ARCTIC RØRSERVICE AS

9750 HONNINGSVÅG

Finances

Return on Equity

6,43 %

Current Ratio

1,89

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 691 000	5 554 000	5 748 000	3 406 000
Net Income	73 000	64 000	346 000	257 000
Total Assets	2 097 000	1 980 000	1 896 000	1 281 000
Total Equity	1 135 000	1 062 000	997 000	652 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 691 000	5 554 000	5 748 000	3 406 000
Expenditure	5 611 000	5 486 000	5 305 000	3 085 000
Operating Profit	79 000	69 000	444 000	321 000
Financial Income	10 000	8 000	7 000	7 000
Financial Costs	0	0	0	0
Financial Balance	10 000	8 000	7 000	7 000
Earnings Before Tax	89 000	77 000	450 000	328 000
Tax	16 000	13 000	104 000	71 000
Net Income	73 000	64 000	346 000	257 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	274 000	125 000	157 000	122 000
Total Current Assets	1 823 000	1 855 000	1 738 000	1 159 000
Total Assets	2 097 000	1 980 000	1 896 000	1 281 000
Total Retained Equity	1 035 000	962 000	904 000	559 000
Total Equity	1 135 000	1 062 000	997 000	652 000
Total Long-Term Debt	0	0	0	2 000
Total Current Debt	963 000	918 000	898 000	627 000
Total Equity and Debt	2 097 000	1 980 000	1 896 000	1 281 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 691 000	5 554 000	5 669 000	3 406 000
Other Income	0	0	79 000	0
Revenue	5 691 000	5 554 000	5 748 000	3 406 000
Cost of Goods Sold	2 410 000	2 175 000	2 505 000	1 509 000
Salary Costs	2 250 000	2 221 000	1 957 000	1 242 000
Depreciation	17 000	0	0	0
Impairment	0	0	0	0
Expenditure	5 611 000	5 486 000	5 305 000	3 085 000
Operating Profit	79 000	69 000	444 000	321 000
Financial Income	10 000	8 000	7 000	7 000
Financial Costs	0	0	0	0
Financial Balance	10 000	8 000	7 000	7 000
Dividends	0	0	0	0
Net Income	73 000	64 000	346 000	257 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	175 000	0	0	0
Total Tangible Assets	175 000	0	0	0
Total Fiancial Fixed Assets	99 000	125 000	157 000	122 000
Total Fixed Assets	274 000	125 000	157 000	122 000
Stock	457 000	312 000	251 000	271 000
Total Investments	0	0	0	0
Cash, Bank	489 000	513 000	234 000	335 000
Total Current Assets	1 823 000	1 855 000	1 738 000	1 159 000
Total Assets	2 097 000	1 980 000	1 896 000	1 281 000
Total Equity	1 135 000	1 062 000	997 000	652 000
Short-Term Group Debt	0	128 000	149 000	40 000
Total Long-Term Debt	0	0	0	2 000
Creditors	433 000	319 000	131 000	55 000
Unpaid Taxes	271 000	212 000	302 000	204 000
Dividends	0	0	0	0
Other Current Debt	243 000	247 000	209 000	258 000
Total Current Debt	963 000	918 000	898 000	627 000
Total Equity and Debt	2 097 000	1 980 000	1 896 000	1 281 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,43 %	6,03 %	34,7 %	39,42 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,39 %	1,24 %	7,72 %	9,42 %
Current Ratio	1,89	2,02	1,94	1,85
Quick Ratio	3,6	3,06	2,69	3,26
Equity Ratio	0,54	0,54	0,53	0,51
Gross Profit Margin	57,65 %	60,84 %	56,42 %	55,7 %