ARCTIC EIENDOMSUTVIKLING AS

9405 HARSTAD

Finances

Share Ownership

Return on Equity

−8,27 %

Current Ratio

3,42

Debt-to-Equity Ratio

9,95

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 459 000	2 820 000	38 666 000	0
Net Income	−173 000	1 127 000	4 637 000	−1 256 000
Total Assets	28 789 000	32 698 000	40 938 000	30 970 000
Total Equity	2 092 000	2 265 000	1 138 000	−1 654 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 459 000	2 820 000	38 666 000	0
Expenditure	968 000	877 000	33 953 000	301 000
Operating Profit	491 000	1 943 000	4 712 000	−301 000
Financial Income	13 000	0	3 000	3 000
Financial Costs	726 000	0	−1 229 000	1 299 000
Financial Balance	−713 000	0	1 232 000	−1 296 000
Earnings Before Tax	−222 000	1 445 000	5 944 000	−1 597 000
Tax	−49 000	318 000	1 308 000	−341 000
Net Income	−173 000	1 127 000	4 637 000	−1 256 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	28 102 000	2 951 000	2 185 000	30 771 000
Total Current Assets	688 000	29 748 000	38 752 000	198 000
Total Assets	28 789 000	32 698 000	40 938 000	30 970 000
Total Retained Equity	1 692 000	1 865 000	738 000	−2 054 000
Total Equity	2 092 000	2 265 000	1 138 000	−1 654 000
Total Long-Term Debt	20 824 000	26 608 000	35 779 000	31 218 000
Total Current Debt	201 000	3 825 000	4 021 000	1 406 000
Total Equity and Debt	28 789 000	32 698 000	40 938 000	30 970 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 442 000	2 688 000	38 650 000	0
Other Income	17 000	132 000	17 000	0
Revenue	1 459 000	2 820 000	38 666 000	0
Cost of Goods Sold	0	0	33 328 000	0
Salary Costs	0	0	0	−7 000
Depreciation	0	0	3 000	0
Impairment	0	0	0	0
Expenditure	968 000	877 000	33 953 000	301 000
Operating Profit	491 000	1 943 000	4 712 000	−301 000
Financial Income	13 000	0	3 000	3 000
Financial Costs	726 000	0	−1 229 000	1 299 000
Financial Balance	−713 000	0	1 232 000	−1 296 000
Dividends	0	0	0	0
Net Income	−173 000	1 127 000	4 637 000	−1 256 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	41 000	0	0	566 000
Real Eastate	27 917 000	2 379 000	2 121 000	30 205 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	143 000	122 000	64 000	0
Total Tangible Assets	28 061 000	2 501 000	2 185 000	30 205 000
Total Fiancial Fixed Assets	0	450 000	0	0
Total Fixed Assets	28 102 000	2 951 000	2 185 000	30 771 000
Stock	0	25 089 000	25 089 000	0
Total Investments	0	0	0	0
Cash, Bank	659 000	3 888 000	416 000	198 000
Total Current Assets	688 000	29 748 000	38 752 000	198 000
Total Assets	28 789 000	32 698 000	40 938 000	30 970 000
Total Equity	2 092 000	2 265 000	1 138 000	−1 654 000
Short-Term Group Debt	0	0	3 354 000	0
Total Long-Term Debt	20 824 000	26 608 000	35 779 000	31 218 000
Creditors	115 000	136 000	600 000	1 400 000
Unpaid Taxes	0	0	0	4 000
Dividends	0	0	0	0
Other Current Debt	86 000	21 000	67 000	2 000
Total Current Debt	201 000	3 825 000	4 021 000	1 406 000
Total Equity and Debt	28 789 000	32 698 000	40 938 000	30 970 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,27 %	49,76 %	407,47 %	75,94 %
Debt-to-Equity Ratio	9,95	11,75	31,44	−18,87
Operating Profit Margin	33,65 %	68,9 %	12,19 %	-
Current Ratio	3,42	7,78	9,64	0,14
Quick Ratio	3,42	−1,4	−1,84	0,14
Equity Ratio	0,07	0,07	0,03	−0,05
Gross Profit Margin	100 %	100 %	13,81 %	-