ARCTIC OIL TOOLS AS

8517 NARVIK

Finances

Return on Equity

8,25 %

Current Ratio

0,97

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 650 000	1 562 000	2 297 000	1 687 000
Net Income	72 000	43 000	264 000	363 000
Total Assets	2 092 000	1 882 000	1 791 000	1 706 000
Total Equity	873 000	801 000	758 000	494 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 650 000	1 562 000	2 297 000	1 687 000
Expenditure	1 546 000	1 511 000	2 079 000	1 244 000
Operating Profit	104 000	52 000	219 000	443 000
Financial Income	0	0	66 000	1 000
Financial Costs	11 000	6 000	20 000	14 000
Financial Balance	−11 000	−6 000	46 000	−13 000
Earnings Before Tax	94 000	45 000	264 000	430 000
Tax	21 000	3 000	0	67 000
Net Income	72 000	43 000	264 000	363 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	909 000	1 018 000	867 000	845 000
Total Current Assets	1 183 000	863 000	924 000	861 000
Total Assets	2 092 000	1 882 000	1 791 000	1 706 000
Total Retained Equity	823 000	751 000	708 000	444 000
Total Equity	873 000	801 000	758 000	494 000
Total Long-Term Debt	4 000	14 000	97 000	175 000
Total Current Debt	1 215 000	1 067 000	935 000	1 037 000
Total Equity and Debt	2 092 000	1 882 000	1 791 000	1 706 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 311 000	1 330 000	2 341 000	1 528 000
Other Income	338 000	232 000	−44 000	159 000
Revenue	1 650 000	1 562 000	2 297 000	1 687 000
Cost of Goods Sold	25 000	0	707 000	0
Salary Costs	926 000	804 000	606 000	677 000
Depreciation	9 000	9 000	5 000	0
Impairment	0	0	0	0
Expenditure	1 546 000	1 511 000	2 079 000	1 244 000
Operating Profit	104 000	52 000	219 000	443 000
Financial Income	0	0	66 000	1 000
Financial Costs	11 000	6 000	20 000	14 000
Financial Balance	−11 000	−6 000	46 000	−13 000
Dividends	0	0	0	0
Net Income	72 000	43 000	264 000	363 000

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	5 000	14 000	23 000	0
Total Tangible Assets	5 000	14 000	23 000	0
Total Fiancial Fixed Assets	905 000	1 005 000	845 000	845 000
Total Fixed Assets	909 000	1 018 000	867 000	845 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	597 000	433 000	539 000	328 000
Total Current Assets	1 183 000	863 000	924 000	861 000
Total Assets	2 092 000	1 882 000	1 791 000	1 706 000
Total Equity	873 000	801 000	758 000	494 000
Short-Term Group Debt	867 000	790 000	790 000	790 000
Total Long-Term Debt	4 000	14 000	97 000	175 000
Creditors	36 000	35 000	19 000	32 000
Unpaid Taxes	213 000	128 000	33 000	133 000
Dividends	0	0	0	0
Other Current Debt	98 000	110 000	93 000	82 000
Total Current Debt	1 215 000	1 067 000	935 000	1 037 000
Total Equity and Debt	2 092 000	1 882 000	1 791 000	1 706 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,25 %	5,37 %	34,83 %	73,48 %
Debt-to-Equity Ratio	0	0,02	0,13	0,35
Operating Profit Margin	6,3 %	3,33 %	9,53 %	26,26 %
Current Ratio	0,97	0,81	0,99	0,83
Quick Ratio	0,97	0,81	0,99	0,83
Equity Ratio	0,42	0,43	0,42	0,29
Gross Profit Margin	98,48 %	100 %	69,22 %	100 %