ARCTIC PIPING AS

9446 GROVFJORD

Finances

Share Ownership

Return on Equity

−130,65 %

Current Ratio

1,2

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 285 000	5 813 000	6 040 000	9 262 000
Net Income	−520 000	−37 000	33 000	442 000
Total Assets	2 244 000	3 234 000	2 836 000	3 405 000
Total Equity	398 000	918 000	956 000	922 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 285 000	5 813 000	6 040 000	9 262 000
Expenditure	6 722 000	5 867 000	6 015 000	8 702 000
Operating Profit	−436 000	−54 000	24 000	561 000
Financial Income	0	7 000	19 000	9 000
Financial Costs	1 000	0	0	2 000
Financial Balance	−1 000	7 000	19 000	7 000
Earnings Before Tax	−437 000	−48 000	42 000	567 000
Tax	83 000	−11 000	9 000	125 000
Net Income	−520 000	−37 000	33 000	442 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	35 000	432 000	837 000	547 000
Total Current Assets	2 209 000	2 801 000	1 998 000	2 858 000
Total Assets	2 244 000	3 234 000	2 836 000	3 405 000
Total Retained Equity	286 000	806 000	844 000	810 000
Total Equity	398 000	918 000	956 000	922 000
Total Long-Term Debt	0	0	0	1 000
Total Current Debt	1 846 000	2 315 000	1 880 000	2 481 000
Total Equity and Debt	2 244 000	3 234 000	2 836 000	3 405 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 285 000	5 906 000	6 000 000	9 209 000
Other Income	0	−93 000	40 000	53 000
Revenue	6 285 000	5 813 000	6 040 000	9 262 000
Cost of Goods Sold	42 000	28 000	54 000	21 000
Salary Costs	5 152 000	5 188 000	5 049 000	6 995 000
Depreciation	20 000	25 000	25 000	19 000
Impairment	0	0	0	0
Expenditure	6 722 000	5 867 000	6 015 000	8 702 000
Operating Profit	−436 000	−54 000	24 000	561 000
Financial Income	0	7 000	19 000	9 000
Financial Costs	1 000	0	0	2 000
Financial Balance	−1 000	7 000	19 000	7 000
Dividends	0	0	0	0
Net Income	−520 000	−37 000	33 000	442 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	53 000	42 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	35 000	55 000	80 000	105 000
Total Tangible Assets	35 000	55 000	80 000	105 000
Total Fiancial Fixed Assets	0	325 000	715 000	442 000
Total Fixed Assets	35 000	432 000	837 000	547 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 244 000	700 000	1 051 000	964 000
Total Current Assets	2 209 000	2 801 000	1 998 000	2 858 000
Total Assets	2 244 000	3 234 000	2 836 000	3 405 000
Total Equity	398 000	918 000	956 000	922 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	1 000
Creditors	599 000	742 000	669 000	840 000
Unpaid Taxes	527 000	819 000	503 000	618 000
Dividends	0	0	0	0
Other Current Debt	690 000	754 000	655 000	1 018 000
Total Current Debt	1 846 000	2 315 000	1 880 000	2 481 000
Total Equity and Debt	2 244 000	3 234 000	2 836 000	3 405 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−130,65 %	−4,03 %	3,45 %	47,94 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−6,94 %	−0,93 %	0,4 %	6,06 %
Current Ratio	1,2	1,21	1,06	1,15
Quick Ratio	1,2	1,21	1,06	1,15
Equity Ratio	0,18	0,28	0,34	0,27
Gross Profit Margin	99,33 %	99,52 %	99,11 %	99,77 %