ARCTIC OFFSHORE FARMING AS

7266 KVERVA

Finances

Share Ownership

Return on Equity

−395,81 %

Current Ratio

0,33

Debt-to-Equity Ratio

0,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−521 466 000	−31 063 000	−12 177 000	−2 396 000
Total Assets	1 872 108 000	2 132 364 000	1 152 265 000	381 381 000
Total Equity	131 748 000	236 932 000	48 742 000	47 665 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	592 098 000	7 114 000	2 200 000	62 000
Operating Profit	−592 098 000	−7 114 000	−2 200 000	−62 000
Financial Income	223 000	81 000	30 000	149 000
Financial Costs	77 945 000	34 129 000	14 788 000	4 413 000
Financial Balance	−77 722 000	−34 048 000	−14 758 000	−4 264 000
Earnings Before Tax	−669 820 000	−41 163 000	−16 958 000	−4 327 000
Tax	−148 355 000	−10 100 000	−4 781 000	−1 930 000
Net Income	−521 466 000	−31 063 000	−12 177 000	−2 396 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 325 283 000	1 826 001 000	1 117 983 000	335 078 000
Total Current Assets	546 825 000	306 363 000	34 282 000	46 304 000
Total Assets	1 872 108 000	2 132 364 000	1 152 265 000	381 381 000
Total Retained Equity	81 748 000	186 932 000	−1 258 000	−2 335 000
Total Equity	131 748 000	236 932 000	48 742 000	47 665 000
Total Long-Term Debt	83 293 000	121 016 000	2 914 000	3 368 000
Total Current Debt	1 657 067 000	1 774 416 000	1 100 609 000	330 348 000
Total Equity and Debt	1 872 108 000	2 132 364 000	1 152 265 000	381 381 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	80 000	0	0
Salary Costs	10 599 000	0	0	−3 000
Depreciation	61 540 000	486 000	446 000	0
Impairment	478 420 000	0	0	0
Expenditure	592 098 000	7 114 000	2 200 000	62 000
Operating Profit	−592 098 000	−7 114 000	−2 200 000	−62 000
Financial Income	223 000	81 000	30 000	149 000
Financial Costs	77 945 000	34 129 000	14 788 000	4 413 000
Financial Balance	−77 722 000	−34 048 000	−14 758 000	−4 264 000
Dividends	0	0	0	0
Net Income	−521 466 000	−31 063 000	−12 177 000	−2 396 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	3 079 000	2 036 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 248 780 000	1 745 346 000	1 111 945 000	329 637 000
Fixtures	1 220 000	1 103 000	2 959 000	3 404 000
Total Tangible Assets	1 325 283 000	1 826 001 000	1 114 903 000	333 041 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 325 283 000	1 826 001 000	1 117 983 000	335 078 000
Stock	0	3 060 000	0	0
Total Investments	0	0	0	0
Cash, Bank	545 000	471 000	168 000	58 000
Total Current Assets	546 825 000	306 363 000	34 282 000	46 304 000
Total Assets	1 872 108 000	2 132 364 000	1 152 265 000	381 381 000
Total Equity	131 748 000	236 932 000	48 742 000	47 665 000
Short-Term Group Debt	1 634 827 000	1 729 974 000	1 079 836 000	320 857 000
Total Long-Term Debt	83 293 000	121 016 000	2 914 000	3 368 000
Creditors	5 352 000	6 375 000	8 328 000	2 495 000
Unpaid Taxes	780 000	660 000	403 000	112 000
Dividends	0	0	0	0
Other Current Debt	16 108 000	37 407 000	12 042 000	6 778 000
Total Current Debt	1 657 067 000	1 774 416 000	1 100 609 000	330 348 000
Total Equity and Debt	1 872 108 000	2 132 364 000	1 152 265 000	381 381 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−395,81 %	−13,11 %	−24,98 %	−5,03 %
Debt-to-Equity Ratio	0,63	0,51	0,06	0,07
Operating Profit Margin	-	-	-	-
Current Ratio	0,33	0,17	0,03	0,14
Quick Ratio	0,33	0,17	0,03	0,14
Equity Ratio	0,07	0,11	0,04	0,12
Gross Profit Margin	-	-	-	-