ARCTIC TECHNOLOGY AS

9101 KVALØYSLETTA

Finances

Share Ownership

Return on Equity

−21,11 %

Current Ratio

2,5

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	737 000	298 000	229 000	119 000
Net Income	−19 000	24 000	−3 000	65 000
Total Assets	143 000	145 000	97 000	170 000
Total Equity	90 000	109 000	85 000	88 000

Income (NOK)	2022	2021	2020	2019
Revenue	737 000	298 000	229 000	119 000
Expenditure	760 000	261 000	232 000	38 000
Operating Profit	−22 000	36 000	−3 000	81 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−22 000	36 000	−3 000	81 000
Tax	−3 000	12 000	−1 000	16 000
Net Income	−19 000	24 000	−3 000	65 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 000	20 000	29 000	22 000
Total Current Assets	130 000	124 000	69 000	148 000
Total Assets	143 000	145 000	97 000	170 000
Total Retained Equity	60 000	79 000	55 000	58 000
Total Equity	90 000	109 000	85 000	88 000
Total Long-Term Debt	1 000	4 000	1 000	2 000
Total Current Debt	52 000	31 000	11 000	80 000
Total Equity and Debt	143 000	145 000	97 000	170 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	736 000	298 000	229 000	119 000
Other Income	1 000	0	0	0
Revenue	737 000	298 000	229 000	119 000
Cost of Goods Sold	0	0	0	0
Salary Costs	294 000	12 000	49 000	0
Depreciation	8 000	8 000	8 000	1 000
Impairment	0	0	0	0
Expenditure	760 000	261 000	232 000	38 000
Operating Profit	−22 000	36 000	−3 000	81 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−19 000	24 000	−3 000	65 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	7 000	14 000	22 000
Total Tangible Assets	13 000	20 000	29 000	22 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	13 000	20 000	29 000	22 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	47 000	76 000	42 000	0
Total Current Assets	130 000	124 000	69 000	148 000
Total Assets	143 000	145 000	97 000	170 000
Total Equity	90 000	109 000	85 000	88 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	4 000	1 000	2 000
Creditors	17 000	3 000	3 000	8 000
Unpaid Taxes	10 000	14 000	3 000	24 000
Dividends	0	0	0	0
Other Current Debt	26 000	5 000	4 000	34 000
Total Current Debt	52 000	31 000	11 000	80 000
Total Equity and Debt	143 000	145 000	97 000	170 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−21,11 %	22,02 %	−3,53 %	73,86 %
Debt-to-Equity Ratio	0,01	0,04	0,01	0,02
Operating Profit Margin	−2,99 %	12,08 %	−1,31 %	68,07 %
Current Ratio	2,5	4	6,27	1,85
Quick Ratio	2,5	4	6,27	1,85
Equity Ratio	0,63	0,75	0,88	0,52
Gross Profit Margin	100 %	100 %	100 %	100 %