ARCTIC BIOWAVE AS

3684 NOTODDEN

Finances

Share Ownership

Return on Equity

−48,38 %

Current Ratio

0,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 000	61 000	72 000	78 000
Net Income	−134 000	−13 000	11 000	20 000
Total Assets	311 000	427 000	428 000	417 000
Total Equity	277 000	411 000	187 000	176 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 000	61 000	72 000	78 000
Expenditure	135 000	75 000	60 000	56 000
Operating Profit	−133 000	−13 000	11 000	22 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	2 000
Financial Balance	0	0	0	−2 000
Earnings Before Tax	−134 000	−13 000	11 000	20 000
Tax	0	0	0	0
Net Income	−134 000	−13 000	11 000	20 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	299 000	359 000	411 000	398 000
Total Current Assets	12 000	68 000	17 000	19 000
Total Assets	311 000	427 000	428 000	417 000
Total Retained Equity	−254 000	−121 000	−108 000	−118 000
Total Equity	277 000	411 000	187 000	176 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	34 000	16 000	241 000	241 000
Total Equity and Debt	311 000	427 000	428 000	417 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 000	61 000	72 000	78 000
Other Income	0	0	0	0
Revenue	2 000	61 000	72 000	78 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	2 000	1 000
Depreciation	60 000	60 000	0	−54 000
Impairment	0	0	0	0
Expenditure	135 000	75 000	60 000	56 000
Operating Profit	−133 000	−13 000	11 000	22 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	2 000
Financial Balance	0	0	0	−2 000
Dividends	0	0	0	0
Net Income	−134 000	−13 000	11 000	20 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	299 000	359 000	411 000	398 000
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	0	0	0
Total Fixed Assets	299 000	359 000	411 000	398 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	16 000	19 000
Total Current Assets	12 000	68 000	17 000	19 000
Total Assets	311 000	427 000	428 000	417 000
Total Equity	277 000	411 000	187 000	176 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	9 000	1 000	3 000	0
Unpaid Taxes	0	14 000	0	4 000
Dividends	0	0	0	0
Other Current Debt	25 000	0	238 000	238 000
Total Current Debt	34 000	16 000	241 000	241 000
Total Equity and Debt	311 000	427 000	428 000	417 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−48,38 %	−3,16 %	5,88 %	11,36 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−6 650 %	−21,31 %	15,28 %	28,21 %
Current Ratio	0,35	4,25	0,07	0,08
Quick Ratio	0,35	4,25	0,07	0,08
Equity Ratio	0,89	0,96	0,44	0,42
Gross Profit Margin	100 %	100 %	100 %	100 %