BEST ARCTIC GROUP AS

9008 TROMSØ

Finances

Return on Equity

1,56 %

Current Ratio

1,25

Debt-to-Equity Ratio

1,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	160 522 000	931 000	644 000	564 000
Net Income	249 000	−1 430 000	−145 000	−322 000
Total Assets	71 636 000	70 263 000	267 000	1 058 000
Total Equity	15 949 000	69 736 000	−182 000	−292 000

Income (NOK)	2022	2021	2020	2019
Revenue	160 522 000	931 000	644 000	564 000
Expenditure	161 070 000	2 348 000	789 000	886 000
Operating Profit	−548 000	−1 417 000	−145 000	−322 000
Financial Income	165 000	0	0	0
Financial Costs	1 220 000	13 000	0	0
Financial Balance	−1 055 000	−13 000	0	0
Earnings Before Tax	−1 603 000	−1 430 000	−145 000	−322 000
Tax	−1 852 000	0	0	0
Net Income	249 000	−1 430 000	−145 000	−322 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	29 528 000	51 181 000	0	126 000
Total Current Assets	42 108 000	19 083 000	267 000	932 000
Total Assets	71 636 000	70 263 000	267 000	1 058 000
Total Retained Equity	−55 683 000	−1 897 000	−467 000	−322 000
Total Equity	15 949 000	69 736 000	−182 000	−292 000
Total Long-Term Debt	21 975 000	0	0	0
Total Current Debt	33 712 000	528 000	449 000	1 350 000
Total Equity and Debt	71 636 000	70 263 000	267 000	1 058 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	150 451 000	0	−10 000	330 000
Other Income	10 072 000	931 000	654 000	234 000
Revenue	160 522 000	931 000	644 000	564 000
Cost of Goods Sold	46 557 000	1 031 000	0	0
Salary Costs	53 056 000	266 000	0	0
Depreciation	10 713 000	21 000	0	0
Impairment	0	0	0	0
Expenditure	161 070 000	2 348 000	789 000	886 000
Operating Profit	−548 000	−1 417 000	−145 000	−322 000
Financial Income	165 000	0	0	0
Financial Costs	1 220 000	13 000	0	0
Financial Balance	−1 055 000	−13 000	0	0
Dividends	0	0	0	0
Net Income	249 000	−1 430 000	−145 000	−322 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	250 000	0	0	0
Total Intangible Assets	4 670 000	0	0	126 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	23 102 000	0	0	0
Fixtures	608 000	168 000	0	0
Total Tangible Assets	23 710 000	168 000	0	0
Total Fiancial Fixed Assets	1 149 000	51 012 000	0	0
Total Fixed Assets	29 528 000	51 181 000	0	126 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	15 276 000	19 064 000	231 000	120 000
Total Current Assets	42 108 000	19 083 000	267 000	932 000
Total Assets	71 636 000	70 263 000	267 000	1 058 000
Total Equity	15 949 000	69 736 000	−182 000	−292 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	21 975 000	0	0	0
Creditors	14 917 000	457 000	389 000	772 000
Unpaid Taxes	2 471 000	−68 000	0	0
Dividends	0	0	0	0
Other Current Debt	16 324 000	138 000	60 000	578 000
Total Current Debt	33 712 000	528 000	449 000	1 350 000
Total Equity and Debt	71 636 000	70 263 000	267 000	1 058 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,56 %	−2,05 %	79,67 %	110,27 %
Debt-to-Equity Ratio	1,38	0	−0	−0
Operating Profit Margin	−0,34 %	−152,2 %	−22,52 %	−57,09 %
Current Ratio	1,25	36,14	0,59	0,69
Quick Ratio	1,25	36,14	0,59	0,69
Equity Ratio	0,22	0,99	−0,68	−0,28
Gross Profit Margin	71 %	−10,74 %	100 %	100 %