ARCTIC BIL AS

8515 NARVIK

Finances

Share Ownership

Return on Equity

742,68 %

Current Ratio

1,38

Debt-to-Equity Ratio

−36,93

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 980 000	2 192 000	819 000	1 956 000
Net Income	−609 000	1 065 000	−393 000	209 000
Total Assets	3 424 000	1 754 000	1 161 000	1 460 000
Total Equity	−82 000	527 000	−538 000	−145 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 980 000	2 192 000	819 000	1 956 000
Expenditure	2 485 000	949 000	1 166 000	1 706 000
Operating Profit	−504 000	1 241 000	−346 000	251 000
Financial Income	0	0	0	−1 000
Financial Costs	114 000	34 000	47 000	40 000
Financial Balance	−114 000	−34 000	−47 000	−41 000
Earnings Before Tax	−618 000	1 207 000	−393 000	209 000
Tax	−9 000	142 000	0	0
Net Income	−609 000	1 065 000	−393 000	209 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 766 000	688 000	742 000	752 000
Total Current Assets	658 000	1 066 000	419 000	709 000
Total Assets	3 424 000	1 754 000	1 161 000	1 460 000
Total Retained Equity	−112 000	497 000	−568 000	−175 000
Total Equity	−82 000	527 000	−538 000	−145 000
Total Long-Term Debt	3 028 000	884 000	814 000	808 000
Total Current Debt	478 000	343 000	885 000	797 000
Total Equity and Debt	3 424 000	1 754 000	1 161 000	1 460 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 806 000	1 746 000	713 000	1 956 000
Other Income	174 000	446 000	106 000	0
Revenue	1 980 000	2 192 000	819 000	1 956 000
Cost of Goods Sold	206 000	213 000	146 000	287 000
Salary Costs	513 000	46 000	0	1 000
Depreciation	354 000	101 000	188 000	150 000
Impairment	0	0	0	0
Expenditure	2 485 000	949 000	1 166 000	1 706 000
Operating Profit	−504 000	1 241 000	−346 000	251 000
Financial Income	0	0	0	−1 000
Financial Costs	114 000	34 000	47 000	40 000
Financial Balance	−114 000	−34 000	−47 000	−41 000
Dividends	0	0	0	0
Net Income	−609 000	1 065 000	−393 000	209 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 766 000	688 000	742 000	752 000
Total Tangible Assets	2 766 000	688 000	742 000	752 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 766 000	688 000	742 000	752 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	15 000	579 000	3 000	225 000
Total Current Assets	658 000	1 066 000	419 000	709 000
Total Assets	3 424 000	1 754 000	1 161 000	1 460 000
Total Equity	−82 000	527 000	−538 000	−145 000
Short-Term Group Debt	170 000	0	0	0
Total Long-Term Debt	3 028 000	884 000	814 000	808 000
Creditors	252 000	110 000	885 000	798 000
Unpaid Taxes	15 000	96 000	0	−1 000
Dividends	0	0	0	0
Other Current Debt	40 000	4 000	0	0
Total Current Debt	478 000	343 000	885 000	797 000
Total Equity and Debt	3 424 000	1 754 000	1 161 000	1 460 000

Financial indicators	2022	2021	2020	2019
Return on Equity	742,68 %	202,09 %	73,05 %	−144,14 %
Debt-to-Equity Ratio	−36,93	1,68	−1,51	−5,57
Operating Profit Margin	−25,45 %	56,61 %	−42,25 %	12,83 %
Current Ratio	1,38	3,11	0,47	0,89
Quick Ratio	1,38	3,11	0,47	0,89
Equity Ratio	−0,02	0,3	−0,46	−0,1
Gross Profit Margin	89,6 %	90,28 %	82,17 %	85,33 %