ARCTIC EAGLE AS

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

19,29 %

Current Ratio

1,18

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	31 661 000	0	11 514 000	0
Net Income	2 817 000	6 390 000	1 525 000	−270 000
Total Assets	29 386 000	12 469 000	31 361 000	26 555 000
Total Equity	14 602 000	11 784 000	28 077 000	26 552 000

Income (NOK)	2022	2021	2020	2019
Revenue	31 661 000	0	11 514 000	0
Expenditure	27 596 000	−6 390 000	9 118 000	271 000
Operating Profit	4 065 000	6 389 000	2 396 000	−271 000
Financial Income	14 000	0	2 000	3 000
Financial Costs	286 000	0	227 000	2 000
Financial Balance	−272 000	0	−225 000	1 000
Earnings Before Tax	3 793 000	6 390 000	2 171 000	−270 000
Tax	975 000	0	646 000	0
Net Income	2 817 000	6 390 000	1 525 000	−270 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 988 000	12 096 000	31 294 000	26 164 000
Total Current Assets	17 398 000	373 000	67 000	391 000
Total Assets	29 386 000	12 469 000	31 361 000	26 555 000
Total Retained Equity	9 207 000	6 390 000	2 592 000	1 067 000
Total Equity	14 602 000	11 784 000	28 077 000	26 552 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	14 784 000	684 000	3 284 000	3 000
Total Equity and Debt	29 386 000	12 469 000	31 361 000	26 555 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	31 661 000	0	11 514 000	0
Other Income	0	0	0	0
Revenue	31 661 000	0	11 514 000	0
Cost of Goods Sold	15 268 000	4 000	3 492 000	6 000
Salary Costs	10 506 000	0	3 935 000	90 000
Depreciation	1 108 000	108 000	978 000	108 000
Impairment	0	0	130 000	0
Expenditure	27 596 000	−6 390 000	9 118 000	271 000
Operating Profit	4 065 000	6 389 000	2 396 000	−271 000
Financial Income	14 000	0	2 000	3 000
Financial Costs	286 000	0	227 000	2 000
Financial Balance	−272 000	0	−225 000	1 000
Dividends	0	0	0	0
Net Income	2 817 000	6 390 000	1 525 000	−270 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	11 988 000	12 096 000	5 704 000	5 812 000
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	25 590 000	20 352 000
Total Fixed Assets	11 988 000	12 096 000	31 294 000	26 164 000
Stock	155 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	712 000	45 000	67 000	46 000
Total Current Assets	17 398 000	373 000	67 000	391 000
Total Assets	29 386 000	12 469 000	31 361 000	26 555 000
Total Equity	14 602 000	11 784 000	28 077 000	26 552 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	97 000	3 000	3 000	3 000
Unpaid Taxes	2 145 000	0	1 202 000	0
Dividends	0	0	0	0
Other Current Debt	11 567 000	682 000	1 433 000	0
Total Current Debt	14 784 000	684 000	3 284 000	3 000
Total Equity and Debt	29 386 000	12 469 000	31 361 000	26 555 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,29 %	54,23 %	5,43 %	−1,02 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	12,84 %	-	20,81 %	-
Current Ratio	1,18	0,55	0,02	130,33
Quick Ratio	1,19	0,55	0,02	130,33
Equity Ratio	0,5	0,95	0,9	1
Gross Profit Margin	51,78 %	-	69,67 %	-