ARCTIC CIRCLE RACEWAY AS

8630 STORFORSHEIA

Finances

Share Ownership

Return on Equity

−56,76 %

Current Ratio

0,72

Debt-to-Equity Ratio

11,85

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 251 000	4 140 000	1 556 000	922 000
Net Income	−403 000	260 000	−1 237 000	−219 000
Total Assets	10 900 000	7 205 000	7 233 000	7 922 000
Total Equity	710 000	1 114 000	854 000	2 090 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 251 000	4 140 000	1 556 000	922 000
Expenditure	5 461 000	3 801 000	2 788 000	1 131 000
Operating Profit	−210 000	338 000	−1 231 000	−209 000
Financial Income	0	0	4 000	0
Financial Costs	193 000	78 000	9 000	10 000
Financial Balance	−193 000	−78 000	−5 000	−10 000
Earnings Before Tax	−403 000	260 000	−1 237 000	−219 000
Tax	0	0	0	0
Net Income	−403 000	260 000	−1 237 000	−219 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 618 000	7 281 000	7 144 000	7 917 000
Total Current Assets	1 282 000	−77 000	88 000	5 000
Total Assets	10 900 000	7 205 000	7 233 000	7 922 000
Total Retained Equity	−1 088 000	−685 000	−944 000	292 000
Total Equity	710 000	1 114 000	854 000	2 090 000
Total Long-Term Debt	8 414 000	5 247 000	5 047 000	4 165 000
Total Current Debt	1 776 000	844 000	1 332 000	1 666 000
Total Equity and Debt	10 900 000	7 205 000	7 233 000	7 922 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 136 000	3 732 000	737 000	2 000
Other Income	114 000	408 000	819 000	920 000
Revenue	5 251 000	4 140 000	1 556 000	922 000
Cost of Goods Sold	1 156 000	417 000	207 000	0
Salary Costs	1 505 000	641 000	10 000	3 000
Depreciation	666 000	115 000	113 000	125 000
Impairment	0	6 000	603 000	0
Expenditure	5 461 000	3 801 000	2 788 000	1 131 000
Operating Profit	−210 000	338 000	−1 231 000	−209 000
Financial Income	0	0	4 000	0
Financial Costs	193 000	78 000	9 000	10 000
Financial Balance	−193 000	−78 000	−5 000	−10 000
Dividends	0	0	0	0
Net Income	−403 000	260 000	−1 237 000	−219 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	9 093 000	6 924 000	6 997 000	7 671 000
Machinery and Plant Facilities	112 000	0	0	0
Fixtures	369 000	357 000	148 000	188 000
Total Tangible Assets	9 574 000	7 281 000	7 144 000	7 860 000
Total Fiancial Fixed Assets	44 000	0	0	57 000
Total Fixed Assets	9 618 000	7 281 000	7 144 000	7 917 000
Stock	19 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	77 000	−274 000	12 000	2 000
Total Current Assets	1 282 000	−77 000	88 000	5 000
Total Assets	10 900 000	7 205 000	7 233 000	7 922 000
Total Equity	710 000	1 114 000	854 000	2 090 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 414 000	5 247 000	5 047 000	4 165 000
Creditors	852 000	623 000	966 000	632 000
Unpaid Taxes	83 000	51 000	0	0
Dividends	0	0	0	0
Other Current Debt	255 000	170 000	366 000	1 034 000
Total Current Debt	1 776 000	844 000	1 332 000	1 666 000
Total Equity and Debt	10 900 000	7 205 000	7 233 000	7 922 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−56,76 %	23,34 %	−144,85 %	−10,48 %
Debt-to-Equity Ratio	11,85	4,71	5,91	1,99
Operating Profit Margin	−4 %	8,16 %	−79,11 %	−22,67 %
Current Ratio	0,72	−0,09	0,07	0
Quick Ratio	0,73	−0,09	0,07	0
Equity Ratio	0,07	0,15	0,12	0,26
Gross Profit Margin	77,99 %	89,93 %	86,7 %	100 %