ARCTIC SEA HOTEL & APARTMENTS AS

9601 HAMMERFEST

Finances

Share Ownership

Return on Equity

12,31 %

Current Ratio

0,8

Debt-to-Equity Ratio

10,67

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 066 000	4 913 000	2 131 000	122 000
Net Income	841 000	−197 000	553 000	−151 000
Total Assets	88 017 000	67 943 000	24 178 000	11 195 000
Total Equity	6 833 000	4 992 000	2 547 000	1 994 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 066 000	4 913 000	2 131 000	122 000
Expenditure	15 975 000	4 745 000	1 322 000	245 000
Operating Profit	4 091 000	169 000	809 000	−123 000
Financial Income	3 000	6 000	2 000	1 000
Financial Costs	3 003 000	424 000	102 000	97 000
Financial Balance	−3 000 000	−418 000	−100 000	−96 000
Earnings Before Tax	1 090 000	−250 000	709 000	−219 000
Tax	250 000	−53 000	156 000	−68 000
Net Income	841 000	−197 000	553 000	−151 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	81 391 000	61 049 000	22 096 000	9 661 000
Total Current Assets	6 626 000	6 894 000	2 082 000	1 535 000
Total Assets	88 017 000	67 943 000	24 178 000	11 195 000
Total Retained Equity	965 000	124 000	321 000	−232 000
Total Equity	6 833 000	4 992 000	2 547 000	1 994 000
Total Long-Term Debt	72 906 000	24 116 000	17 763 000	3 457 000
Total Current Debt	8 278 000	38 836 000	3 868 000	5 745 000
Total Equity and Debt	88 017 000	67 943 000	24 178 000	11 195 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 501 000	4 913 000	1 026 000	122 000
Other Income	1 565 000	0	1 105 000	0
Revenue	20 066 000	4 913 000	2 131 000	122 000
Cost of Goods Sold	4 632 000	1 496 000	337 000	0
Salary Costs	4 061 000	1 027 000	466 000	0
Depreciation	3 197 000	1 002 000	143 000	47 000
Impairment	0	0	0	0
Expenditure	15 975 000	4 745 000	1 322 000	245 000
Operating Profit	4 091 000	169 000	809 000	−123 000
Financial Income	3 000	6 000	2 000	1 000
Financial Costs	3 003 000	424 000	102 000	97 000
Financial Balance	−3 000 000	−418 000	−100 000	−96 000
Dividends	0	0	0	0
Net Income	841 000	−197 000	553 000	−151 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	71 072 000	58 312 000	20 777 000	9 456 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 425 000	2 738 000	1 318 000	205 000
Total Tangible Assets	81 156 000	61 049 000	22 096 000	9 661 000
Total Fiancial Fixed Assets	235 000	0	0	0
Total Fixed Assets	81 391 000	61 049 000	22 096 000	9 661 000
Stock	29 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 034 000	599 000	485 000	849 000
Total Current Assets	6 626 000	6 894 000	2 082 000	1 535 000
Total Assets	88 017 000	67 943 000	24 178 000	11 195 000
Total Equity	6 833 000	4 992 000	2 547 000	1 994 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	72 906 000	24 116 000	17 763 000	3 457 000
Creditors	4 977 000	5 552 000	3 614 000	81 000
Unpaid Taxes	220 000	37 000	14 000	−48 000
Dividends	0	0	0	0
Other Current Debt	3 082 000	322 000	240 000	5 712 000
Total Current Debt	8 278 000	38 836 000	3 868 000	5 745 000
Total Equity and Debt	88 017 000	67 943 000	24 178 000	11 195 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,31 %	−3,95 %	21,71 %	−7,57 %
Debt-to-Equity Ratio	10,67	4,83	6,97	1,73
Operating Profit Margin	20,39 %	3,44 %	37,96 %	−100,82 %
Current Ratio	0,8	0,18	0,54	0,27
Quick Ratio	0,8	0,18	0,54	0,27
Equity Ratio	0,08	0,07	0,11	0,18
Gross Profit Margin	76,92 %	69,55 %	84,19 %	100 %