ARCTIC COATING AS

3570 ÅL

Finances

Share Ownership

Return on Equity

185,22 %

Current Ratio

0,8

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 299 000	1 006 000	2 642 000	463 000
Net Income	−213 000	−255 000	154 000	65 000
Total Assets	634 000	261 000	590 000	320 000
Total Equity	−115 000	98 000	353 000	199 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 299 000	1 006 000	2 642 000	463 000
Expenditure	1 500 000	1 269 000	2 440 000	369 000
Operating Profit	−200 000	−262 000	202 000	95 000
Financial Income	3 000	8 000	3 000	0
Financial Costs	15 000	2 000	7 000	13 000
Financial Balance	−12 000	6 000	−4 000	−13 000
Earnings Before Tax	−213 000	−257 000	198 000	83 000
Tax	0	−2 000	44 000	18 000
Net Income	−213 000	−255 000	154 000	65 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	38 000	65 000	92 000	118 000
Total Current Assets	596 000	197 000	498 000	202 000
Total Assets	634 000	261 000	590 000	320 000
Total Retained Equity	−255 000	−42 000	213 000	65 000
Total Equity	−115 000	98 000	353 000	199 000
Total Long-Term Debt	0	0	2 000	3 000
Total Current Debt	749 000	163 000	236 000	118 000
Total Equity and Debt	634 000	261 000	590 000	320 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	823 000	904 000	2 296 000	463 000
Other Income	476 000	102 000	346 000	0
Revenue	1 299 000	1 006 000	2 642 000	463 000
Cost of Goods Sold	456 000	519 000	1 495 000	206 000
Salary Costs	299 000	321 000	326 000	70 000
Depreciation	27 000	27 000	27 000	15 000
Impairment	0	0	0	0
Expenditure	1 500 000	1 269 000	2 440 000	369 000
Operating Profit	−200 000	−262 000	202 000	95 000
Financial Income	3 000	8 000	3 000	0
Financial Costs	15 000	2 000	7 000	13 000
Financial Balance	−12 000	6 000	−4 000	−13 000
Dividends	0	0	0	0
Net Income	−213 000	−255 000	154 000	65 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	38 000	65 000	68 000	88 000
Total Intangible Assets	38 000	65 000	91 000	118 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	1 000	0
Total Fixed Assets	38 000	65 000	92 000	118 000
Stock	115 000	143 000	149 000	0
Total Investments	0	0	0	0
Cash, Bank	79 000	14 000	169 000	160 000
Total Current Assets	596 000	197 000	498 000	202 000
Total Assets	634 000	261 000	590 000	320 000
Total Equity	−115 000	98 000	353 000	199 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	2 000	3 000
Creditors	517 000	35 000	96 000	52 000
Unpaid Taxes	72 000	30 000	27 000	6 000
Dividends	0	0	0	0
Other Current Debt	89 000	91 000	68 000	46 000
Total Current Debt	749 000	163 000	236 000	118 000
Total Equity and Debt	634 000	261 000	590 000	320 000

Financial indicators	2022	2021	2020	2019
Return on Equity	185,22 %	−260,2 %	43,63 %	32,66 %
Debt-to-Equity Ratio	−0	0	0,01	0,02
Operating Profit Margin	−15,4 %	−26,04 %	7,65 %	20,52 %
Current Ratio	0,8	1,21	2,11	1,71
Quick Ratio	0,94	9,85	5,72	1,71
Equity Ratio	−0,18	0,38	0,6	0,62
Gross Profit Margin	64,9 %	48,41 %	43,41 %	55,51 %