ARCTIC REAL ESTATE DEVELOPMENT AS

0161 OSLO

Finances

Return on Equity

0,99 %

Current Ratio

N/A

Debt-to-Equity Ratio

−2,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	935 000	898 000	4 073 000	4 437 000
Net Income	−128 000	−3 208 000	−3 922 000	−3 706 000
Total Assets	22 039 000	21 484 000	16 890 000	7 741 000
Total Equity	−12 920 000	−12 792 000	−9 584 000	−5 662 000

Income (NOK)	2022	2021	2020	2019
Revenue	935 000	898 000	4 073 000	4 437 000
Expenditure	97 000	5 011 000	8 683 000	8 868 000
Operating Profit	838 000	−4 113 000	−4 610 000	−4 432 000
Financial Income	1 329 000	814 000	440 000	92 000
Financial Costs	2 337 000	1 507 000	857 000	410 000
Financial Balance	−1 008 000	−693 000	−417 000	−318 000
Earnings Before Tax	−170 000	−4 806 000	−5 027 000	−4 750 000
Tax	−43 000	−1 598 000	−1 106 000	−1 044 000
Net Income	−128 000	−3 208 000	−3 922 000	−3 706 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	21 983 000	21 428 000	15 466 000	4 106 000
Total Current Assets	55 000	56 000	1 424 000	3 635 000
Total Assets	22 039 000	21 484 000	16 890 000	7 741 000
Total Retained Equity	−13 950 000	−13 822 000	−10 614 000	−6 692 000
Total Equity	−12 920 000	−12 792 000	−9 584 000	−5 662 000
Total Long-Term Debt	34 958 000	33 921 000	25 114 000	12 034 000
Total Current Debt	0	355 000	1 360 000	1 370 000
Total Equity and Debt	22 039 000	21 484 000	16 890 000	7 741 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	935 000	898 000	4 073 000	4 437 000
Revenue	935 000	898 000	4 073 000	4 437 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	3 937 000	7 387 000	7 604 000
Depreciation	0	15 000	24 000	24 000
Impairment	0	0	0	0
Expenditure	97 000	5 011 000	8 683 000	8 868 000
Operating Profit	838 000	−4 113 000	−4 610 000	−4 432 000
Financial Income	1 329 000	814 000	440 000	92 000
Financial Costs	2 337 000	1 507 000	857 000	410 000
Financial Balance	−1 008 000	−693 000	−417 000	−318 000
Dividends	0	0	0	0
Net Income	−128 000	−3 208 000	−3 922 000	−3 706 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 630 000	4 587 000	2 989 000	1 883 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	25 000	50 000
Total Tangible Assets	0	0	25 000	50 000
Total Fiancial Fixed Assets	17 354 000	16 841 000	12 451 000	2 173 000
Total Fixed Assets	21 983 000	21 428 000	15 466 000	4 106 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	48 000	37 000	498 000	708 000
Total Current Assets	55 000	56 000	1 424 000	3 635 000
Total Assets	22 039 000	21 484 000	16 890 000	7 741 000
Total Equity	−12 920 000	−12 792 000	−9 584 000	−5 662 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	34 958 000	33 921 000	25 114 000	12 034 000
Creditors	0	0	3 000	14 000
Unpaid Taxes	0	97 000	673 000	675 000
Dividends	0	0	0	0
Other Current Debt	0	259 000	684 000	681 000
Total Current Debt	0	355 000	1 360 000	1 370 000
Total Equity and Debt	22 039 000	21 484 000	16 890 000	7 741 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,99 %	25,08 %	40,92 %	65,45 %
Debt-to-Equity Ratio	−2,71	−2,65	−2,62	−2,13
Operating Profit Margin	89,63 %	−458,02 %	−113,18 %	−99,89 %
Current Ratio	-	0,16	1,05	2,65
Quick Ratio	-	0,16	1,05	2,65
Equity Ratio	−0,59	−0,6	−0,57	−0,73
Gross Profit Margin	100 %	100 %	100 %	100 %