ARCTIC FISHING SOMMARØY AS

9108 KVALØYA

Finances

Share Ownership

Return on Equity

−97,25 %

Current Ratio

0,17

Debt-to-Equity Ratio

4,35

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 033 000	1 516 000	1 558 000	2 204 000
Net Income	−706 000	−300 000	−544 000	−186 000
Total Assets	5 798 000	5 809 000	5 631 000	5 964 000
Total Equity	726 000	489 000	788 000	1 333 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 033 000	1 516 000	1 558 000	2 204 000
Expenditure	2 726 000	1 742 000	2 037 000	2 337 000
Operating Profit	−693 000	−226 000	−479 000	−133 000
Financial Income	2 000	7 000	1 000	8 000
Financial Costs	213 000	165 000	220 000	114 000
Financial Balance	−211 000	−158 000	−219 000	−106 000
Earnings Before Tax	−905 000	−384 000	−698 000	−238 000
Tax	−199 000	−84 000	−154 000	−52 000
Net Income	−706 000	−300 000	−544 000	−186 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 482 000	5 260 000	5 302 000	5 090 000
Total Current Assets	316 000	549 000	329 000	874 000
Total Assets	5 798 000	5 809 000	5 631 000	5 964 000
Total Retained Equity	−2 177 000	−1 471 000	−1 172 000	−628 000
Total Equity	726 000	489 000	788 000	1 333 000
Total Long-Term Debt	3 160 000	3 718 000	3 446 000	3 358 000
Total Current Debt	1 912 000	1 602 000	1 397 000	1 273 000
Total Equity and Debt	5 798 000	5 809 000	5 631 000	5 964 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	490 000	168 000	561 000	211 000
Other Income	1 543 000	1 348 000	997 000	1 994 000
Revenue	2 033 000	1 516 000	1 558 000	2 204 000
Cost of Goods Sold	165 000	11 000	75 000	0
Salary Costs	670 000	388 000	334 000	792 000
Depreciation	226 000	207 000	200 000	136 000
Impairment	0	0	0	0
Expenditure	2 726 000	1 742 000	2 037 000	2 337 000
Operating Profit	−693 000	−226 000	−479 000	−133 000
Financial Income	2 000	7 000	1 000	8 000
Financial Costs	213 000	165 000	220 000	114 000
Financial Balance	−211 000	−158 000	−219 000	−106 000
Dividends	0	0	0	0
Net Income	−706 000	−300 000	−544 000	−186 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	516 000	317 000	232 000	79 000
Real Eastate	4 361 000	4 462 000	4 478 000	4 570 000
Machinery and Plant Facilities	292 000	219 000	236 000	33 000
Fixtures	172 000	52 000	74 000	56 000
Total Tangible Assets	4 966 000	4 943 000	5 070 000	5 011 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 482 000	5 260 000	5 302 000	5 090 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	166 000	387 000	274 000	797 000
Total Current Assets	316 000	549 000	329 000	874 000
Total Assets	5 798 000	5 809 000	5 631 000	5 964 000
Total Equity	726 000	489 000	788 000	1 333 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 160 000	3 718 000	3 446 000	3 358 000
Creditors	138 000	185 000	146 000	122 000
Unpaid Taxes	0	48 000	48 000	45 000
Dividends	0	0	0	0
Other Current Debt	1 774 000	1 369 000	1 202 000	1 106 000
Total Current Debt	1 912 000	1 602 000	1 397 000	1 273 000
Total Equity and Debt	5 798 000	5 809 000	5 631 000	5 964 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−97,25 %	−61,35 %	−69,04 %	−13,95 %
Debt-to-Equity Ratio	4,35	7,6	4,37	2,52
Operating Profit Margin	−34,09 %	−14,91 %	−30,74 %	−6,03 %
Current Ratio	0,17	0,34	0,24	0,69
Quick Ratio	0,17	0,34	0,24	0,69
Equity Ratio	0,13	0,08	0,14	0,22
Gross Profit Margin	91,88 %	99,27 %	95,19 %	100 %