ARCTIC COOLING-SYSTEMS AS

8665 MOSJØEN

Finances

Share Ownership

Return on Equity

68,18 %

Current Ratio

3,05

Debt-to-Equity Ratio

−13,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	400 000	1 475 000	1 254 000	1 427 000
Net Income	−45 000	30 000	−84 000	1 000
Total Assets	1 130 000	1 120 000	484 000	621 000
Total Equity	−66 000	−21 000	−51 000	33 000

Income (NOK)	2022	2021	2020	2019
Revenue	400 000	1 475 000	1 254 000	1 427 000
Expenditure	384 000	1 429 000	1 333 000	1 428 000
Operating Profit	16 000	45 000	−79 000	−1 000
Financial Income	0	0	0	2 000
Financial Costs	61 000	15 000	5 000	0
Financial Balance	−61 000	−15 000	−5 000	2 000
Earnings Before Tax	−45 000	30 000	−84 000	1 000
Tax	0	0	0	0
Net Income	−45 000	30 000	−84 000	1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	184 000	172 000	181 000	314 000
Total Current Assets	946 000	948 000	302 000	307 000
Total Assets	1 130 000	1 120 000	484 000	621 000
Total Retained Equity	−96 000	−51 000	−81 000	3 000
Total Equity	−66 000	−21 000	−51 000	33 000
Total Long-Term Debt	887 000	980 000	187 000	0
Total Current Debt	310 000	161 000	348 000	588 000
Total Equity and Debt	1 130 000	1 120 000	484 000	621 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	400 000	1 475 000	1 254 000	1 427 000
Other Income	0	0	0	0
Revenue	400 000	1 475 000	1 254 000	1 427 000
Cost of Goods Sold	0	0	0	9 000
Salary Costs	0	596 000	780 000	621 000
Depreciation	15 000	9 000	6 000	4 000
Impairment	0	0	0	0
Expenditure	384 000	1 429 000	1 333 000	1 428 000
Operating Profit	16 000	45 000	−79 000	−1 000
Financial Income	0	0	0	2 000
Financial Costs	61 000	15 000	5 000	0
Financial Balance	−61 000	−15 000	−5 000	2 000
Dividends	0	0	0	0
Net Income	−45 000	30 000	−84 000	1 000

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	28 000	38 000	14 000
Total Tangible Assets	40 000	28 000	38 000	14 000
Total Fiancial Fixed Assets	144 000	144 000	144 000	300 000
Total Fixed Assets	184 000	172 000	181 000	314 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	567 000	−144 000	29 000
Total Current Assets	946 000	948 000	302 000	307 000
Total Assets	1 130 000	1 120 000	484 000	621 000
Total Equity	−66 000	−21 000	−51 000	33 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	887 000	980 000	187 000	0
Creditors	45 000	45 000	56 000	6 000
Unpaid Taxes	0	0	82 000	165 000
Dividends	0	0	0	0
Other Current Debt	118 000	116 000	211 000	417 000
Total Current Debt	310 000	161 000	348 000	588 000
Total Equity and Debt	1 130 000	1 120 000	484 000	621 000

Financial indicators	2022	2021	2020	2019
Return on Equity	68,18 %	−142,86 %	164,71 %	3,03 %
Debt-to-Equity Ratio	−13,44	−46,67	−3,67	0
Operating Profit Margin	4 %	3,05 %	−6,3 %	−0,07 %
Current Ratio	3,05	5,89	0,87	0,52
Quick Ratio	3,05	5,89	0,87	0,52
Equity Ratio	−0,06	−0,02	−0,11	0,05
Gross Profit Margin	100 %	100 %	100 %	99,37 %