ARCTIC SPITSBERGEN SERVICE AS

9170 LONGYEARBYEN

Finances

Share Ownership

Return on Equity

39,07 %

Current Ratio

0,45

Debt-to-Equity Ratio

−0,41

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 040 000	2 299 000	2 919 000	917 000
Net Income	−143 000	−37 000	232 000	−1 048 000
Total Assets	245 000	183 000	257 000	376 000
Total Equity	−366 000	−223 000	−187 000	−518 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 040 000	2 299 000	2 919 000	917 000
Expenditure	2 142 000	2 336 000	2 673 000	1 966 000
Operating Profit	−103 000	−37 000	246 000	−1 049 000
Financial Income	1 000	1 000	0	1 000
Financial Costs	41 000	1 000	14 000	0
Financial Balance	−40 000	0	−14 000	1 000
Earnings Before Tax	−143 000	−37 000	232 000	−1 048 000
Tax	0	0	0	0
Net Income	−143 000	−37 000	232 000	−1 048 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	35 000	53 000	0	0
Total Current Assets	210 000	129 000	257 000	376 000
Total Assets	245 000	183 000	257 000	376 000
Total Retained Equity	−1 066 000	−923 000	−887 000	−1 118 000
Total Equity	−366 000	−223 000	−187 000	−518 000
Total Long-Term Debt	150 000	150 000	150 000	250 000
Total Current Debt	462 000	256 000	293 000	645 000
Total Equity and Debt	245 000	183 000	257 000	376 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 040 000	2 299 000	2 919 000	915 000
Other Income	0	0	0	2 000
Revenue	2 040 000	2 299 000	2 919 000	917 000
Cost of Goods Sold	625 000	727 000	1 010 000	521 000
Salary Costs	580 000	818 000	967 000	405 000
Depreciation	18 000	2 000	0	0
Impairment	0	0	0	0
Expenditure	2 142 000	2 336 000	2 673 000	1 966 000
Operating Profit	−103 000	−37 000	246 000	−1 049 000
Financial Income	1 000	1 000	0	1 000
Financial Costs	41 000	1 000	14 000	0
Financial Balance	−40 000	0	−14 000	1 000
Dividends	0	0	0	0
Net Income	−143 000	−37 000	232 000	−1 048 000

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	35 000	53 000	0	0
Total Tangible Assets	35 000	53 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	35 000	53 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	83 000	60 000	189 000	52 000
Total Current Assets	210 000	129 000	257 000	376 000
Total Assets	245 000	183 000	257 000	376 000
Total Equity	−366 000	−223 000	−187 000	−518 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	150 000	150 000	150 000	250 000
Creditors	332 000	150 000	117 000	484 000
Unpaid Taxes	20 000	21 000	15 000	78 000
Dividends	0	0	0	0
Other Current Debt	110 000	85 000	162 000	83 000
Total Current Debt	462 000	256 000	293 000	645 000
Total Equity and Debt	245 000	183 000	257 000	376 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,07 %	16,59 %	−124,06 %	202,32 %
Debt-to-Equity Ratio	−0,41	−0,67	−0,8	−0,48
Operating Profit Margin	−5,05 %	−1,61 %	8,43 %	−114,39 %
Current Ratio	0,45	0,5	0,88	0,58
Quick Ratio	0,45	0,5	0,88	0,58
Equity Ratio	−1,49	−1,22	−0,73	−1,38
Gross Profit Margin	69,36 %	68,38 %	65,4 %	43,18 %