ARCTIC FOOD & DRINKS AS

9600 HAMMERFEST

Finances

Return on Equity

140,5 %

Current Ratio

0,75

Debt-to-Equity Ratio

0,8

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 450 000	8 217 000	8 774 000	9 750 000
Net Income	451 000	−543 000	64 000	509 000
Total Assets	2 792 000	2 311 000	2 449 000	3 182 000
Total Equity	321 000	−131 000	413 000	859 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 450 000	8 217 000	8 774 000	9 750 000
Expenditure	9 922 000	8 783 000	8 643 000	9 034 000
Operating Profit	528 000	−566 000	131 000	716 000
Financial Income	11 000	0	0	0
Financial Costs	38 000	33 000	48 000	63 000
Financial Balance	−27 000	−33 000	−48 000	−63 000
Earnings Before Tax	500 000	−599 000	83 000	654 000
Tax	49 000	−56 000	19 000	145 000
Net Income	451 000	−543 000	64 000	509 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 124 000	1 317 000	1 581 000	1 799 000
Total Current Assets	1 668 000	994 000	868 000	1 383 000
Total Assets	2 792 000	2 311 000	2 449 000	3 182 000
Total Retained Equity	291 000	−161 000	383 000	319 000
Total Equity	321 000	−131 000	413 000	859 000
Total Long-Term Debt	258 000	449 000	699 000	868 000
Total Current Debt	2 213 000	1 993 000	1 337 000	1 456 000
Total Equity and Debt	2 792 000	2 311 000	2 449 000	3 182 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 303 000	7 511 000	8 524 000	9 750 000
Other Income	147 000	707 000	250 000	0
Revenue	10 450 000	8 217 000	8 774 000	9 750 000
Cost of Goods Sold	3 399 000	2 766 000	3 110 000	3 265 000
Salary Costs	4 242 000	3 742 000	2 950 000	3 646 000
Depreciation	334 000	339 000	320 000	285 000
Impairment	0	0	0	0
Expenditure	9 922 000	8 783 000	8 643 000	9 034 000
Operating Profit	528 000	−566 000	131 000	716 000
Financial Income	11 000	0	0	0
Financial Costs	38 000	33 000	48 000	63 000
Financial Balance	−27 000	−33 000	−48 000	−63 000
Dividends	0	0	0	0
Net Income	451 000	−543 000	64 000	509 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	13 000	29 000	45 000	61 000
Total Intangible Assets	53 000	79 000	95 000	111 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 041 000	1 209 000	1 486 000	1 689 000
Total Tangible Assets	1 041 000	1 209 000	1 486 000	1 689 000
Total Fiancial Fixed Assets	30 000	30 000	0	0
Total Fixed Assets	1 124 000	1 317 000	1 581 000	1 799 000
Stock	229 000	212 000	238 000	321 000
Total Investments	0	0	0	0
Cash, Bank	372 000	335 000	302 000	653 000
Total Current Assets	1 668 000	994 000	868 000	1 383 000
Total Assets	2 792 000	2 311 000	2 449 000	3 182 000
Total Equity	321 000	−131 000	413 000	859 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	258 000	449 000	699 000	868 000
Creditors	904 000	877 000	452 000	489 000
Unpaid Taxes	267 000	403 000	247 000	291 000
Dividends	0	0	0	0
Other Current Debt	1 004 000	713 000	590 000	669 000
Total Current Debt	2 213 000	1 993 000	1 337 000	1 456 000
Total Equity and Debt	2 792 000	2 311 000	2 449 000	3 182 000

Financial indicators	2022	2021	2020	2019
Return on Equity	140,5 %	414,5 %	15,5 %	59,25 %
Debt-to-Equity Ratio	0,8	−3,43	1,69	1,01
Operating Profit Margin	5,05 %	−6,89 %	1,49 %	7,34 %
Current Ratio	0,75	0,5	0,65	0,95
Quick Ratio	0,84	0,56	0,79	1,22
Equity Ratio	0,11	−0,06	0,17	0,27
Gross Profit Margin	67,47 %	66,34 %	64,55 %	66,51 %