ARCTIC EVENT BALSFJORD AS

9042 LAKSVATN

Finances

Share Ownership

Return on Equity

44,96 %

Current Ratio

2,43

Debt-to-Equity Ratio

6,89

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 795 000	1 089 000	205 000	706 000
Net Income	272 000	155 000	−418 000	129 000
Total Assets	5 535 000	4 601 000	3 734 000	910 000
Total Equity	605 000	333 000	179 000	−904 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 795 000	1 089 000	205 000	706 000
Expenditure	1 522 000	932 000	595 000	574 000
Operating Profit	273 000	156 000	−390 000	132 000
Financial Income	0	0	0	0
Financial Costs	2 000	1 000	27 000	3 000
Financial Balance	−2 000	−1 000	−27 000	−3 000
Earnings Before Tax	272 000	155 000	−418 000	129 000
Tax	0	0	0	0
Net Income	272 000	155 000	−418 000	129 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 688 000	2 895 000	2 987 000	804 000
Total Current Assets	1 846 000	1 706 000	746 000	106 000
Total Assets	5 535 000	4 601 000	3 734 000	910 000
Total Retained Equity	−918 000	−1 189 000	−1 344 000	−926 000
Total Equity	605 000	333 000	179 000	−904 000
Total Long-Term Debt	4 170 000	4 127 000	2 690 000	1 768 000
Total Current Debt	760 000	141 000	865 000	46 000
Total Equity and Debt	5 535 000	4 601 000	3 734 000	910 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	812 000	346 000	57 000	190 000
Other Income	983 000	743 000	148 000	515 000
Revenue	1 795 000	1 089 000	205 000	706 000
Cost of Goods Sold	144 000	77 000	4 000	0
Salary Costs	0	30 000	0	0
Depreciation	521 000	397 000	202 000	187 000
Impairment	0	0	0	0
Expenditure	1 522 000	932 000	595 000	574 000
Operating Profit	273 000	156 000	−390 000	132 000
Financial Income	0	0	0	0
Financial Costs	2 000	1 000	27 000	3 000
Financial Balance	−2 000	−1 000	−27 000	−3 000
Dividends	0	0	0	0
Net Income	272 000	155 000	−418 000	129 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 566 000	2 369 000	2 267 000	31 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 123 000	526 000	721 000	774 000
Total Tangible Assets	3 688 000	2 895 000	2 987 000	804 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 688 000	2 895 000	2 987 000	804 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 581 000	1 497 000	130 000	94 000
Total Current Assets	1 846 000	1 706 000	746 000	106 000
Total Assets	5 535 000	4 601 000	3 734 000	910 000
Total Equity	605 000	333 000	179 000	−904 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 170 000	4 127 000	2 690 000	1 768 000
Creditors	570 000	57 000	843 000	24 000
Unpaid Taxes	164 000	44 000	0	0
Dividends	0	0	0	0
Other Current Debt	26 000	40 000	22 000	22 000
Total Current Debt	760 000	141 000	865 000	46 000
Total Equity and Debt	5 535 000	4 601 000	3 734 000	910 000

Financial indicators	2022	2021	2020	2019
Return on Equity	44,96 %	46,55 %	−233,52 %	−14,27 %
Debt-to-Equity Ratio	6,89	12,39	15,03	−1,96
Operating Profit Margin	15,21 %	14,33 %	−190,24 %	18,7 %
Current Ratio	2,43	12,1	0,86	2,3
Quick Ratio	2,43	12,1	0,86	2,3
Equity Ratio	0,11	0,07	0,05	−0,99
Gross Profit Margin	91,98 %	92,93 %	98,05 %	100 %