
Financial Income	44 000	4 000	68 000	6 000
Financial Costs	622 000	550 000	1 385 000	356 000
Financial Balance	−578 000	−546 000	−1 317 000	−350 000
Earnings Before Tax	−20 883 000	−6 088 000	−6 879 000	−3 131 000
Tax	2 861 000	−1 274 000	−1 516 000	−394 000
Net Income	−23 744 000	−4 814 000	−5 363 000	−2 736 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 837 000	10 831 000	10 516 000	10 978 000
Total Current Assets	30 460 000	18 167 000	19 372 000	17 369 000
Total Assets	37 297 000	28 998 000	29 888 000	28 347 000
Total Retained Equity	−25 440 000	−1 697 000	−929 000	4 434 000
Total Equity	−24 407 000	−663 000	4 101 000	5 464 000
Total Long-Term Debt	53 007 000	22 269 000	19 286 000	8 923 000
Total Current Debt	8 697 000	7 392 000	6 501 000	13 959 000
Total Equity and Debt	37 297 000	28 998 000	29 888 000	28 347 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 787 000	5 688 000	5 074 000	22 287 000
Other Income	454 000	1 863 000	1 283 000	148 000
Revenue	16 241 000	7 551 000	6 357 000	22 435 000
Cost of Goods Sold	3 587 000	368 000	278 000	2 836 000
Salary Costs	5 999 000	4 029 000	2 706 000	4 706 000
Depreciation	1 897 000	1 827 000	1 865 000	1 461 000
Impairment	0	0	0	0
Expenditure	36 544 000	13 093 000	11 920 000	25 214 000
Operating Profit	−20 305 000	−5 541 000	−5 562 000	−2 780 000
Financial Income	44 000	4 000	68 000	6 000
Financial Costs	622 000	550 000	1 385 000	356 000
Financial Balance	−578 000	−546 000	−1 317 000	−350 000
Dividends	0	0	0	0
Net Income	−23 744 000	−4 814 000	−5 363 000	−2 736 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	2 861 000	1 545 000	142 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 663 000	980 000	1 380 000	1 804 000
Total Tangible Assets	6 033 000	7 015 000	8 842 000	10 707 000
Total Fiancial Fixed Assets	805 000	955 000	130 000	130 000
Total Fixed Assets	6 837 000	10 831 000	10 516 000	10 978 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	326 000	277 000	197 000	628 000
Total Current Assets	30 460 000	18 167 000	19 372 000	17 369 000
Total Assets	37 297 000	28 998 000	29 888 000	28 347 000
Total Equity	−24 407 000	−663 000	4 101 000	5 464 000
Short-Term Group Debt	75 000	0	0	9 553 000
Total Long-Term Debt	53 007 000	22 269 000	19 286 000	8 923 000
Creditors	7 023 000	1 419 000	622 000	3 459 000
Unpaid Taxes	414 000	175 000	160 000	246 000
Dividends	0	0	0	0
Other Current Debt	1 185 000	1 112 000	840 000	702 000
Total Current Debt	8 697 000	7 392 000	6 501 000	13 959 000
Total Equity and Debt	37 297 000	28 998 000	29 888 000	28 347 000

Financial indicators	2022	2021	2020	2019
Return on Equity	97,28 %	726,09 %	−130,77 %	−50,07 %
Debt-to-Equity Ratio	−2,17	−33,59	4,7	1,63
Operating Profit Margin	−125,02 %	−73,38 %	−87,49 %	−12,39 %
Current Ratio	3,5	2,46	2,98	1,24
Quick Ratio	3,5	2,46	2,98	1,24
Equity Ratio	−0,65	−0,02	0,14	0,19
Gross Profit Margin	77,91 %	95,13 %	95,63 %	87,36 %