ARTIC AQUACULTURE AS

8310 KABELVÅG

Finances

Return on Equity

−6,18 %

Current Ratio

11,24

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	72 000	72 000	72 000	72 000
Net Income	−305 000	−214 000	−309 000	2 215 000
Total Assets	5 220 000	5 499 000	5 826 000	7 589 000
Total Equity	4 932 000	5 237 000	5 590 000	7 024 000

Income (NOK)	2022	2021	2020	2019
Revenue	72 000	72 000	72 000	72 000
Expenditure	43 000	51 000	120 000	129 000
Operating Profit	29 000	21 000	−48 000	−57 000
Financial Income	87 000	96 000	91 000	2 313 000
Financial Costs	396 000	307 000	339 000	18 000
Financial Balance	−309 000	−211 000	−248 000	2 295 000
Earnings Before Tax	−280 000	−190 000	−297 000	2 237 000
Tax	25 000	24 000	12 000	22 000
Net Income	−305 000	−214 000	−309 000	2 215 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 984 000	5 382 000	5 762 000	6 182 000
Total Current Assets	236 000	117 000	64 000	1 408 000
Total Assets	5 220 000	5 499 000	5 826 000	7 589 000
Total Retained Equity	4 670 000	4 975 000	5 328 000	6 762 000
Total Equity	4 932 000	5 237 000	5 590 000	7 024 000
Total Long-Term Debt	267 000	242 000	218 000	205 000
Total Current Debt	21 000	20 000	19 000	360 000
Total Equity and Debt	5 220 000	5 499 000	5 826 000	7 589 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	72 000	72 000	72 000	72 000
Other Income	0	0	0	0
Revenue	72 000	72 000	72 000	72 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	43 000	51 000	120 000	129 000
Operating Profit	29 000	21 000	−48 000	−57 000
Financial Income	87 000	96 000	91 000	2 313 000
Financial Costs	396 000	307 000	339 000	18 000
Financial Balance	−309 000	−211 000	−248 000	2 295 000
Dividends	0	0	0	0
Net Income	−305 000	−214 000	−309 000	2 215 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	4 984 000	5 382 000	5 762 000	6 182 000
Total Fixed Assets	4 984 000	5 382 000	5 762 000	6 182 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	102 000	117 000	62 000	1 408 000
Total Current Assets	236 000	117 000	64 000	1 408 000
Total Assets	5 220 000	5 499 000	5 826 000	7 589 000
Total Equity	4 932 000	5 237 000	5 590 000	7 024 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	267 000	242 000	218 000	205 000
Creditors	10 000	0	4 000	106 000
Unpaid Taxes	11 000	5 000	0	2 000
Dividends	0	0	0	0
Other Current Debt	0	15 000	14 000	252 000
Total Current Debt	21 000	20 000	19 000	360 000
Total Equity and Debt	5 220 000	5 499 000	5 826 000	7 589 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,18 %	−4,09 %	−5,53 %	31,53 %
Debt-to-Equity Ratio	0,05	0,05	0,04	0,03
Operating Profit Margin	40,28 %	29,17 %	−66,67 %	−79,17 %
Current Ratio	11,24	5,85	3,37	3,91
Quick Ratio	11,24	5,85	3,37	3,91
Equity Ratio	0,94	0,95	0,96	0,93
Gross Profit Margin	100 %	100 %	100 %	100 %