MH ARCTIC AS

4608 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

44,31 %

Current Ratio

0,01

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	231 000	259 000	30 000
Net Income	−783 000	−890 000	−942 000	−412 000
Total Assets	4 566 000	5 244 000	5 277 000	3 190 000
Total Equity	−1 767 000	−984 000	−94 000	−252 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	231 000	259 000	30 000
Expenditure	785 000	699 000	991 000	440 000
Operating Profit	−785 000	−680 000	−732 000	−410 000
Financial Income	2 000	0	0	0
Financial Costs	0	210 000	210 000	2 000
Financial Balance	2 000	−210 000	−210 000	−2 000
Earnings Before Tax	−783 000	−890 000	−942 000	−412 000
Tax	0	0	0	0
Net Income	−783 000	−890 000	−942 000	−412 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 487 000	4 916 000	4 165 000	3 089 000
Total Current Assets	79 000	328 000	1 111 000	102 000
Total Assets	4 566 000	5 244 000	5 277 000	3 190 000
Total Retained Equity	−3 127 000	−2 344 000	−1 454 000	−512 000
Total Equity	−1 767 000	−984 000	−94 000	−252 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 333 000	6 228 000	5 371 000	3 443 000
Total Equity and Debt	4 566 000	5 244 000	5 277 000	3 190 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	231 000	259 000	30 000
Other Income	0	0	0	0
Revenue	0	231 000	259 000	30 000
Cost of Goods Sold	0	189 000	293 000	0
Salary Costs	0	4 000	285 000	243 000
Depreciation	505 000	7 000	1 000	0
Impairment	0	0	0	0
Expenditure	785 000	699 000	991 000	440 000
Operating Profit	−785 000	−680 000	−732 000	−410 000
Financial Income	2 000	0	0	0
Financial Costs	0	210 000	210 000	2 000
Financial Balance	2 000	−210 000	−210 000	−2 000
Dividends	0	0	0	0
Net Income	−783 000	−890 000	−942 000	−412 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 187 000	3 475 000	3 204 000	2 813 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 294 000	1 427 000	940 000	276 000
Fixtures	7 000	14 000	21 000	0
Total Tangible Assets	1 300 000	1 441 000	961 000	276 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 487 000	4 916 000	4 165 000	3 089 000
Stock	0	0	212 000	0
Total Investments	0	0	0	0
Cash, Bank	14 000	6 000	196 000	70 000
Total Current Assets	79 000	328 000	1 111 000	102 000
Total Assets	4 566 000	5 244 000	5 277 000	3 190 000
Total Equity	−1 767 000	−984 000	−94 000	−252 000
Short-Term Group Debt	4 812 000	4 303 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 522 000	1 467 000	1 819 000	568 000
Unpaid Taxes	0	0	8 000	82 000
Dividends	0	0	0	0
Other Current Debt	0	459 000	3 545 000	2 792 000
Total Current Debt	6 333 000	6 228 000	5 371 000	3 443 000
Total Equity and Debt	4 566 000	5 244 000	5 277 000	3 190 000

Financial indicators	2022	2021	2020	2019
Return on Equity	44,31 %	90,45 %	1 002,13 %	163,49 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	-	−294,37 %	−282,63 %	−1 366,67 %
Current Ratio	0,01	0,05	0,21	0,03
Quick Ratio	0,01	0,05	0,22	0,03
Equity Ratio	−0,39	−0,19	−0,02	−0,08
Gross Profit Margin	-	18,18 %	−13,13 %	100 %