ARCTIC AVIATION AS

8004 BODØ

Finances

Share Ownership

Return on Equity

70,16 %

Current Ratio

1,14

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	90 610 000	32 061 000	30 070 000	22 861 000
Net Income	9 715 000	1 404 000	819 000	1 768 000
Total Assets	52 571 000	13 749 000	11 435 000	8 855 000
Total Equity	13 847 000	4 416 000	3 089 000	2 344 000

Income (NOK)	2022	2021	2020	2019
Revenue	90 610 000	32 061 000	30 070 000	22 861 000
Expenditure	78 281 000	30 216 000	28 996 000	20 592 000
Operating Profit	12 329 000	1 845 000	1 075 000	2 269 000
Financial Income	182 000	23 000	29 000	23 000
Financial Costs	69 000	36 000	51 000	20 000
Financial Balance	113 000	−13 000	−22 000	3 000
Earnings Before Tax	12 442 000	1 832 000	1 053 000	2 272 000
Tax	2 727 000	428 000	234 000	503 000
Net Income	9 715 000	1 404 000	819 000	1 768 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 309 000	4 691 000	3 845 000	2 204 000
Total Current Assets	43 263 000	9 058 000	7 590 000	6 651 000
Total Assets	52 571 000	13 749 000	11 435 000	8 855 000
Total Retained Equity	13 047 000	3 616 000	2 289 000	1 544 000
Total Equity	13 847 000	4 416 000	3 089 000	2 344 000
Total Long-Term Debt	894 000	818 000	768 000	235 000
Total Current Debt	37 830 000	8 515 000	7 578 000	6 276 000
Total Equity and Debt	52 571 000	13 749 000	11 435 000	8 855 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	90 610 000	32 061 000	30 070 000	22 861 000
Other Income	0	0	0	0
Revenue	90 610 000	32 061 000	30 070 000	22 861 000
Cost of Goods Sold	12 351 000	4 266 000	4 647 000	2 594 000
Salary Costs	9 113 000	5 626 000	5 116 000	3 623 000
Depreciation	302 000	228 000	232 000	114 000
Impairment	0	0	0	0
Expenditure	78 281 000	30 216 000	28 996 000	20 592 000
Operating Profit	12 329 000	1 845 000	1 075 000	2 269 000
Financial Income	182 000	23 000	29 000	23 000
Financial Costs	69 000	36 000	51 000	20 000
Financial Balance	113 000	−13 000	−22 000	3 000
Dividends	0	0	0	0
Net Income	9 715 000	1 404 000	819 000	1 768 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	1 738 000	1 463 000	1 351 000
Machinery and Plant Facilities	1 166 000	305 000	359 000	403 000
Fixtures	166 000	255 000	381 000	442 000
Total Tangible Assets	1 332 000	2 298 000	2 203 000	2 195 000
Total Fiancial Fixed Assets	7 977 000	2 394 000	1 642 000	9 000
Total Fixed Assets	9 309 000	4 691 000	3 845 000	2 204 000
Stock	0	95 000	0	0
Total Investments	0	0	0	0
Cash, Bank	32 211 000	3 402 000	3 221 000	1 201 000
Total Current Assets	43 263 000	9 058 000	7 590 000	6 651 000
Total Assets	52 571 000	13 749 000	11 435 000	8 855 000
Total Equity	13 847 000	4 416 000	3 089 000	2 344 000
Short-Term Group Debt	4 915 000	4 590 000	4 181 000	2 831 000
Total Long-Term Debt	894 000	818 000	768 000	235 000
Creditors	7 147 000	2 523 000	2 463 000	2 747 000
Unpaid Taxes	410 000	379 000	506 000	220 000
Dividends	0	0	0	0
Other Current Debt	22 719 000	602 000	212 000	307 000
Total Current Debt	37 830 000	8 515 000	7 578 000	6 276 000
Total Equity and Debt	52 571 000	13 749 000	11 435 000	8 855 000

Financial indicators	2022	2021	2020	2019
Return on Equity	70,16 %	31,79 %	26,51 %	75,43 %
Debt-to-Equity Ratio	0,06	0,19	0,25	0,1
Operating Profit Margin	13,61 %	5,75 %	3,57 %	9,93 %
Current Ratio	1,14	1,06	1	1,06
Quick Ratio	1,14	1,08	1	1,06
Equity Ratio	0,26	0,32	0,27	0,26
Gross Profit Margin	86,37 %	86,69 %	84,55 %	88,65 %