ARCTIC CULINA OPERATIONS AS

9130 HANSNES

Finances

Return on Equity

−2,45 %

Current Ratio

307

Debt-to-Equity Ratio

0,85

Key figures (NOK)	2022	2021	2020	2019
Revenue	100 000	100 000	100 000	60 000
Net Income	−35 000	−74 000	−11 000	−50 000
Total Assets	2 642 000	2 635 000	2 535 000	2 547 000
Total Equity	1 426 000	1 460 000	1 535 000	1 546 000

Income (NOK)	2022	2021	2020	2019
Revenue	100 000	100 000	100 000	60 000
Expenditure	135 000	174 000	111 000	110 000
Operating Profit	−35 000	−74 000	−11 000	−50 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−35 000	−74 000	−11 000	−50 000
Tax	0	0	0	0
Net Income	−35 000	−74 000	−11 000	−50 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 335 000	2 400 000	2 400 000	2 500 000
Total Current Assets	307 000	235 000	135 000	47 000
Total Assets	2 642 000	2 635 000	2 535 000	2 547 000
Total Retained Equity	−179 000	−144 000	−69 000	−59 000
Total Equity	1 426 000	1 460 000	1 535 000	1 546 000
Total Long-Term Debt	1 215 000	1 175 000	1 000 000	0
Total Current Debt	1 000	0	0	1 001 000
Total Equity and Debt	2 642 000	2 635 000	2 535 000	2 547 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	60 000
Other Income	100 000	100 000	100 000	0
Revenue	100 000	100 000	100 000	60 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	135 000	174 000	111 000	110 000
Operating Profit	−35 000	−74 000	−11 000	−50 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−35 000	−74 000	−11 000	−50 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	600 000	700 000	800 000	900 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	1 735 000	1 700 000	1 600 000	1 600 000
Total Fixed Assets	2 335 000	2 400 000	2 400 000	2 500 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	7 000	20 000	20 000	30 000
Total Current Assets	307 000	235 000	135 000	47 000
Total Assets	2 642 000	2 635 000	2 535 000	2 547 000
Total Equity	1 426 000	1 460 000	1 535 000	1 546 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 215 000	1 175 000	1 000 000	0
Creditors	0	0	0	1 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 000	0	0	1 000 000
Total Current Debt	1 000	0	0	1 001 000
Total Equity and Debt	2 642 000	2 635 000	2 535 000	2 547 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,45 %	−5,07 %	−0,72 %	−3,23 %
Debt-to-Equity Ratio	0,85	0,8	0,65	0
Operating Profit Margin	−35 %	−74 %	−11 %	−83,33 %
Current Ratio	307	-	-	0,05
Quick Ratio	307	-	-	0,05
Equity Ratio	0,54	0,55	0,61	0,61
Gross Profit Margin	100 %	100 %	100 %	100 %