ARCTIC SEAFOOD NORWAY AS

1388 BORGEN

Finances

Return on Equity

26,24 %

Current Ratio

4,16

Debt-to-Equity Ratio

4,93

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 714 000	1 689 000	3 223 000	1 113 000
Net Income	37 000	−2 000	6 000	1 000
Total Assets	1 085 000	499 000	1 461 000	423 000
Total Equity	141 000	104 000	105 000	100 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 714 000	1 689 000	3 223 000	1 113 000
Expenditure	2 666 000	1 689 000	3 216 000	1 109 000
Operating Profit	49 000	1 000	7 000	5 000
Financial Income	0	0	0	2 000
Financial Costs	1 000	2 000	2 000	6 000
Financial Balance	−1 000	−2 000	−2 000	−4 000
Earnings Before Tax	48 000	−2 000	6 000	1 000
Tax	11 000	0	0	0
Net Income	37 000	−2 000	6 000	1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	50 000	13 000	151 000	37 000
Total Current Assets	1 035 000	486 000	1 311 000	387 000
Total Assets	1 085 000	499 000	1 461 000	423 000
Total Retained Equity	41 000	4 000	5 000	0
Total Equity	141 000	104 000	105 000	100 000
Total Long-Term Debt	695 000	394 000	400 000	0
Total Current Debt	249 000	1 000	956 000	323 000
Total Equity and Debt	1 085 000	499 000	1 461 000	423 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 714 000	1 689 000	3 223 000	1 113 000
Other Income	0	0	0	0
Revenue	2 714 000	1 689 000	3 223 000	1 113 000
Cost of Goods Sold	2 303 000	1 546 000	3 127 000	1 001 000
Salary Costs	4 000	18 000	21 000	0
Depreciation	13 000	5 000	11 000	8 000
Impairment	0	0	0	0
Expenditure	2 666 000	1 689 000	3 216 000	1 109 000
Operating Profit	49 000	1 000	7 000	5 000
Financial Income	0	0	0	2 000
Financial Costs	1 000	2 000	2 000	6 000
Financial Balance	−1 000	−2 000	−2 000	−4 000
Dividends	0	0	0	0
Net Income	37 000	−2 000	6 000	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	0	13 000	101 000	37 000
Total Tangible Assets	0	13 000	101 000	37 000
Total Fiancial Fixed Assets	50 000	0	50 000	0
Total Fixed Assets	50 000	13 000	151 000	37 000
Stock	0	199 000	217 000	135 000
Total Investments	0	0	0	0
Cash, Bank	576 000	268 000	133 000	29 000
Total Current Assets	1 035 000	486 000	1 311 000	387 000
Total Assets	1 085 000	499 000	1 461 000	423 000
Total Equity	141 000	104 000	105 000	100 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	695 000	394 000	400 000	0
Creditors	107 000	0	0	0
Unpaid Taxes	24 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	108 000	1 000	956 000	323 000
Total Current Debt	249 000	1 000	956 000	323 000
Total Equity and Debt	1 085 000	499 000	1 461 000	423 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,24 %	−1,92 %	5,71 %	1 %
Debt-to-Equity Ratio	4,93	3,79	3,81	0
Operating Profit Margin	1,81 %	0,06 %	0,22 %	0,45 %
Current Ratio	4,16	486	1,37	1,2
Quick Ratio	4,16	−2,45	1,77	2,06
Equity Ratio	0,13	0,21	0,07	0,24
Gross Profit Margin	15,14 %	8,47 %	2,98 %	10,06 %