ARCTIC WELL INVEST AS

9414 HARSTAD

Finances

Return on Equity

−8,69 %

Current Ratio

1,76

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	439 000	95 000	274 000	126 000
Net Income	−1 106 000	−1 540 000	−2 238 000	−3 596 000
Total Assets	14 257 000	12 495 000	12 515 000	10 074 000
Total Equity	12 724 000	10 457 000	11 997 000	9 219 000

Income (NOK)	2022	2021	2020	2019
Revenue	439 000	95 000	274 000	126 000
Expenditure	3 601 000	3 839 000	2 460 000	3 705 000
Operating Profit	−3 163 000	−3 745 000	−2 187 000	−3 579 000
Financial Income	2 087 000	2 230 000	4 000	8 000
Financial Costs	30 000	26 000	56 000	25 000
Financial Balance	2 057 000	2 204 000	−52 000	−17 000
Earnings Before Tax	−1 106 000	−1 540 000	−2 238 000	−3 596 000
Tax	0	0	0	0
Net Income	−1 106 000	−1 540 000	−2 238 000	−3 596 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 555 000	9 549 000	7 772 000	3 312 000
Total Current Assets	2 703 000	2 946 000	4 744 000	6 761 000
Total Assets	14 257 000	12 495 000	12 515 000	10 074 000
Total Retained Equity	0	0	0	0
Total Equity	12 724 000	10 457 000	11 997 000	9 219 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 534 000	2 038 000	518 000	854 000
Total Equity and Debt	14 257 000	12 495 000	12 515 000	10 074 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 000	0	274 000	126 000
Other Income	388 000	95 000	0	0
Revenue	439 000	95 000	274 000	126 000
Cost of Goods Sold	−2 323 000	175 000	195 000	222 000
Salary Costs	2 440 000	1 079 000	1 000 000	1 626 000
Depreciation	527 000	510 000	311 000	164 000
Impairment	412 000	1 026 000	0	0
Expenditure	3 601 000	3 839 000	2 460 000	3 705 000
Operating Profit	−3 163 000	−3 745 000	−2 187 000	−3 579 000
Financial Income	2 087 000	2 230 000	4 000	8 000
Financial Costs	30 000	26 000	56 000	25 000
Financial Balance	2 057 000	2 204 000	−52 000	−17 000
Dividends	0	0	0	0
Net Income	−1 106 000	−1 540 000	−2 238 000	−3 596 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 060 000	6 106 000	4 945 000	3 282 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	664 000	713 000	97 000	0
Total Tangible Assets	664 000	713 000	97 000	0
Total Fiancial Fixed Assets	2 830 000	2 730 000	2 730 000	30 000
Total Fixed Assets	11 555 000	9 549 000	7 772 000	3 312 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	280 000	471 000	2 053 000	457 000
Total Current Assets	2 703 000	2 946 000	4 744 000	6 761 000
Total Assets	14 257 000	12 495 000	12 515 000	10 074 000
Total Equity	12 724 000	10 457 000	11 997 000	9 219 000
Short-Term Group Debt	1 135 000	1 578 000	0	631 000
Total Long-Term Debt	0	0	0	0
Creditors	138 000	446 000	498 000	222 000
Unpaid Taxes	0	0	−187 000	−66 000
Dividends	0	0	0	0
Other Current Debt	261 000	14 000	207 000	68 000
Total Current Debt	1 534 000	2 038 000	518 000	854 000
Total Equity and Debt	14 257 000	12 495 000	12 515 000	10 074 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,69 %	−14,73 %	−18,65 %	−39,01 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−720,5 %	−3 942,11 %	−798,18 %	−2 840,48 %
Current Ratio	1,76	1,45	9,16	7,92
Quick Ratio	1,76	1,45	9,16	7,92
Equity Ratio	0,89	0,84	0,96	0,92
Gross Profit Margin	629,16 %	−84,21 %	28,83 %	−76,19 %