ARCTIC SWIMWEAR AS

0355 OSLO

Finances

Share Ownership

Return on Equity

−152,63 %

Current Ratio

5,64

Debt-to-Equity Ratio

−6,37

Key figures (NOK)	2022	2021	2020	2019
Revenue	45 000	34 000	1 000	14 000
Net Income	29 000	−8 000	−10 000	−27 000
Total Assets	124 000	76 000	82 000	92 000
Total Equity	−19 000	−48 000	−39 000	92 000

Income (NOK)	2022	2021	2020	2019
Revenue	45 000	34 000	1 000	14 000
Expenditure	16 000	42 000	11 000	37 000
Operating Profit	29 000	−8 000	−10 000	−23 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	3 000
Financial Balance	0	0	0	−3 000
Earnings Before Tax	29 000	−8 000	−10 000	−27 000
Tax	0	0	0	0
Net Income	29 000	−8 000	−10 000	−27 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	124 000	76 000	82 000	92 000
Total Assets	124 000	76 000	82 000	92 000
Total Retained Equity	−49 000	−78 000	−69 000	−58 000
Total Equity	−19 000	−48 000	−39 000	92 000
Total Long-Term Debt	121 000	121 000	121 000	0
Total Current Debt	22 000	3 000	0	0
Total Equity and Debt	124 000	76 000	82 000	92 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	45 000	34 000	1 000	14 000
Other Income	0	0	0	0
Revenue	45 000	34 000	1 000	14 000
Cost of Goods Sold	−14 000	18 000	2 000	28 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	16 000	42 000	11 000	37 000
Operating Profit	29 000	−8 000	−10 000	−23 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	3 000
Financial Balance	0	0	0	−3 000
Dividends	0	0	0	0
Net Income	29 000	−8 000	−10 000	−27 000

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	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	105 000	62 000	76 000	78 000
Total Investments	0	0	0	0
Cash, Bank	19 000	13 000	4 000	13 000
Total Current Assets	124 000	76 000	82 000	92 000
Total Assets	124 000	76 000	82 000	92 000
Total Equity	−19 000	−48 000	−39 000	92 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	121 000	121 000	121 000	0
Creditors	22 000	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	3 000	0	0
Total Current Debt	22 000	3 000	0	0
Total Equity and Debt	124 000	76 000	82 000	92 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−152,63 %	16,67 %	25,64 %	−29,35 %
Debt-to-Equity Ratio	−6,37	−2,52	−3,1	0
Operating Profit Margin	64,44 %	−23,53 %	−1 000 %	−164,29 %
Current Ratio	5,64	25,33	-	-
Quick Ratio	−1,49	−1,29	−1,08	−1,18
Equity Ratio	−0,15	−0,63	−0,48	1
Gross Profit Margin	131,11 %	47,06 %	−100 %	−100 %