ARCTIC ROPE TECH AS

8160 GLOMFJORD

Finances

Share Ownership

Return on Equity

52,72 %

Current Ratio

1,42

Debt-to-Equity Ratio

0,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 608 000	1 596 000	918 000	546 000
Net Income	281 000	58 000	275 000	−181 000
Total Assets	1 360 000	906 000	342 000	135 000
Total Equity	533 000	252 000	194 000	−81 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 608 000	1 596 000	918 000	546 000
Expenditure	2 230 000	1 516 000	601 000	728 000
Operating Profit	378 000	80 000	317 000	−182 000
Financial Income	0	0	0	1 000
Financial Costs	19 000	16 000	0	0
Financial Balance	−19 000	−16 000	0	1 000
Earnings Before Tax	360 000	64 000	317 000	−181 000
Tax	78 000	6 000	43 000	0
Net Income	281 000	58 000	275 000	−181 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	586 000	357 000	45 000	79 000
Total Current Assets	774 000	549 000	297 000	57 000
Total Assets	1 360 000	906 000	342 000	135 000
Total Retained Equity	503 000	222 000	164 000	−111 000
Total Equity	533 000	252 000	194 000	−81 000
Total Long-Term Debt	283 000	344 000	0	0
Total Current Debt	544 000	311 000	148 000	216 000
Total Equity and Debt	1 360 000	906 000	342 000	135 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 608 000	1 241 000	918 000	546 000
Other Income	0	355 000	0	0
Revenue	2 608 000	1 596 000	918 000	546 000
Cost of Goods Sold	169 000	103 000	135 000	230 000
Salary Costs	1 325 000	839 000	163 000	193 000
Depreciation	96 000	67 000	24 000	36 000
Impairment	0	0	27 000	0
Expenditure	2 230 000	1 516 000	601 000	728 000
Operating Profit	378 000	80 000	317 000	−182 000
Financial Income	0	0	0	1 000
Financial Costs	19 000	16 000	0	0
Financial Balance	−19 000	−16 000	0	1 000
Dividends	0	0	0	0
Net Income	281 000	58 000	275 000	−181 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	4 000	11 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	586 000	357 000	41 000	68 000
Total Tangible Assets	586 000	357 000	45 000	79 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	586 000	357 000	45 000	79 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	644 000	419 000	285 000	57 000
Total Current Assets	774 000	549 000	297 000	57 000
Total Assets	1 360 000	906 000	342 000	135 000
Total Equity	533 000	252 000	194 000	−81 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	283 000	344 000	0	0
Creditors	0	−1 000	5 000	3 000
Unpaid Taxes	87 000	87 000	84 000	10 000
Dividends	0	0	0	0
Other Current Debt	388 000	218 000	16 000	203 000
Total Current Debt	544 000	311 000	148 000	216 000
Total Equity and Debt	1 360 000	906 000	342 000	135 000

Financial indicators	2022	2021	2020	2019
Return on Equity	52,72 %	23,02 %	141,75 %	223,46 %
Debt-to-Equity Ratio	0,53	1,37	0	−0
Operating Profit Margin	14,49 %	5,01 %	34,53 %	−33,33 %
Current Ratio	1,42	1,77	2,01	0,26
Quick Ratio	1,42	1,77	2,01	0,26
Equity Ratio	0,39	0,28	0,57	−0,6
Gross Profit Margin	93,52 %	93,55 %	85,29 %	57,88 %