ARCTIC TASTE OF NORWAY AS

9357 TENNEVOLL

Finances

Share Ownership

Return on Equity

31,11 %

Current Ratio

1,85

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 552 000	2 856 000	1 946 000	1 615 000
Net Income	275 000	−81 000	360 000	103 000
Total Assets	1 656 000	1 139 000	1 106 000	781 000
Total Equity	884 000	609 000	690 000	330 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 552 000	2 856 000	1 946 000	1 615 000
Expenditure	4 202 000	2 959 000	1 484 000	1 485 000
Operating Profit	351 000	−104 000	461 000	129 000
Financial Income	1 000	0	2 000	2 000
Financial Costs	0	0	2 000	3 000
Financial Balance	1 000	0	0	−1 000
Earnings Before Tax	352 000	−103 000	461 000	128 000
Tax	77 000	−23 000	101 000	25 000
Net Income	275 000	−81 000	360 000	103 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	226 000	310 000	363 000	154 000
Total Current Assets	1 430 000	830 000	743 000	627 000
Total Assets	1 656 000	1 139 000	1 106 000	781 000
Total Retained Equity	784 000	509 000	590 000	230 000
Total Equity	884 000	609 000	690 000	330 000
Total Long-Term Debt	0	0	7 000	35 000
Total Current Debt	773 000	531 000	409 000	416 000
Total Equity and Debt	1 656 000	1 139 000	1 106 000	781 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 547 000	2 856 000	1 946 000	1 615 000
Other Income	6 000	0	0	0
Revenue	4 552 000	2 856 000	1 946 000	1 615 000
Cost of Goods Sold	1 685 000	1 309 000	786 000	865 000
Salary Costs	1 182 000	585 000	109 000	263 000
Depreciation	116 000	107 000	84 000	30 000
Impairment	0	0	0	0
Expenditure	4 202 000	2 959 000	1 484 000	1 485 000
Operating Profit	351 000	−104 000	461 000	129 000
Financial Income	1 000	0	2 000	2 000
Financial Costs	0	0	2 000	3 000
Financial Balance	1 000	0	0	−1 000
Dividends	0	0	0	0
Net Income	275 000	−81 000	360 000	103 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	11 000	16 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	206 000	277 000	338 000	122 000
Total Tangible Assets	206 000	277 000	338 000	122 000
Total Fiancial Fixed Assets	9 000	17 000	25 000	32 000
Total Fixed Assets	226 000	310 000	363 000	154 000
Stock	238 000	235 000	130 000	193 000
Total Investments	0	0	0	0
Cash, Bank	734 000	547 000	436 000	263 000
Total Current Assets	1 430 000	830 000	743 000	627 000
Total Assets	1 656 000	1 139 000	1 106 000	781 000
Total Equity	884 000	609 000	690 000	330 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	7 000	35 000
Creditors	224 000	377 000	104 000	101 000
Unpaid Taxes	282 000	42 000	90 000	24 000
Dividends	0	0	0	0
Other Current Debt	194 000	112 000	119 000	268 000
Total Current Debt	773 000	531 000	409 000	416 000
Total Equity and Debt	1 656 000	1 139 000	1 106 000	781 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,11 %	−13,3 %	52,17 %	31,21 %
Debt-to-Equity Ratio	0	0	0,01	0,11
Operating Profit Margin	7,71 %	−3,64 %	23,69 %	7,99 %
Current Ratio	1,85	1,56	1,82	1,51
Quick Ratio	2,67	2,8	2,66	2,81
Equity Ratio	0,53	0,53	0,62	0,42
Gross Profit Margin	62,98 %	54,17 %	59,61 %	46,44 %