ARCTIC CULINA AS

9130 HANSNES

Finances

Share Ownership

Return on Equity

11,11 %

Current Ratio

0,04

Debt-to-Equity Ratio

−0,43

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	14 000	26 000	370 000
Net Income	−166 000	−201 000	−620 000	−1 341 000
Total Assets	78 000	202 000	1 057 000	1 884 000
Total Equity	−1 494 000	−1 328 000	−1 127 000	−507 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	14 000	26 000	370 000
Expenditure	133 000	216 000	649 000	1 696 000
Operating Profit	−133 000	−202 000	−623 000	−1 342 000
Financial Income	4 000	1 000	3 000	5 000
Financial Costs	38 000	0	0	4 000
Financial Balance	−34 000	1 000	3 000	1 000
Earnings Before Tax	−166 000	−201 000	−620 000	−1 341 000
Tax	0	0	0	0
Net Income	−166 000	−201 000	−620 000	−1 341 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	40 000	93 000	149 000	205 000
Total Current Assets	38 000	109 000	908 000	1 679 000
Total Assets	78 000	202 000	1 057 000	1 884 000
Total Retained Equity	−2 594 000	−2 428 000	−2 227 000	−1 607 000
Total Equity	−1 494 000	−1 328 000	−1 127 000	−507 000
Total Long-Term Debt	635 000	1 390 000	2 100 000	2 000 000
Total Current Debt	937 000	140 000	84 000	391 000
Total Equity and Debt	78 000	202 000	1 057 000	1 884 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	14 000	26 000	370 000
Other Income	0	0	0	0
Revenue	0	14 000	26 000	370 000
Cost of Goods Sold	40 000	95 000	101 000	193 000
Salary Costs	0	0	173 000	495 000
Depreciation	53 000	56 000	56 000	51 000
Impairment	0	0	0	0
Expenditure	133 000	216 000	649 000	1 696 000
Operating Profit	−133 000	−202 000	−623 000	−1 342 000
Financial Income	4 000	1 000	3 000	5 000
Financial Costs	38 000	0	0	4 000
Financial Balance	−34 000	1 000	3 000	1 000
Dividends	0	0	0	0
Net Income	−166 000	−201 000	−620 000	−1 341 000

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	40 000	93 000	149 000	205 000
Total Tangible Assets	40 000	93 000	149 000	205 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	40 000	93 000	149 000	205 000
Stock	0	33 000	102 000	178 000
Total Investments	0	0	0	0
Cash, Bank	29 000	64 000	793 000	1 320 000
Total Current Assets	38 000	109 000	908 000	1 679 000
Total Assets	78 000	202 000	1 057 000	1 884 000
Total Equity	−1 494 000	−1 328 000	−1 127 000	−507 000
Short-Term Group Debt	0	0	40 000	0
Total Long-Term Debt	635 000	1 390 000	2 100 000	2 000 000
Creditors	13 000	18 000	21 000	273 000
Unpaid Taxes	0	0	7 000	36 000
Dividends	0	0	0	0
Other Current Debt	924 000	122 000	16 000	83 000
Total Current Debt	937 000	140 000	84 000	391 000
Total Equity and Debt	78 000	202 000	1 057 000	1 884 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,11 %	15,14 %	55,01 %	264,5 %
Debt-to-Equity Ratio	−0,43	−1,05	−1,86	−3,94
Operating Profit Margin	-	−1 442,86 %	−2 396,15 %	−362,7 %
Current Ratio	0,04	0,78	10,81	4,29
Quick Ratio	0,04	1,02	−50,44	7,88
Equity Ratio	−19,15	−6,57	−1,07	−0,27
Gross Profit Margin	-	−578,57 %	−288,46 %	47,84 %