ARCTIC ALGAE AS

6084 LARSNES

Finances

Share Ownership

Return on Equity

−35,55 %

Current Ratio

8,79

Debt-to-Equity Ratio

0,36

Key figures (NOK)	2022	2021	2020
Revenue	546 000	386 000	267 000
Net Income	−4 542 000	−4 010 000	−1 518 000
Total Assets	18 003 000	26 529 000	11 947 000
Total Equity	12 778 000	9 170 000	−1 423 000

Income (NOK)	2022	2021	2020
Revenue	546 000	386 000	267 000
Expenditure	4 865 000	4 135 000	1 496 000
Operating Profit	−4 320 000	−3 750 000	−1 229 000
Financial Income	2 000	2 000	4 000
Financial Costs	224 000	261 000	292 000
Financial Balance	−222 000	−259 000	−288 000
Earnings Before Tax	−4 542 000	−4 010 000	−1 518 000
Tax	0	0	0
Net Income	−4 542 000	−4 010 000	−1 518 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	12 994 000	13 318 000	9 493 000
Total Current Assets	5 009 000	13 212 000	2 454 000
Total Assets	18 003 000	26 529 000	11 947 000
Total Retained Equity	0	0	−1 518 000
Total Equity	12 778 000	9 170 000	−1 423 000
Total Long-Term Debt	4 654 000	16 694 000	11 988 000
Total Current Debt	570 000	665 000	1 383 000
Total Equity and Debt	18 003 000	26 529 000	11 947 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	50 000	16 000
Other Income	546 000	336 000	251 000
Revenue	546 000	386 000	267 000
Cost of Goods Sold	0	5 000	0
Salary Costs	2 367 000	1 718 000	400 000
Depreciation	1 084 000	597 000	495 000
Impairment	0	0	0
Expenditure	4 865 000	4 135 000	1 496 000
Operating Profit	−4 320 000	−3 750 000	−1 229 000
Financial Income	2 000	2 000	4 000
Financial Costs	224 000	261 000	292 000
Financial Balance	−222 000	−259 000	−288 000
Dividends	0	0	0
Net Income	−4 542 000	−4 010 000	−1 518 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	4 329 000
Real Eastate	0	0	0
Machinery and Plant Facilities	12 323 000	13 017 000	4 831 000
Fixtures	443 000	300 000	334 000
Total Tangible Assets	12 994 000	13 318 000	5 164 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	12 994 000	13 318 000	9 493 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	4 724 000	649 000	148 000
Total Current Assets	5 009 000	13 212 000	2 454 000
Total Assets	18 003 000	26 529 000	11 947 000
Total Equity	12 778 000	9 170 000	−1 423 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	4 654 000	16 694 000	11 988 000
Creditors	240 000	310 000	1 198 000
Unpaid Taxes	99 000	139 000	81 000
Dividends	0	0	0
Other Current Debt	231 000	216 000	104 000
Total Current Debt	570 000	665 000	1 383 000
Total Equity and Debt	18 003 000	26 529 000	11 947 000

Financial indicators	2022	2021	2020
Return on Equity	−35,55 %	−43,73 %	106,68 %
Debt-to-Equity Ratio	0,36	1,82	−8,42
Operating Profit Margin	−791,21 %	−971,5 %	−460,3 %
Current Ratio	8,79	19,87	1,77
Quick Ratio	8,79	19,87	1,77
Equity Ratio	0,71	0,35	−0,12
Gross Profit Margin	100 %	98,7 %	100 %