ARCTIC AUTO AS

9515 ALTA

Finances

Share Ownership

Return on Equity

−471,72 %

Current Ratio

5,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	973 000	7 586 000	10 339 000	11 817 000
Net Income	−1 868 000	−1 221 000	688 000	−68 000
Total Assets	476 000	2 872 000	7 697 000	7 209 000
Total Equity	396 000	2 664 000	3 884 000	3 196 000

Income (NOK)	2022	2021	2020	2019
Revenue	973 000	7 586 000	10 339 000	11 817 000
Expenditure	2 840 000	8 729 000	9 259 000	11 684 000
Operating Profit	−1 868 000	−1 143 000	1 079 000	132 000
Financial Income	0	0	0	9 000
Financial Costs	0	64 000	191 000	228 000
Financial Balance	0	−64 000	−191 000	−219 000
Earnings Before Tax	−1 868 000	−1 207 000	889 000	−87 000
Tax	0	14 000	200 000	−19 000
Net Income	−1 868 000	−1 221 000	688 000	−68 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	805 000	48 000	124 000
Total Current Assets	476 000	2 067 000	7 649 000	7 086 000
Total Assets	476 000	2 872 000	7 697 000	7 209 000
Total Retained Equity	296 000	2 164 000	3 384 000	2 696 000
Total Equity	396 000	2 664 000	3 884 000	3 196 000
Total Long-Term Debt	0	0	3 350 000	3 764 000
Total Current Debt	80 000	209 000	462 000	249 000
Total Equity and Debt	476 000	2 872 000	7 697 000	7 209 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	973 000	7 571 000	10 339 000	11 682 000
Other Income	0	15 000	0	135 000
Revenue	973 000	7 586 000	10 339 000	11 817 000
Cost of Goods Sold	995 000	7 173 000	7 560 000	10 475 000
Salary Costs	577 000	1 211 000	993 000	616 000
Depreciation	0	0	10 000	13 000
Impairment	0	0	0	0
Expenditure	2 840 000	8 729 000	9 259 000	11 684 000
Operating Profit	−1 868 000	−1 143 000	1 079 000	132 000
Financial Income	0	0	0	9 000
Financial Costs	0	64 000	191 000	228 000
Financial Balance	0	−64 000	−191 000	−219 000
Dividends	0	0	0	0
Net Income	−1 868 000	−1 221 000	688 000	−68 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	14 000	79 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	34 000	44 000
Total Tangible Assets	0	0	34 000	44 000
Total Fiancial Fixed Assets	0	805 000	0	0
Total Fixed Assets	0	805 000	48 000	124 000
Stock	338 000	346 000	5 790 000	6 257 000
Total Investments	0	0	0	0
Cash, Bank	138 000	621 000	703 000	829 000
Total Current Assets	476 000	2 067 000	7 649 000	7 086 000
Total Assets	476 000	2 872 000	7 697 000	7 209 000
Total Equity	396 000	2 664 000	3 884 000	3 196 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	3 350 000	3 764 000
Creditors	0	0	1 000	1 000
Unpaid Taxes	10 000	82 000	204 000	46 000
Dividends	0	0	0	0
Other Current Debt	70 000	127 000	123 000	203 000
Total Current Debt	80 000	209 000	462 000	249 000
Total Equity and Debt	476 000	2 872 000	7 697 000	7 209 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−471,72 %	−45,83 %	17,71 %	−2,13 %
Debt-to-Equity Ratio	0	0	0,86	1,18
Operating Profit Margin	−191,98 %	−15,07 %	10,44 %	1,12 %
Current Ratio	5,95	9,89	16,56	28,46
Quick Ratio	−1,84	−15,09	−1,44	−1,18
Equity Ratio	0,83	0,93	0,5	0,44
Gross Profit Margin	−2,26 %	5,44 %	26,88 %	11,36 %