ARCTIC VVS AS

9308 FINNSNES

Finances

Return on Equity

23,72 %

Current Ratio

0,78

Debt-to-Equity Ratio

0,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 974 000	5 689 000	5 619 000	5 349 000
Net Income	976 000	584 000	999 000	929 000
Total Assets	5 817 000	6 643 000	3 264 000	2 430 000
Total Equity	4 114 000	3 137 000	2 554 000	1 555 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 974 000	5 689 000	5 619 000	5 349 000
Expenditure	4 662 000	4 899 000	4 326 000	4 138 000
Operating Profit	1 312 000	790 000	1 294 000	1 211 000
Financial Income	6 000	4 000	7 000	4 000
Financial Costs	74 000	64 000	2 000	4 000
Financial Balance	−68 000	−60 000	5 000	0
Earnings Before Tax	1 243 000	731 000	1 298 000	1 211 000
Tax	267 000	147 000	299 000	282 000
Net Income	976 000	584 000	999 000	929 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 235 000	5 333 000	266 000	417 000
Total Current Assets	582 000	1 310 000	2 999 000	2 013 000
Total Assets	5 817 000	6 643 000	3 264 000	2 430 000
Total Retained Equity	4 014 000	3 037 000	2 454 000	1 455 000
Total Equity	4 114 000	3 137 000	2 554 000	1 555 000
Total Long-Term Debt	958 000	2 900 000	0	0
Total Current Debt	746 000	606 000	710 000	875 000
Total Equity and Debt	5 817 000	6 643 000	3 264 000	2 430 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 830 000	5 617 000	5 619 000	5 349 000
Other Income	144 000	72 000	0	0
Revenue	5 974 000	5 689 000	5 619 000	5 349 000
Cost of Goods Sold	1 967 000	2 211 000	1 973 000	1 764 000
Salary Costs	1 916 000	1 814 000	1 631 000	1 480 000
Depreciation	258 000	263 000	151 000	144 000
Impairment	0	0	0	0
Expenditure	4 662 000	4 899 000	4 326 000	4 138 000
Operating Profit	1 312 000	790 000	1 294 000	1 211 000
Financial Income	6 000	4 000	7 000	4 000
Financial Costs	74 000	64 000	2 000	4 000
Financial Balance	−68 000	−60 000	5 000	0
Dividends	0	0	0	0
Net Income	976 000	584 000	999 000	929 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 899 000	5 063 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	251 000	185 000	266 000	417 000
Total Tangible Assets	5 150 000	5 248 000	266 000	417 000
Total Fiancial Fixed Assets	85 000	85 000	0	0
Total Fixed Assets	5 235 000	5 333 000	266 000	417 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	245 000	609 000	2 713 000	1 587 000
Total Current Assets	582 000	1 310 000	2 999 000	2 013 000
Total Assets	5 817 000	6 643 000	3 264 000	2 430 000
Total Equity	4 114 000	3 137 000	2 554 000	1 555 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	958 000	2 900 000	0	0
Creditors	200 000	157 000	62 000	281 000
Unpaid Taxes	99 000	194 000	242 000	183 000
Dividends	0	0	0	0
Other Current Debt	180 000	108 000	107 000	115 000
Total Current Debt	746 000	606 000	710 000	875 000
Total Equity and Debt	5 817 000	6 643 000	3 264 000	2 430 000

Financial indicators	2022	2021	2020	2019
Return on Equity	23,72 %	18,62 %	39,12 %	59,74 %
Debt-to-Equity Ratio	0,23	0,92	0	0
Operating Profit Margin	21,96 %	13,89 %	23,03 %	22,64 %
Current Ratio	0,78	2,16	4,22	2,3
Quick Ratio	0,78	2,16	4,22	2,3
Equity Ratio	0,71	0,47	0,78	0,64
Gross Profit Margin	67,07 %	61,14 %	64,89 %	67,02 %