ARCTIC SHIPPING AS

0161 OSLO

Finances

Return on Equity

212,45 %

Current Ratio

1,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	54 890 000	34 376 000	30 533 000	38 034 000
Net Income	17 342 000	8 568 000	7 020 000	10 952 000
Total Assets	50 089 000	26 427 000	24 237 000	33 046 000
Total Equity	8 163 000	4 665 000	6 363 000	3 243 000

Income (NOK)	2022	2021	2020	2019
Revenue	54 890 000	34 376 000	30 533 000	38 034 000
Expenditure	34 203 000	23 882 000	22 152 000	23 544 000
Operating Profit	20 687 000	10 493 000	8 381 000	14 491 000
Financial Income	3 000 000	773 000	1 310 000	142 000
Financial Costs	1 099 000	194 000	626 000	360 000
Financial Balance	1 901 000	579 000	684 000	−218 000
Earnings Before Tax	22 588 000	11 072 000	9 064 000	14 273 000
Tax	5 246 000	2 504 000	2 045 000	3 321 000
Net Income	17 342 000	8 568 000	7 020 000	10 952 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 474 000	46 000	95 000	182 000
Total Current Assets	48 615 000	26 381 000	24 142 000	32 863 000
Total Assets	50 089 000	26 427 000	24 237 000	33 046 000
Total Retained Equity	8 010 000	4 516 000	6 208 000	3 089 000
Total Equity	8 163 000	4 665 000	6 363 000	3 243 000
Total Long-Term Debt	0	36 000	0	5 000 000
Total Current Debt	41 926 000	21 725 000	17 875 000	24 803 000
Total Equity and Debt	50 089 000	26 427 000	24 237 000	33 046 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	54 890 000	34 376 000	30 533 000	38 034 000
Other Income	0	0	0	0
Revenue	54 890 000	34 376 000	30 533 000	38 034 000
Cost of Goods Sold	0	0	0	0
Salary Costs	27 702 000	18 695 000	15 984 000	18 793 000
Depreciation	31 000	76 000	89 000	123 000
Impairment	0	0	0	0
Expenditure	34 203 000	23 882 000	22 152 000	23 544 000
Operating Profit	20 687 000	10 493 000	8 381 000	14 491 000
Financial Income	3 000 000	773 000	1 310 000	142 000
Financial Costs	1 099 000	194 000	626 000	360 000
Financial Balance	1 901 000	579 000	684 000	−218 000
Dividends	14 925 000	8 540 000	6 900 000	10 050 000
Net Income	17 342 000	8 568 000	7 020 000	10 952 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 000	0	7 000	5 000
Real Eastate	44 000	8 000	46 000	95 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	48 000	38 000	42 000	83 000
Total Tangible Assets	92 000	46 000	88 000	177 000
Total Fiancial Fixed Assets	1 375 000	0	0	0
Total Fixed Assets	1 474 000	46 000	95 000	182 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	22 366 000	19 184 000	13 125 000	9 567 000
Total Current Assets	48 615 000	26 381 000	24 142 000	32 863 000
Total Assets	50 089 000	26 427 000	24 237 000	33 046 000
Total Equity	8 163 000	4 665 000	6 363 000	3 243 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	36 000	0	5 000 000
Creditors	51 000	69 000	42 000	93 000
Unpaid Taxes	1 901 000	823 000	962 000	751 000
Dividends	14 925 000	8 540 000	6 900 000	10 050 000
Other Current Debt	19 761 000	9 833 000	7 924 000	10 580 000
Total Current Debt	41 926 000	21 725 000	17 875 000	24 803 000
Total Equity and Debt	50 089 000	26 427 000	24 237 000	33 046 000

Financial indicators	2022	2021	2020	2019
Return on Equity	212,45 %	183,67 %	110,33 %	337,71 %
Debt-to-Equity Ratio	0	0,01	0	1,54
Operating Profit Margin	37,69 %	30,52 %	27,45 %	38,1 %
Current Ratio	1,16	1,21	1,35	1,32
Quick Ratio	1,16	1,21	1,35	1,32
Equity Ratio	0,16	0,18	0,26	0,1
Gross Profit Margin	100 %	100 %	100 %	100 %