ARCTIC VENTURES AS

8275 STORJORD I TYSFJORD

Finances

Share Ownership

Return on Equity

6,1 %

Current Ratio

0,06

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 000	5 000	1 000	87 000
Net Income	−20 000	−8 000	−42 000	−53 000
Total Assets	33 000	22 000	46 000	54 000
Total Equity	−328 000	22 000	−295 000	−253 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 000	5 000	1 000	87 000
Expenditure	30 000	14 000	34 000	137 000
Operating Profit	−20 000	−8 000	−33 000	−51 000
Financial Income	0	0	0	0
Financial Costs	0	0	9 000	2 000
Financial Balance	0	0	−9 000	−2 000
Earnings Before Tax	−20 000	−8 000	−42 000	−53 000
Tax	0	0	0	0
Net Income	−20 000	−8 000	−42 000	−53 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 000	0	0	0
Total Current Assets	20 000	22 000	46 000	54 000
Total Assets	33 000	22 000	46 000	54 000
Total Retained Equity	−358 000	−8 000	−325 000	−283 000
Total Equity	−328 000	22 000	−295 000	−253 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	361 000	0	340 000	306 000
Total Equity and Debt	33 000	22 000	46 000	54 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 000	5 000	1 000	87 000
Other Income	0	0	0	0
Revenue	11 000	5 000	1 000	87 000
Cost of Goods Sold	0	0	0	33 000
Salary Costs	0	0	0	0
Depreciation	9 000	0	0	0
Impairment	0	0	0	0
Expenditure	30 000	14 000	34 000	137 000
Operating Profit	−20 000	−8 000	−33 000	−51 000
Financial Income	0	0	0	0
Financial Costs	0	0	9 000	2 000
Financial Balance	0	0	−9 000	−2 000
Dividends	0	0	0	0
Net Income	−20 000	−8 000	−42 000	−53 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 000	0	0	0
Total Tangible Assets	4 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	13 000	0	0	0
Stock	−1 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	22 000	1 000	3 000
Total Current Assets	20 000	22 000	46 000	54 000
Total Assets	33 000	22 000	46 000	54 000
Total Equity	−328 000	22 000	−295 000	−253 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	30 000	1 000	28 000	36 000
Unpaid Taxes	1 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	312 000	0	312 000	271 000
Total Current Debt	361 000	0	340 000	306 000
Total Equity and Debt	33 000	22 000	46 000	54 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,1 %	−36,36 %	14,24 %	20,95 %
Debt-to-Equity Ratio	−0	0	−0	−0
Operating Profit Margin	−181,82 %	−160 %	−3 300 %	−58,62 %
Current Ratio	0,06	-	0,14	0,18
Quick Ratio	0,06	-	0,14	0,18
Equity Ratio	−9,94	1	−6,41	−4,69
Gross Profit Margin	100 %	100 %	100 %	62,07 %