ARCTIC MINERAL RESOURCES AS

6817 NAUSTDAL

Finances

Return on Equity

−112,37 %

Current Ratio

3,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 966 000	1 798 000	693 000	272 000
Net Income	−27 152 000	−15 009 000	−5 177 000	14 000
Total Assets	34 588 000	11 698 000	10 229 000	295 000
Total Equity	24 164 000	10 654 000	9 359 000	−39 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 966 000	1 798 000	693 000	272 000
Expenditure	30 328 000	16 802 000	5 873 000	258 000
Operating Profit	−27 361 000	−15 005 000	−5 180 000	14 000
Financial Income	259 000	15 000	3 000	0
Financial Costs	50 000	19 000	0	0
Financial Balance	209 000	−4 000	3 000	0
Earnings Before Tax	−27 152 000	−15 009 000	−5 177 000	14 000
Tax	0	0	0	0
Net Income	−27 152 000	−15 009 000	−5 177 000	14 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	30 000	1 978 000	0	0
Total Current Assets	34 558 000	9 720 000	10 229 000	295 000
Total Assets	34 588 000	11 698 000	10 229 000	295 000
Total Retained Equity	−47 409 000	−20 251 000	−5 247 000	−70 000
Total Equity	24 164 000	10 654 000	9 359 000	−39 000
Total Long-Term Debt	0	0	0	50 000
Total Current Debt	10 423 000	1 044 000	870 000	284 000
Total Equity and Debt	34 588 000	11 698 000	10 229 000	295 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	219 000	33 000	0	50 000
Other Income	2 748 000	1 765 000	693 000	222 000
Revenue	2 966 000	1 798 000	693 000	272 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	416 000	0	0	0
Impairment	0	0	0	0
Expenditure	30 328 000	16 802 000	5 873 000	258 000
Operating Profit	−27 361 000	−15 005 000	−5 180 000	14 000
Financial Income	259 000	15 000	3 000	0
Financial Costs	50 000	19 000	0	0
Financial Balance	209 000	−4 000	3 000	0
Dividends	0	0	0	0
Net Income	−27 152 000	−15 009 000	−5 177 000	14 000

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	0	0	0	0
Total Tangible Assets	0	1 978 000	0	0
Total Fiancial Fixed Assets	30 000	0	0	0
Total Fixed Assets	30 000	1 978 000	0	0
Stock	246 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	16 251 000	7 192 000	8 738 000	3 000
Total Current Assets	34 558 000	9 720 000	10 229 000	295 000
Total Assets	34 588 000	11 698 000	10 229 000	295 000
Total Equity	24 164 000	10 654 000	9 359 000	−39 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	50 000
Creditors	6 765 000	982 000	591 000	284 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	3 659 000	62 000	279 000	0
Total Current Debt	10 423 000	1 044 000	870 000	284 000
Total Equity and Debt	34 588 000	11 698 000	10 229 000	295 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−112,37 %	−140,88 %	−55,32 %	−35,9 %
Debt-to-Equity Ratio	0	0	0	−1,28
Operating Profit Margin	−922,49 %	−834,54 %	−747,47 %	5,15 %
Current Ratio	3,32	9,31	11,76	1,04
Quick Ratio	3,4	9,31	11,76	1,04
Equity Ratio	0,7	0,91	0,91	−0,13
Gross Profit Margin	100 %	100 %	100 %	100 %