ARCTIC SEAWEED AS

4407 FLEKKEFJORD

Finances

Return on Equity

−3 161,3 %

Current Ratio

5,19

Debt-to-Equity Ratio

83,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 000 000	1 516 000	3 146 000	2 814 000
Net Income	−12 171 000	−7 668 000	−5 044 000	−2 481 000
Total Assets	37 343 000	9 408 000	9 891 000	6 345 000
Total Equity	385 000	33 000	7 701 000	−14 621 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 000 000	1 516 000	3 146 000	2 814 000
Expenditure	19 660 000	9 040 000	7 488 000	4 718 000
Operating Profit	−8 660 000	−7 525 000	−4 342 000	−1 904 000
Financial Income	320 000	4 000	12 000	15 000
Financial Costs	3 831 000	147 000	714 000	592 000
Financial Balance	−3 511 000	−143 000	−702 000	−577 000
Earnings Before Tax	−12 171 000	−7 668 000	−5 044 000	−2 481 000
Tax	0	0	0	0
Net Income	−12 171 000	−7 668 000	−5 044 000	−2 481 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 616 000	4 016 000	4 650 000	381 000
Total Current Assets	25 727 000	5 393 000	5 241 000	5 964 000
Total Assets	37 343 000	9 408 000	9 891 000	6 345 000
Total Retained Equity	324 000	−28 000	7 640 000	−14 666 000
Total Equity	385 000	33 000	7 701 000	−14 621 000
Total Long-Term Debt	32 003 000	7 269 000	469 000	19 275 000
Total Current Debt	4 956 000	2 106 000	1 721 000	1 691 000
Total Equity and Debt	37 343 000	9 408 000	9 891 000	6 345 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 940 000	1 197 000	3 146 000	2 814 000
Other Income	1 059 000	319 000	0	0
Revenue	11 000 000	1 516 000	3 146 000	2 814 000
Cost of Goods Sold	69 000	83 000	109 000	348 000
Salary Costs	4 147 000	3 513 000	2 417 000	1 278 000
Depreciation	999 000	634 000	251 000	123 000
Impairment	0	0	0	0
Expenditure	19 660 000	9 040 000	7 488 000	4 718 000
Operating Profit	−8 660 000	−7 525 000	−4 342 000	−1 904 000
Financial Income	320 000	4 000	12 000	15 000
Financial Costs	3 831 000	147 000	714 000	592 000
Financial Balance	−3 511 000	−143 000	−702 000	−577 000
Dividends	0	0	0	0
Net Income	−12 171 000	−7 668 000	−5 044 000	−2 481 000

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	11 616 000	4 016 000	4 650 000	381 000
Fixtures	0	0	0	0
Total Tangible Assets	11 616 000	4 016 000	4 650 000	381 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	11 616 000	4 016 000	4 650 000	381 000
Stock	0	0	0	0
Total Investments	10 000	10 000	0	0
Cash, Bank	5 063 000	437 000	1 126 000	2 938 000
Total Current Assets	25 727 000	5 393 000	5 241 000	5 964 000
Total Assets	37 343 000	9 408 000	9 891 000	6 345 000
Total Equity	385 000	33 000	7 701 000	−14 621 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	32 003 000	7 269 000	469 000	19 275 000
Creditors	2 951 000	289 000	241 000	96 000
Unpaid Taxes	713 000	203 000	167 000	631 000
Dividends	0	0	0	0
Other Current Debt	1 292 000	1 614 000	1 313 000	964 000
Total Current Debt	4 956 000	2 106 000	1 721 000	1 691 000
Total Equity and Debt	37 343 000	9 408 000	9 891 000	6 345 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3 161,3 %	−23 236,36 %	−65,5 %	16,97 %
Debt-to-Equity Ratio	83,12	220,27	0,06	−1,32
Operating Profit Margin	−78,73 %	−496,37 %	−138,02 %	−67,66 %
Current Ratio	5,19	2,56	3,05	3,53
Quick Ratio	5,19	2,56	3,05	3,53
Equity Ratio	0,01	0	0,78	−2,3
Gross Profit Margin	99,37 %	94,53 %	96,54 %	87,63 %