ARCTIC FARM AS

9007 TROMSØ

Finances

Share Ownership

Return on Equity

75 %

Current Ratio

0,14

Debt-to-Equity Ratio

−0,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	24 000	835 000	0
Net Income	−30 000	−55 000	−33 000	−1 000
Total Assets	3 000	32 000	119 000	38 000
Total Equity	−40 000	−50 000	5 000	38 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	24 000	835 000	0
Expenditure	3 000	95 000	877 000	1 000
Operating Profit	−3 000	−71 000	−41 000	−1 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	0
Earnings Before Tax	−3 000	−71 000	−42 000	−1 000
Tax	27 000	−16 000	−9 000	0
Net Income	−30 000	−55 000	−33 000	−1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	27 000	11 000	2 000
Total Current Assets	3 000	5 000	108 000	36 000
Total Assets	3 000	32 000	119 000	38 000
Total Retained Equity	−125 000	−95 000	−40 000	−7 000
Total Equity	−40 000	−50 000	5 000	38 000
Total Long-Term Debt	22 000	22 000	0	0
Total Current Debt	21 000	60 000	114 000	0
Total Equity and Debt	3 000	32 000	119 000	38 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	24 000	830 000	0
Other Income	0	1 000	6 000	0
Revenue	0	24 000	835 000	0
Cost of Goods Sold	0	17 000	290 000	0
Salary Costs	0	0	218 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 000	95 000	877 000	1 000
Operating Profit	−3 000	−71 000	−41 000	−1 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	0
Financial Balance	0	0	−1 000	0
Dividends	0	0	0	0
Net Income	−30 000	−55 000	−33 000	−1 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	27 000	11 000	2 000
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	0	0	0	0
Total Fixed Assets	0	27 000	11 000	2 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 000	3 000	49 000	36 000
Total Current Assets	3 000	5 000	108 000	36 000
Total Assets	3 000	32 000	119 000	38 000
Total Equity	−40 000	−50 000	5 000	38 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	22 000	22 000	0	0
Creditors	0	0	63 000	0
Unpaid Taxes	0	0	28 000	0
Dividends	0	0	0	0
Other Current Debt	21 000	60 000	23 000	0
Total Current Debt	21 000	60 000	114 000	0
Total Equity and Debt	3 000	32 000	119 000	38 000

Financial indicators	2022	2021	2020	2019
Return on Equity	75 %	110 %	−660 %	−2,63 %
Debt-to-Equity Ratio	−0,55	−0,44	0	0
Operating Profit Margin	-	−295,83 %	−4,91 %	-
Current Ratio	0,14	0,08	0,95	-
Quick Ratio	0,14	0,08	0,95	-
Equity Ratio	−13,33	−1,56	0,04	1
Gross Profit Margin	-	29,17 %	65,27 %	-