ARCTIC EDGE AS

9170 LONGYEARBYEN

Finances

Share Ownership

Return on Equity

23,23 %

Current Ratio

2,1

Debt-to-Equity Ratio

1,99

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 893 000	1 860 000	1 697 000	3 476 000
Net Income	92 000	−410 000	158 000	−211 000
Total Assets	2 080 000	788 000	1 057 000	964 000
Total Equity	396 000	304 000	714 000	556 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 893 000	1 860 000	1 697 000	3 476 000
Expenditure	4 768 000	2 264 000	1 507 000	3 724 000
Operating Profit	125 000	−405 000	189 000	−248 000
Financial Income	−5 000	3 000	17 000	10 000
Financial Costs	17 000	11 000	0	8 000
Financial Balance	−22 000	−8 000	17 000	2 000
Earnings Before Tax	102 000	−413 000	206 000	−246 000
Tax	10 000	−3 000	30 000	−35 000
Net Income	92 000	−410 000	158 000	−211 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	204 000	98 000	45 000	79 000
Total Current Assets	1 876 000	690 000	1 012 000	884 000
Total Assets	2 080 000	788 000	1 057 000	964 000
Total Retained Equity	366 000	274 000	684 000	526 000
Total Equity	396 000	304 000	714 000	556 000
Total Long-Term Debt	789 000	342 000	0	0
Total Current Debt	895 000	143 000	343 000	407 000
Total Equity and Debt	2 080 000	788 000	1 057 000	964 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 893 000	1 860 000	1 697 000	3 476 000
Other Income	0	0	0	0
Revenue	4 893 000	1 860 000	1 697 000	3 476 000
Cost of Goods Sold	2 585 000	1 063 000	942 000	1 855 000
Salary Costs	1 499 000	728 000	402 000	1 681 000
Depreciation	9 000	20 000	4 000	2 000
Impairment	0	0	0	0
Expenditure	4 768 000	2 264 000	1 507 000	3 724 000
Operating Profit	125 000	−405 000	189 000	−248 000
Financial Income	−5 000	3 000	17 000	10 000
Financial Costs	17 000	11 000	0	8 000
Financial Balance	−22 000	−8 000	17 000	2 000
Dividends	0	0	0	0
Net Income	92 000	−410 000	158 000	−211 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	10 000	7 000	37 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	29 000	37 000	14 000	18 000
Total Tangible Assets	29 000	37 000	14 000	18 000
Total Fiancial Fixed Assets	175 000	50 000	24 000	24 000
Total Fixed Assets	204 000	98 000	45 000	79 000
Stock	203 000	36 000	82 000	63 000
Total Investments	0	0	0	0
Cash, Bank	1 607 000	534 000	906 000	799 000
Total Current Assets	1 876 000	690 000	1 012 000	884 000
Total Assets	2 080 000	788 000	1 057 000	964 000
Total Equity	396 000	304 000	714 000	556 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	789 000	342 000	0	0
Creditors	8 000	28 000	5 000	1 000
Unpaid Taxes	319 000	42 000	86 000	11 000
Dividends	0	0	0	0
Other Current Debt	568 000	72 000	252 000	396 000
Total Current Debt	895 000	143 000	343 000	407 000
Total Equity and Debt	2 080 000	788 000	1 057 000	964 000

Financial indicators	2022	2021	2020	2019
Return on Equity	23,23 %	−134,87 %	22,13 %	−37,95 %
Debt-to-Equity Ratio	1,99	1,13	0	0
Operating Profit Margin	2,55 %	−21,77 %	11,14 %	−7,13 %
Current Ratio	2,1	4,83	2,95	2,17
Quick Ratio	2,71	6,45	3,88	2,57
Equity Ratio	0,19	0,39	0,68	0,58
Gross Profit Margin	47,17 %	42,85 %	44,49 %	46,63 %