ARCTIC COD AS

8820 DØNNA

Finances

Share Ownership

Return on Equity

−70,14 %

Current Ratio

1,11

Debt-to-Equity Ratio

1,39

Key figures (NOK)	2022	2021	2020	2019
Revenue	50 029 000	33 386 000	0	0
Net Income	−6 487 000	−2 603 000	−271 000	−9 000
Total Assets	39 814 000	32 329 000	10 338 000	0
Total Equity	9 248 000	630 000	2 230 000	−5 000

Income (NOK)	2022	2021	2020	2019
Revenue	50 029 000	33 386 000	0	0
Expenditure	60 713 000	46 146 000	296 000	9 000
Operating Profit	−7 608 000	−3 589 000	−296 000	−9 000
Financial Income	177 000	184 000	42 000	0
Financial Costs	1 308 000	297 000	16 000	0
Financial Balance	−1 131 000	−113 000	26 000	0
Earnings Before Tax	−8 740 000	−3 703 000	−271 000	−9 000
Tax	−2 253 000	−1 100 000	0	0
Net Income	−6 487 000	−2 603 000	−271 000	−9 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 111 000	16 100 000	9 000 000	0
Total Current Assets	19 703 000	16 229 000	1 338 000	0
Total Assets	39 814 000	32 329 000	10 338 000	0
Total Retained Equity	−9 395 000	−2 909 000	−306 000	−35 000
Total Equity	9 248 000	630 000	2 230 000	−5 000
Total Long-Term Debt	12 840 000	6 000 000	3 000 000	0
Total Current Debt	17 726 000	25 699 000	5 108 000	5 000
Total Equity and Debt	39 814 000	32 329 000	10 338 000	0

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 036 000	33 386 000	0	0
Other Income	−8 000	0	0	0
Revenue	50 029 000	33 386 000	0	0
Cost of Goods Sold	44 579 000	38 086 000	0	0
Salary Costs	2 317 000	692 000	0	0
Depreciation	1 216 000	0	0	0
Impairment	0	0	0	0
Expenditure	60 713 000	46 146 000	296 000	9 000
Operating Profit	−7 608 000	−3 589 000	−296 000	−9 000
Financial Income	177 000	184 000	42 000	0
Financial Costs	1 308 000	297 000	16 000	0
Financial Balance	−1 131 000	−113 000	26 000	0
Dividends	0	0	0	0
Net Income	−6 487 000	−2 603 000	−271 000	−9 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 153 000	7 100 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	3 167 000	0	0	0
Fixtures	58 000	0	0	0
Total Tangible Assets	3 225 000	0	0	0
Total Fiancial Fixed Assets	8 734 000	9 000 000	9 000 000	0
Total Fixed Assets	20 111 000	16 100 000	9 000 000	0
Stock	8 121 000	9 170 000	0	0
Total Investments	0	0	0	0
Cash, Bank	171 000	41 000	1 227 000	0
Total Current Assets	19 703 000	16 229 000	1 338 000	0
Total Assets	39 814 000	32 329 000	10 338 000	0
Total Equity	9 248 000	630 000	2 230 000	−5 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 840 000	6 000 000	3 000 000	0
Creditors	16 303 000	12 856 000	87 000	0
Unpaid Taxes	337 000	1 630 000	0	0
Dividends	0	0	0	0
Other Current Debt	408 000	6 208 000	5 021 000	5 000
Total Current Debt	17 726 000	25 699 000	5 108 000	5 000
Total Equity and Debt	39 814 000	32 329 000	10 338 000	0

Financial indicators	2022	2021	2020	2019
Return on Equity	−70,14 %	−413,17 %	−12,15 %	180 %
Debt-to-Equity Ratio	1,39	9,52	1,35	−0
Operating Profit Margin	−15,21 %	−10,75 %	-	-
Current Ratio	1,11	0,63	0,26	0
Quick Ratio	2,05	0,98	0,26	0
Equity Ratio	0,23	0,02	0,22	-
Gross Profit Margin	10,89 %	−14,08 %	-	-