ARCTICPRODUCTS AS

9620 KVALSUND

Finances

Share Ownership

Return on Equity

24,35 %

Current Ratio

4,82

Debt-to-Equity Ratio

0,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 701 000	4 416 000	2 727 000	2 096 000
Net Income	186 000	−7 000	145 000	294 000
Total Assets	1 486 000	1 636 000	1 977 000	1 604 000
Total Equity	764 000	579 000	586 000	441 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 701 000	4 416 000	2 727 000	2 096 000
Expenditure	3 356 000	4 330 000	2 469 000	1 676 000
Operating Profit	345 000	86 000	258 000	420 000
Financial Income	1 000	0	1 000	6 000
Financial Costs	100 000	77 000	65 000	43 000
Financial Balance	−99 000	−77 000	−64 000	−37 000
Earnings Before Tax	246 000	8 000	195 000	383 000
Tax	60 000	15 000	51 000	89 000
Net Income	186 000	−7 000	145 000	294 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	46 000	4 000	7 000	10 000
Total Current Assets	1 441 000	1 632 000	1 970 000	1 594 000
Total Assets	1 486 000	1 636 000	1 977 000	1 604 000
Total Retained Equity	734 000	549 000	556 000	411 000
Total Equity	764 000	579 000	586 000	441 000
Total Long-Term Debt	422 000	553 000	620 000	409 000
Total Current Debt	299 000	504 000	771 000	753 000
Total Equity and Debt	1 486 000	1 636 000	1 977 000	1 604 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 485 000	4 227 000	2 727 000	2 095 000
Other Income	216 000	189 000	0	0
Revenue	3 701 000	4 416 000	2 727 000	2 096 000
Cost of Goods Sold	2 328 000	3 296 000	1 750 000	1 068 000
Salary Costs	343 000	414 000	132 000	83 000
Depreciation	11 000	3 000	3 000	3 000
Impairment	0	0	0	0
Expenditure	3 356 000	4 330 000	2 469 000	1 676 000
Operating Profit	345 000	86 000	258 000	420 000
Financial Income	1 000	0	1 000	6 000
Financial Costs	100 000	77 000	65 000	43 000
Financial Balance	−99 000	−77 000	−64 000	−37 000
Dividends	0	0	0	0
Net Income	186 000	−7 000	145 000	294 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	13 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	18 000	0	0	0
Fixtures	15 000	4 000	7 000	10 000
Total Tangible Assets	32 000	4 000	7 000	10 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	46 000	4 000	7 000	10 000
Stock	1 481 000	1 311 000	1 432 000	1 271 000
Total Investments	0	0	0	0
Cash, Bank	−97 000	58 000	381 000	113 000
Total Current Assets	1 441 000	1 632 000	1 970 000	1 594 000
Total Assets	1 486 000	1 636 000	1 977 000	1 604 000
Total Equity	764 000	579 000	586 000	441 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	422 000	553 000	620 000	409 000
Creditors	76 000	288 000	219 000	265 000
Unpaid Taxes	57 000	92 000	215 000	68 000
Dividends	0	0	0	0
Other Current Debt	91 000	108 000	286 000	332 000
Total Current Debt	299 000	504 000	771 000	753 000
Total Equity and Debt	1 486 000	1 636 000	1 977 000	1 604 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,35 %	−1,21 %	24,74 %	66,67 %
Debt-to-Equity Ratio	0,55	0,96	1,06	0,93
Operating Profit Margin	9,32 %	1,95 %	9,46 %	20,04 %
Current Ratio	4,82	3,24	2,56	2,12
Quick Ratio	−1,22	−2,02	−2,98	−3,08
Equity Ratio	0,51	0,35	0,3	0,27
Gross Profit Margin	37,1 %	25,36 %	35,83 %	49,05 %