ARCTIC WATERS AS

9950 VARDØ

Finances

Share Ownership

Return on Equity

111,04 %

Current Ratio

0,02

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	50 000	0	0	666 000
Net Income	−513 000	18 000	−126 000	508 000
Total Assets	3 532 000	51 000	1 979 000	2 060 000
Total Equity	−462 000	51 000	34 000	160 000

Income (NOK)	2022	2021	2020	2019
Revenue	50 000	0	0	666 000
Expenditure	563 000	7 000	30 000	13 000
Operating Profit	−513 000	−7 000	−30 000	653 000
Financial Income	0	30 000	0	65 000
Financial Costs	0	5 000	115 000	66 000
Financial Balance	0	25 000	−115 000	−1 000
Earnings Before Tax	−513 000	18 000	−145 000	651 000
Tax	0	0	−19 000	143 000
Net Income	−513 000	18 000	−126 000	508 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 445 000	25 000	0	0
Total Current Assets	87 000	26 000	1 979 000	2 060 000
Total Assets	3 532 000	51 000	1 979 000	2 060 000
Total Retained Equity	−1 179 000	−665 000	−683 000	−557 000
Total Equity	−462 000	51 000	34 000	160 000
Total Long-Term Debt	0	0	1 963 000	1 894 000
Total Current Debt	3 994 000	0	−17 000	6 000
Total Equity and Debt	3 532 000	51 000	1 979 000	2 060 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 000	0	0	200 000
Other Income	0	0	0	466 000
Revenue	50 000	0	0	666 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	380 000	0	0	0
Impairment	0	0	0	0
Expenditure	563 000	7 000	30 000	13 000
Operating Profit	−513 000	−7 000	−30 000	653 000
Financial Income	0	30 000	0	65 000
Financial Costs	0	5 000	115 000	66 000
Financial Balance	0	25 000	−115 000	−1 000
Dividends	0	0	0	0
Net Income	−513 000	18 000	−126 000	508 000

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	0	0	0	0
Total Tangible Assets	3 420 000	0	0	0
Total Fiancial Fixed Assets	25 000	25 000	0	0
Total Fixed Assets	3 445 000	25 000	0	0
Stock	0	0	0	0
Total Investments	0	0	1 000	1 000
Cash, Bank	6 000	26 000	54 000	30 000
Total Current Assets	87 000	26 000	1 979 000	2 060 000
Total Assets	3 532 000	51 000	1 979 000	2 060 000
Total Equity	−462 000	51 000	34 000	160 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 963 000	1 894 000
Creditors	44 000	0	2 000	6 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	3 950 000	0	0	0
Total Current Debt	3 994 000	0	−17 000	6 000
Total Equity and Debt	3 532 000	51 000	1 979 000	2 060 000

Financial indicators	2022	2021	2020	2019
Return on Equity	111,04 %	35,29 %	−370,59 %	317,5 %
Debt-to-Equity Ratio	−0	0	57,74	11,84
Operating Profit Margin	−1 026 %	-	-	98,05 %
Current Ratio	0,02	-	−116,41	343,33
Quick Ratio	0,02	-	−116,41	343,33
Equity Ratio	−0,13	1	0,02	0,08
Gross Profit Margin	100 %	-	-	100 %