ARCTIC BLUE AS

8400 SORTLAND

Finances

Share Ownership

Return on Equity

4 300 %

Current Ratio

0,23

Debt-to-Equity Ratio

477

Key figures (NOK)	2022	2021	2020	2019
Revenue	472 000	602 000	748 000	961 000
Net Income	43 000	332 000	118 000	131 000
Total Assets	1 140 000	1 064 000	1 305 000	1 538 000
Total Equity	1 000	−42 000	−1 423 000	−1 541 000

Income (NOK)	2022	2021	2020	2019
Revenue	472 000	602 000	748 000	961 000
Expenditure	370 000	532 000	585 000	710 000
Operating Profit	102 000	71 000	163 000	251 000
Financial Income	−4 000	2 000	5 000	1 000
Financial Costs	43 000	87 000	51 000	71 000
Financial Balance	−47 000	−85 000	−46 000	−70 000
Earnings Before Tax	55 000	−14 000	117 000	180 000
Tax	12 000	127 000	26 000	47 000
Net Income	43 000	332 000	118 000	131 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	989 000	1 001 000	1 128 000	1 128 000
Total Current Assets	152 000	63 000	177 000	410 000
Total Assets	1 140 000	1 064 000	1 305 000	1 538 000
Total Retained Equity	−4 633 000	−4 676 000	−5 008 000	−5 126 000
Total Equity	1 000	−42 000	−1 423 000	−1 541 000
Total Long-Term Debt	477 000	401 000	1 514 000	848 000
Total Current Debt	662 000	705 000	1 215 000	2 230 000
Total Equity and Debt	1 140 000	1 064 000	1 306 000	1 538 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	471 000	602 000	748 000	963 000
Other Income	1 000	0	0	−2 000
Revenue	472 000	602 000	748 000	961 000
Cost of Goods Sold	206 000	344 000	391 000	457 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	370 000	532 000	585 000	710 000
Operating Profit	102 000	71 000	163 000	251 000
Financial Income	−4 000	2 000	5 000	1 000
Financial Costs	43 000	87 000	51 000	71 000
Financial Balance	−47 000	−85 000	−46 000	−70 000
Dividends	0	0	0	0
Net Income	43 000	332 000	118 000	131 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	989 000	1 001 000	1 128 000	1 128 000
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	0	0	0	0
Total Fixed Assets	989 000	1 001 000	1 128 000	1 128 000
Stock	52 000	0	118 000	171 000
Total Investments	0	0	0	0
Cash, Bank	21 000	6 000	12 000	21 000
Total Current Assets	152 000	63 000	177 000	410 000
Total Assets	1 140 000	1 064 000	1 305 000	1 538 000
Total Equity	1 000	−42 000	−1 423 000	−1 541 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	477 000	401 000	1 514 000	848 000
Creditors	51 000	128 000	610 000	916 000
Unpaid Taxes	9 000	29 000	6 000	65 000
Dividends	0	0	0	0
Other Current Debt	0	−61 000	−9 000	76 000
Total Current Debt	662 000	705 000	1 215 000	2 230 000
Total Equity and Debt	1 140 000	1 064 000	1 306 000	1 538 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4 300 %	−790,48 %	−8,29 %	−8,5 %
Debt-to-Equity Ratio	477	−9,55	−1,06	−0,55
Operating Profit Margin	21,61 %	11,79 %	21,79 %	26,12 %
Current Ratio	0,23	0,09	0,15	0,18
Quick Ratio	0,25	0,09	0,16	0,2
Equity Ratio	0	−0,04	−1,09	−1
Gross Profit Margin	56,36 %	42,86 %	47,73 %	52,45 %