ARCTIC CIRCLES AS

9151 STORSLETT

Finances

Share Ownership

Return on Equity

53,01 %

Current Ratio

0,5

Debt-to-Equity Ratio

2,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	366 000	364 000	241 000	1 172 000
Net Income	97 000	−14 000	−133 000	523 000
Total Assets	732 000	745 000	856 000	899 000
Total Equity	183 000	86 000	99 000	233 000

Income (NOK)	2022	2021	2020	2019
Revenue	366 000	364 000	241 000	1 172 000
Expenditure	271 000	355 000	382 000	508 000
Operating Profit	96 000	9 000	−140 000	665 000
Financial Income	0	0	1 000	1 000
Financial Costs	20 000	23 000	31 000	85 000
Financial Balance	−20 000	−23 000	−30 000	−84 000
Earnings Before Tax	76 000	−14 000	−170 000	581 000
Tax	−21 000	0	−37 000	58 000
Net Income	97 000	−14 000	−133 000	523 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	652 000	686 000	769 000	17 000
Total Current Assets	81 000	59 000	87 000	882 000
Total Assets	732 000	745 000	856 000	899 000
Total Retained Equity	153 000	56 000	69 000	203 000
Total Equity	183 000	86 000	99 000	233 000
Total Long-Term Debt	387 000	570 000	731 000	214 000
Total Current Debt	163 000	89 000	25 000	452 000
Total Equity and Debt	732 000	745 000	856 000	899 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	241 000	404 000
Other Income	366 000	364 000	0	768 000
Revenue	366 000	364 000	241 000	1 172 000
Cost of Goods Sold	−4 000	−5 000	0	0
Salary Costs	6 000	0	16 000	2 000
Depreciation	80 000	83 000	83 000	161 000
Impairment	0	0	0	0
Expenditure	271 000	355 000	382 000	508 000
Operating Profit	96 000	9 000	−140 000	665 000
Financial Income	0	0	1 000	1 000
Financial Costs	20 000	23 000	31 000	85 000
Financial Balance	−20 000	−23 000	−30 000	−84 000
Dividends	0	0	0	0
Net Income	97 000	−14 000	−133 000	523 000

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	42 000	3 000	10 000	17 000
Total Tangible Assets	647 000	681 000	764 000	17 000
Total Fiancial Fixed Assets	5 000	5 000	5 000	0
Total Fixed Assets	652 000	686 000	769 000	17 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	32 000	30 000	73 000	882 000
Total Current Assets	81 000	59 000	87 000	882 000
Total Assets	732 000	745 000	856 000	899 000
Total Equity	183 000	86 000	99 000	233 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	387 000	570 000	731 000	214 000
Creditors	0	0	3 000	28 000
Unpaid Taxes	0	−11 000	0	424 000
Dividends	0	0	0	0
Other Current Debt	163 000	105 000	22 000	0
Total Current Debt	163 000	89 000	25 000	452 000
Total Equity and Debt	732 000	745 000	856 000	899 000

Financial indicators	2022	2021	2020	2019
Return on Equity	53,01 %	−16,28 %	−134,34 %	224,46 %
Debt-to-Equity Ratio	2,11	6,63	7,38	0,92
Operating Profit Margin	26,23 %	2,47 %	−58,09 %	56,74 %
Current Ratio	0,5	0,66	3,48	1,95
Quick Ratio	0,5	0,66	3,48	1,95
Equity Ratio	0,25	0,12	0,12	0,26
Gross Profit Margin	101,09 %	101,37 %	100 %	100 %