ARCTIC GARDEN AS

8410 LØDINGEN

Finances

Share Ownership

Return on Equity

−49,68 %

Current Ratio

0,4

Debt-to-Equity Ratio

12,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	552 000	77 000	128 000	437 000
Net Income	−236 000	−379 000	−161 000	−18 000
Total Assets	6 788 000	7 797 000	1 584 000	1 454 000
Total Equity	475 000	710 000	1 089 000	1 250 000

Income (NOK)	2022	2021	2020	2019
Revenue	552 000	77 000	128 000	437 000
Expenditure	641 000	391 000	288 000	453 000
Operating Profit	−89 000	−314 000	−161 000	−16 000
Financial Income	6 000	6 000	0	1 000
Financial Costs	153 000	72 000	0	3 000
Financial Balance	−147 000	−66 000	0	−2 000
Earnings Before Tax	−236 000	−379 000	−161 000	−18 000
Tax	0	0	0	0
Net Income	−236 000	−379 000	−161 000	−18 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 575 000	5 785 000	1 405 000	980 000
Total Current Assets	213 000	2 012 000	179 000	474 000
Total Assets	6 788 000	7 797 000	1 584 000	1 454 000
Total Retained Equity	−985 000	−750 000	−371 000	−210 000
Total Equity	475 000	710 000	1 089 000	1 250 000
Total Long-Term Debt	5 781 000	5 709 000	309 000	0
Total Current Debt	532 000	1 378 000	186 000	204 000
Total Equity and Debt	6 788 000	7 797 000	1 584 000	1 454 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	552 000	76 000	78 000	387 000
Other Income	0	2 000	50 000	50 000
Revenue	552 000	77 000	128 000	437 000
Cost of Goods Sold	47 000	0	0	6 000
Salary Costs	54 000	49 000	79 000	11 000
Depreciation	107 000	98 000	98 000	95 000
Impairment	0	0	0	0
Expenditure	641 000	391 000	288 000	453 000
Operating Profit	−89 000	−314 000	−161 000	−16 000
Financial Income	6 000	6 000	0	1 000
Financial Costs	153 000	72 000	0	3 000
Financial Balance	−147 000	−66 000	0	−2 000
Dividends	0	0	0	0
Net Income	−236 000	−379 000	−161 000	−18 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	6 392 000	5 698 000	1 253 000	762 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	183 000	87 000	152 000	217 000
Total Tangible Assets	6 575 000	5 785 000	1 405 000	980 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	6 575 000	5 785 000	1 405 000	980 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	112 000	832 000	163 000	261 000
Total Current Assets	213 000	2 012 000	179 000	474 000
Total Assets	6 788 000	7 797 000	1 584 000	1 454 000
Total Equity	475 000	710 000	1 089 000	1 250 000
Short-Term Group Debt	239 000	−11 000	0	1 000
Total Long-Term Debt	5 781 000	5 709 000	309 000	0
Creditors	136 000	1 246 000	18 000	81 000
Unpaid Taxes	1 000	0	4 000	0
Dividends	0	0	0	0
Other Current Debt	156 000	143 000	164 000	123 000
Total Current Debt	532 000	1 378 000	186 000	204 000
Total Equity and Debt	6 788 000	7 797 000	1 584 000	1 454 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−49,68 %	−53,38 %	−14,78 %	−1,44 %
Debt-to-Equity Ratio	12,17	8,04	0,28	0
Operating Profit Margin	−16,12 %	−407,79 %	−125,78 %	−3,66 %
Current Ratio	0,4	1,46	0,96	2,32
Quick Ratio	0,4	1,46	0,96	2,32
Equity Ratio	0,07	0,09	0,69	0,86
Gross Profit Margin	91,49 %	100 %	100 %	98,63 %