ARCTIC INNOVATIVE SOLUTIONS AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

2,93 %

Current Ratio

0,02

Debt-to-Equity Ratio

−0,9

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 000	5 000	4 000	66 000
Net Income	−13 000	−54 000	−43 000	−13 000
Total Assets	1 000	2 000	37 000	60 000
Total Equity	−444 000	−431 000	−377 000	−333 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 000	5 000	4 000	66 000
Expenditure	18 000	25 000	48 000	79 000
Operating Profit	−13 000	−20 000	−44 000	−13 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−13 000	−20 000	−43 000	−13 000
Tax	0	34 000	0	0
Net Income	−13 000	−54 000	−43 000	−13 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	2 000	36 000	34 000
Total Current Assets	1 000	0	0	26 000
Total Assets	1 000	2 000	37 000	60 000
Total Retained Equity	−474 000	−461 000	−407 000	−363 000
Total Equity	−444 000	−431 000	−377 000	−333 000
Total Long-Term Debt	400 000	400 000	400 000	400 000
Total Current Debt	45 000	33 000	14 000	−6 000
Total Equity and Debt	1 000	2 000	37 000	60 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 000	5 000	4 000	0
Other Income	0	0	0	66 000
Revenue	6 000	5 000	4 000	66 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	18 000	25 000	48 000	79 000
Operating Profit	−13 000	−20 000	−44 000	−13 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−13 000	−54 000	−43 000	−13 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	34 000	34 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	2 000	2 000	0
Total Fixed Assets	0	2 000	36 000	34 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 000	0	0	26 000
Total Current Assets	1 000	0	0	26 000
Total Assets	1 000	2 000	37 000	60 000
Total Equity	−444 000	−431 000	−377 000	−333 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	400 000	400 000	400 000	400 000
Creditors	50 000	32 000	14 000	9 000
Unpaid Taxes	−7 000	−4 000	0	−15 000
Dividends	0	0	0	0
Other Current Debt	3 000	5 000	0	0
Total Current Debt	45 000	33 000	14 000	−6 000
Total Equity and Debt	1 000	2 000	37 000	60 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,93 %	12,53 %	11,41 %	3,9 %
Debt-to-Equity Ratio	−0,9	−0,93	−1,06	−1,2
Operating Profit Margin	−216,67 %	−400 %	−1 100 %	−19,7 %
Current Ratio	0,02	0	0	−4,33
Quick Ratio	0,02	0	0	−4,33
Equity Ratio	−444	−215,5	−10,19	−5,55
Gross Profit Margin	100 %	100 %	100 %	100 %