ARCTIC PIONER AS

9008 TROMSØ

Finances

Share Ownership

Return on Equity

24,66 %

Current Ratio

0,41

Debt-to-Equity Ratio

−1,8

Key figures (NOK)	2022	2021	2020	2019
Revenue	41 077 000	46 893 000	9 998 000	27 290 000
Net Income	−14 325 000	−3 433 000	−25 509 000	−13 118 000
Total Assets	54 234 000	65 798 000	69 788 000	53 881 000
Total Equity	−58 092 000	−43 766 000	−40 333 000	−64 870 000

Income (NOK)	2022	2021	2020	2019
Revenue	41 077 000	46 893 000	9 998 000	27 290 000
Expenditure	54 500 000	51 116 000	34 692 000	40 824 000
Operating Profit	−13 423 000	−4 223 000	−24 693 000	−13 534 000
Financial Income	292 000	807 000	11 850 000	13 000
Financial Costs	1 194 000	17 000	12 666 000	−403 000
Financial Balance	−902 000	790 000	−816 000	416 000
Earnings Before Tax	−14 325 000	−3 433 000	−25 509 000	−13 118 000
Tax	0	0	0	0
Net Income	−14 325 000	−3 433 000	−25 509 000	−13 118 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	51 179 000	60 561 000	65 960 000	52 330 000
Total Current Assets	3 055 000	5 237 000	3 828 000	1 551 000
Total Assets	54 234 000	65 798 000	69 788 000	53 881 000
Total Retained Equity	−58 192 000	−43 866 000	−40 433 000	−64 970 000
Total Equity	−58 092 000	−43 766 000	−40 333 000	−64 870 000
Total Long-Term Debt	104 826 000	102 155 000	99 717 000	115 766 000
Total Current Debt	7 499 000	7 410 000	10 404 000	2 985 000
Total Equity and Debt	54 234 000	65 798 000	69 788 000	53 881 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	40 627 000	46 655 000	9 653 000	27 290 000
Other Income	450 000	238 000	345 000	0
Revenue	41 077 000	46 893 000	9 998 000	27 290 000
Cost of Goods Sold	8 128 000	8 228 000	6 375 000	9 218 000
Salary Costs	22 944 000	23 449 000	13 003 000	15 658 000
Depreciation	7 051 000	7 096 000	5 891 000	5 525 000
Impairment	0	0	0	0
Expenditure	54 500 000	51 116 000	34 692 000	40 824 000
Operating Profit	−13 423 000	−4 223 000	−24 693 000	−13 534 000
Financial Income	292 000	807 000	11 850 000	13 000
Financial Costs	1 194 000	17 000	12 666 000	−403 000
Financial Balance	−902 000	790 000	−816 000	416 000
Dividends	0	0	0	0
Net Income	−14 325 000	−3 433 000	−25 509 000	−13 118 000

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	1 921 000	3 720 000	3 795 000	446 000
Fixtures	171 000	348 000	530 000	238 000
Total Tangible Assets	43 280 000	49 683 000	52 465 000	52 330 000
Total Fiancial Fixed Assets	7 899 000	10 879 000	13 494 000	0
Total Fixed Assets	51 179 000	60 561 000	65 960 000	52 330 000
Stock	1 160 000	698 000	464 000	301 000
Total Investments	0	0	0	0
Cash, Bank	1 182 000	2 698 000	1 061 000	527 000
Total Current Assets	3 055 000	5 237 000	3 828 000	1 551 000
Total Assets	54 234 000	65 798 000	69 788 000	53 881 000
Total Equity	−58 092 000	−43 766 000	−40 333 000	−64 870 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	104 826 000	102 155 000	99 717 000	115 766 000
Creditors	3 025 000	1 572 000	5 914 000	1 464 000
Unpaid Taxes	3 772 000	4 577 000	300 000	1 171 000
Dividends	0	0	0	0
Other Current Debt	702 000	1 261 000	4 191 000	350 000
Total Current Debt	7 499 000	7 410 000	10 404 000	2 985 000
Total Equity and Debt	54 234 000	65 798 000	69 788 000	53 881 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,66 %	7,84 %	63,25 %	20,22 %
Debt-to-Equity Ratio	−1,8	−2,33	−2,47	−1,78
Operating Profit Margin	−32,68 %	−9,01 %	−246,98 %	−49,59 %
Current Ratio	0,41	0,71	0,37	0,52
Quick Ratio	0,48	0,78	0,39	0,58
Equity Ratio	−1,07	−0,67	−0,58	−1,2
Gross Profit Margin	80,21 %	82,45 %	36,24 %	66,22 %