ARCTIC LANDSCAPE HOTELS ATLANTERHAVSVEIEN AS

6433 HUSTAD

Finances

Share Ownership

Return on Equity

150,8 %

Current Ratio

0,21

Debt-to-Equity Ratio

−9,32

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	238 000	475 000	296 000
Net Income	−469 000	90 000	129 000	43 000
Total Assets	6 941 000	3 896 000	2 775 000	3 613 000
Total Equity	−311 000	30 000	30 000	29 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	238 000	475 000	296 000
Expenditure	358 000	64 000	141 000	203 000
Operating Profit	−358 000	174 000	333 000	94 000
Financial Income	0	0	0	0
Financial Costs	147 000	59 000	166 000	38 000
Financial Balance	−147 000	−59 000	−166 000	−38 000
Earnings Before Tax	−505 000	115 000	167 000	55 000
Tax	−36 000	25 000	38 000	12 000
Net Income	−469 000	90 000	129 000	43 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 023 000	3 716 000	2 492 000	2 566 000
Total Current Assets	918 000	180 000	283 000	1 047 000
Total Assets	6 941 000	3 896 000	2 775 000	3 613 000
Total Retained Equity	−341 000	0	0	−1 000
Total Equity	−311 000	30 000	30 000	29 000
Total Long-Term Debt	2 899 000	2 910 000	925 000	0
Total Current Debt	4 354 000	956 000	1 820 000	3 584 000
Total Equity and Debt	6 941 000	3 896 000	2 775 000	3 613 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	238 000	475 000	296 000
Revenue	0	238 000	475 000	296 000
Cost of Goods Sold	0	0	−2 000	97 000
Salary Costs	0	0	0	0
Depreciation	3 000	4 000	0	0
Impairment	0	0	0	0
Expenditure	358 000	64 000	141 000	203 000
Operating Profit	−358 000	174 000	333 000	94 000
Financial Income	0	0	0	0
Financial Costs	147 000	59 000	166 000	38 000
Financial Balance	−147 000	−59 000	−166 000	−38 000
Dividends	0	0	0	0
Net Income	−469 000	90 000	129 000	43 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	6 010 000	3 700 000	2 492 000	2 566 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	13 000	16 000	0	0
Total Tangible Assets	6 023 000	3 716 000	2 492 000	2 566 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	6 023 000	3 716 000	2 492 000	2 566 000
Stock	0	0	32 000	0
Total Investments	0	0	0	0
Cash, Bank	73 000	54 000	192 000	1 000
Total Current Assets	918 000	180 000	283 000	1 047 000
Total Assets	6 941 000	3 896 000	2 775 000	3 613 000
Total Equity	−311 000	30 000	30 000	29 000
Short-Term Group Debt	945 000	811 000	1 654 000	3 582 000
Total Long-Term Debt	2 899 000	2 910 000	925 000	0
Creditors	3 195 000	0	0	2 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	14 000	29 000	0	0
Total Current Debt	4 354 000	956 000	1 820 000	3 584 000
Total Equity and Debt	6 941 000	3 896 000	2 775 000	3 613 000

Financial indicators	2022	2021	2020	2019
Return on Equity	150,8 %	300 %	430 %	148,28 %
Debt-to-Equity Ratio	−9,32	97	30,83	0
Operating Profit Margin	-	73,11 %	70,11 %	31,76 %
Current Ratio	0,21	0,19	0,16	0,29
Quick Ratio	0,21	0,19	0,16	0,29
Equity Ratio	−0,04	0,01	0,01	0,01
Gross Profit Margin	-	100 %	100,42 %	67,23 %