ARCTIC GLASSTUDIO AS

9980 BERLEVÅG

Finances

Return on Equity

50,81 %

Current Ratio

10,72

Debt-to-Equity Ratio

0,66

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 102 000	1 965 000	1 793 000	2 218 000
Net Income	944 000	105 000	61 000	−78 000
Total Assets	3 325 000	2 835 000	2 522 000	2 487 000
Total Equity	1 858 000	914 000	809 000	747 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 102 000	1 965 000	1 793 000	2 218 000
Expenditure	1 877 000	1 835 000	1 708 000	2 268 000
Operating Profit	1 225 000	130 000	85 000	−50 000
Financial Income	4 000	0	1 000	2 000
Financial Costs	17 000	22 000	25 000	29 000
Financial Balance	−13 000	−22 000	−24 000	−27 000
Earnings Before Tax	1 212 000	107 000	61 000	−78 000
Tax	268 000	2 000	0	0
Net Income	944 000	105 000	61 000	−78 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	675 000	1 111 000	1 177 000	1 298 000
Total Current Assets	2 649 000	1 725 000	1 345 000	1 189 000
Total Assets	3 325 000	2 835 000	2 522 000	2 487 000
Total Retained Equity	1 058 000	114 000	9 000	−53 000
Total Equity	1 858 000	914 000	809 000	747 000
Total Long-Term Debt	1 220 000	1 448 000	1 495 000	1 495 000
Total Current Debt	247 000	474 000	219 000	245 000
Total Equity and Debt	3 325 000	2 835 000	2 522 000	2 487 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 065 000	1 401 000	1 559 000	1 974 000
Other Income	2 037 000	565 000	234 000	245 000
Revenue	3 102 000	1 965 000	1 793 000	2 218 000
Cost of Goods Sold	118 000	83 000	53 000	264 000
Salary Costs	1 105 000	986 000	901 000	1 251 000
Depreciation	99 000	116 000	121 000	122 000
Impairment	0	0	0	0
Expenditure	1 877 000	1 835 000	1 708 000	2 268 000
Operating Profit	1 225 000	130 000	85 000	−50 000
Financial Income	4 000	0	1 000	2 000
Financial Costs	17 000	22 000	25 000	29 000
Financial Balance	−13 000	−22 000	−24 000	−27 000
Dividends	0	0	0	0
Net Income	944 000	105 000	61 000	−78 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	46 000	194 000	196 000	196 000
Real Eastate	624 000	851 000	957 000	1 063 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	61 000	19 000	34 000
Total Tangible Assets	624 000	912 000	976 000	1 097 000
Total Fiancial Fixed Assets	5 000	5 000	5 000	5 000
Total Fixed Assets	675 000	1 111 000	1 177 000	1 298 000
Stock	819 000	802 000	793 000	730 000
Total Investments	0	0	0	0
Cash, Bank	1 796 000	843 000	525 000	417 000
Total Current Assets	2 649 000	1 725 000	1 345 000	1 189 000
Total Assets	3 325 000	2 835 000	2 522 000	2 487 000
Total Equity	1 858 000	914 000	809 000	747 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 220 000	1 448 000	1 495 000	1 495 000
Creditors	63 000	184 000	38 000	61 000
Unpaid Taxes	42 000	67 000	63 000	35 000
Dividends	0	0	0	0
Other Current Debt	141 000	223 000	118 000	148 000
Total Current Debt	247 000	474 000	219 000	245 000
Total Equity and Debt	3 325 000	2 835 000	2 522 000	2 487 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50,81 %	11,49 %	7,54 %	−10,44 %
Debt-to-Equity Ratio	0,66	1,58	1,85	2
Operating Profit Margin	39,49 %	6,62 %	4,74 %	−2,25 %
Current Ratio	10,72	3,64	6,14	4,85
Quick Ratio	−4,63	−5,26	−2,34	−2,45
Equity Ratio	0,56	0,32	0,32	0,3
Gross Profit Margin	96,2 %	95,78 %	97,04 %	88,1 %