ARCTIC SEA TO SUMMITS AS

9409 HARSTAD

Finances

Share Ownership

Return on Equity

34,62 %

Current Ratio

0,7

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020
Revenue	503 000	394 000	13 000
Net Income	90 000	140 000	0
Total Assets	485 000	631 000	231 000
Total Equity	260 000	170 000	30 000

Income (NOK)	2022	2021	2020
Revenue	503 000	394 000	13 000
Expenditure	386 000	232 000	13 000
Operating Profit	116 000	180 000	0
Financial Income	0	0	0
Financial Costs	1 000	1 000	0
Financial Balance	−1 000	−1 000	0
Earnings Before Tax	115 000	179 000	0
Tax	25 000	39 000	0
Net Income	90 000	140 000	0

Balance (NOK)	2022	2021	2020
Total Fixed Assets	328 000	371 000	225 000
Total Current Assets	157 000	259 000	7 000
Total Assets	485 000	631 000	231 000
Total Retained Equity	230 000	140 000	0
Total Equity	260 000	170 000	30 000
Total Long-Term Debt	2 000	1 000	0
Total Current Debt	223 000	460 000	201 000
Total Equity and Debt	485 000	631 000	231 000

Cash flow (NOK)	2022	2021	2020
Sales Income	299 000	109 000	13 000
Other Income	204 000	285 000	0
Revenue	503 000	394 000	13 000
Cost of Goods Sold	0	19 000	9 000
Salary Costs	4 000	0	0
Depreciation	88 000	57 000	0
Impairment	0	0	0
Expenditure	386 000	232 000	13 000
Operating Profit	116 000	180 000	0
Financial Income	0	0	0
Financial Costs	1 000	1 000	0
Financial Balance	−1 000	−1 000	0
Dividends	0	0	0
Net Income	90 000	140 000	0

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	288 000	339 000	225 000
Real Eastate	0	0	0
Machinery and Plant Facilities	15 000	0	0
Fixtures	25 000	33 000	0
Total Tangible Assets	40 000	33 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	328 000	371 000	225 000
Stock	17 000	17 000	0
Total Investments	0	0	0
Cash, Bank	138 000	128 000	7 000
Total Current Assets	157 000	259 000	7 000
Total Assets	485 000	631 000	231 000
Total Equity	260 000	170 000	30 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 000	1 000	0
Creditors	0	0	0
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	198 000	422 000	201 000
Total Current Debt	223 000	460 000	201 000
Total Equity and Debt	485 000	631 000	231 000

Financial indicators	2022	2021	2020
Return on Equity	34,62 %	82,35 %	0 %
Debt-to-Equity Ratio	0,01	0,01	0
Operating Profit Margin	23,06 %	45,69 %	0 %
Current Ratio	0,7	0,56	0,03
Quick Ratio	0,76	0,58	0,03
Equity Ratio	0,54	0,27	0,13
Gross Profit Margin	100 %	95,18 %	30,77 %