ARCTIC MINERALS MANAGEMENT AS

0255 OSLO

Finances

Return on Equity

−637,5 %

Current Ratio

0,6

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 503 000	4 101 000	3 273 000	2 464 000
Net Income	−153 000	−12 000	−59 000	60 000
Total Assets	1 991 000	815 000	728 000	636 000
Total Equity	24 000	177 000	189 000	248 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 503 000	4 101 000	3 273 000	2 464 000
Expenditure	6 656 000	4 113 000	3 364 000	2 397 000
Operating Profit	−153 000	−12 000	−91 000	66 000
Financial Income	0	0	32 000	1 000
Financial Costs	0	0	0	7 000
Financial Balance	0	0	32 000	−6 000
Earnings Before Tax	−153 000	−12 000	−59 000	60 000
Tax	0	0	0	0
Net Income	−153 000	−12 000	−59 000	60 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	802 000	318 000	328 000	30 000
Total Current Assets	1 189 000	497 000	400 000	606 000
Total Assets	1 991 000	815 000	728 000	636 000
Total Retained Equity	−186 000	−33 000	−21 000	38 000
Total Equity	24 000	177 000	189 000	248 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 966 000	638 000	538 000	388 000
Total Equity and Debt	1 991 000	815 000	728 000	636 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 503 000	4 109 000	2 920 000	2 464 000
Other Income	0	−8 000	353 000	0
Revenue	6 503 000	4 101 000	3 273 000	2 464 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 211 000	2 591 000	1 920 000	1 806 000
Depreciation	0	10 000	11 000	11 000
Impairment	0	0	0	0
Expenditure	6 656 000	4 113 000	3 364 000	2 397 000
Operating Profit	−153 000	−12 000	−91 000	66 000
Financial Income	0	0	32 000	1 000
Financial Costs	0	0	0	7 000
Financial Balance	0	0	32 000	−6 000
Dividends	0	0	0	0
Net Income	−153 000	−12 000	−59 000	60 000

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	0	0	0	0
Fixtures	0	0	10 000	21 000
Total Tangible Assets	0	0	10 000	21 000
Total Fiancial Fixed Assets	802 000	318 000	318 000	9 000
Total Fixed Assets	802 000	318 000	328 000	30 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	723 000	327 000	272 000	0
Total Current Assets	1 189 000	497 000	400 000	606 000
Total Assets	1 991 000	815 000	728 000	636 000
Total Equity	24 000	177 000	189 000	248 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	109 000	259 000	0	183 000
Unpaid Taxes	456 000	85 000	259 000	0
Dividends	0	0	0	0
Other Current Debt	1 402 000	294 000	279 000	204 000
Total Current Debt	1 966 000	638 000	538 000	388 000
Total Equity and Debt	1 991 000	815 000	728 000	636 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−637,5 %	−6,78 %	−31,22 %	24,19 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−2,35 %	−0,29 %	−2,78 %	2,68 %
Current Ratio	0,6	0,78	0,74	1,56
Quick Ratio	0,6	0,78	0,74	1,56
Equity Ratio	0,01	0,22	0,26	0,39
Gross Profit Margin	100 %	100 %	100 %	100 %