ARCTIC ADVENTURES AS

9170 LONGYEARBYEN

Finances

Share Ownership

Return on Equity

157,96 %

Current Ratio

0,39

Debt-to-Equity Ratio

−0,13

Key figures (NOK)	2020	2019	2018	2017
Revenue	970 000	2 541 000	3 960 000	4 096 000
Net Income	−992 000	−176 000	40 000	437 000
Total Assets	724 000	1 318 000	751 000	1 253 000
Total Equity	−628 000	364 000	541 000	501 000

Income (NOK)	2020	2019	2018	2017
Revenue	970 000	2 541 000	3 960 000	4 096 000
Expenditure	1 913 000	2 723 000	3 911 000	3 565 000
Operating Profit	−942 000	−182 000	50 000	531 000
Financial Income	4 000	4 000	4 000	6 000
Financial Costs	18 000	36 000	13 000	11 000
Financial Balance	−14 000	−32 000	−9 000	−5 000
Earnings Before Tax	−956 000	−214 000	41 000	526 000
Tax	37 000	−38 000	1 000	89 000
Net Income	−992 000	−176 000	40 000	437 000

Balance (NOK)	2020	2019	2018	2017
Total Fixed Assets	225 000	935 000	469 000	709 000
Total Current Assets	499 000	383 000	282 000	543 000
Total Assets	724 000	1 318 000	751 000	1 253 000
Total Retained Equity	−728 000	264 000	0	401 000
Total Equity	−628 000	364 000	541 000	501 000
Total Long-Term Debt	81 000	567 000	1 000	0
Total Current Debt	1 271 000	387 000	210 000	752 000
Total Equity and Debt	724 000	1 318 000	751 000	1 253 000

Cash flow (NOK)	2020	2019	2018	2017
Sales Income	434 000	2 516 000	3 960 000	4 096 000
Other Income	536 000	25 000	0	0
Revenue	970 000	2 541 000	3 960 000	4 096 000
Cost of Goods Sold	169 000	469 000	986 000	720 000
Salary Costs	194 000	983 000	833 000	937 000
Depreciation	171 000	311 000	69 000	21 000
Impairment	0	0	0	0
Expenditure	1 913 000	2 723 000	3 911 000	3 565 000
Operating Profit	−942 000	−182 000	50 000	531 000
Financial Income	4 000	4 000	4 000	6 000
Financial Costs	18 000	36 000	13 000	11 000
Financial Balance	−14 000	−32 000	−9 000	−5 000
Dividends	0	0	0	0
Net Income	−992 000	−176 000	40 000	437 000

Balance details (NOK)	2020	2019	2018	2017
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	225 000	935 000	469 000	41 000
Total Tangible Assets	225 000	935 000	469 000	41 000
Total Fiancial Fixed Assets	0	0	0	669 000
Total Fixed Assets	225 000	935 000	469 000	709 000
Stock	25 000	25 000	15 000	0
Total Investments	0	0	0	0
Cash, Bank	254 000	212 000	119 000	151 000
Total Current Assets	499 000	383 000	282 000	543 000
Total Assets	724 000	1 318 000	751 000	1 253 000
Total Equity	−628 000	364 000	541 000	501 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	81 000	567 000	1 000	0
Creditors	567 000	4 000	0	28 000
Unpaid Taxes	2 000	10 000	11 000	5 000
Dividends	0	0	0	0
Other Current Debt	702 000	409 000	199 000	682 000
Total Current Debt	1 271 000	387 000	210 000	752 000
Total Equity and Debt	724 000	1 318 000	751 000	1 253 000

Financial indicators	2020	2019	2018	2017
Return on Equity	157,96 %	−48,35 %	7,39 %	87,23 %
Debt-to-Equity Ratio	−0,13	1,56	0	0
Operating Profit Margin	−97,11 %	−7,16 %	1,26 %	12,96 %
Current Ratio	0,39	0,99	1,34	0,72
Quick Ratio	0,4	1,06	1,45	0,72
Equity Ratio	−0,87	0,28	0,72	0,4
Gross Profit Margin	82,58 %	81,54 %	75,1 %	82,42 %