ARCTIC IMAGE AS

9406 HARSTAD

Finances

Share Ownership

Return on Equity

21 %

Current Ratio

5,59

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	995 000	1 791 000	1 029 000	873 000
Net Income	440 000	269 000	521 000	−69 000
Total Assets	2 510 000	1 952 000	1 779 000	1 351 000
Total Equity	2 095 000	1 655 000	1 385 000	864 000

Income (NOK)	2022	2021	2020	2019
Revenue	995 000	1 791 000	1 029 000	873 000
Expenditure	432 000	1 445 000	946 000	978 000
Operating Profit	564 000	346 000	84 000	−105 000
Financial Income	0	1 000	441 000	30 000
Financial Costs	0	0	0	0
Financial Balance	0	1 000	441 000	30 000
Earnings Before Tax	565 000	346 000	524 000	−74 000
Tax	124 000	77 000	3 000	−6 000
Net Income	440 000	269 000	521 000	−69 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	324 000	299 000	372 000	191 000
Total Current Assets	2 186 000	1 653 000	1 407 000	1 160 000
Total Assets	2 510 000	1 952 000	1 779 000	1 351 000
Total Retained Equity	1 995 000	1 555 000	1 285 000	764 000
Total Equity	2 095 000	1 655 000	1 385 000	864 000
Total Long-Term Debt	24 000	24 000	3 000	0
Total Current Debt	391 000	273 000	391 000	487 000
Total Equity and Debt	2 510 000	1 952 000	1 779 000	1 351 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	995 000	1 745 000	841 000	867 000
Other Income	0	46 000	188 000	6 000
Revenue	995 000	1 791 000	1 029 000	873 000
Cost of Goods Sold	84 000	675 000	239 000	120 000
Salary Costs	27 000	122 000	188 000	237 000
Depreciation	80 000	73 000	52 000	36 000
Impairment	0	0	0	0
Expenditure	432 000	1 445 000	946 000	978 000
Operating Profit	564 000	346 000	84 000	−105 000
Financial Income	0	1 000	441 000	30 000
Financial Costs	0	0	0	0
Financial Balance	0	1 000	441 000	30 000
Dividends	0	0	0	0
Net Income	440 000	269 000	521 000	−69 000

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	324 000	299 000	372 000	129 000
Total Tangible Assets	324 000	299 000	372 000	129 000
Total Fiancial Fixed Assets	0	0	0	62 000
Total Fixed Assets	324 000	299 000	372 000	191 000
Stock	0	0	20 000	20 000
Total Investments	0	0	0	0
Cash, Bank	2 169 000	1 570 000	1 334 000	1 083 000
Total Current Assets	2 186 000	1 653 000	1 407 000	1 160 000
Total Assets	2 510 000	1 952 000	1 779 000	1 351 000
Total Equity	2 095 000	1 655 000	1 385 000	864 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	24 000	24 000	3 000	0
Creditors	17 000	91 000	11 000	36 000
Unpaid Taxes	122 000	8 000	64 000	96 000
Dividends	0	0	0	0
Other Current Debt	127 000	120 000	317 000	356 000
Total Current Debt	391 000	273 000	391 000	487 000
Total Equity and Debt	2 510 000	1 952 000	1 779 000	1 351 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21 %	16,25 %	37,62 %	−7,99 %
Debt-to-Equity Ratio	0,01	0,01	0	0
Operating Profit Margin	56,68 %	19,32 %	8,16 %	−12,03 %
Current Ratio	5,59	6,05	3,6	2,38
Quick Ratio	5,59	6,05	3,79	2,48
Equity Ratio	0,83	0,85	0,78	0,64
Gross Profit Margin	91,56 %	62,31 %	76,77 %	86,25 %