ARCTIC CIRCLE TOURS AS

9022 KROKELVDALEN

Finances

Share Ownership

Return on Equity

−10,06 %

Current Ratio

7,76

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	102 000	154 000	297 000	835 000
Net Income	−68 000	−244 000	−92 000	−300 000
Total Assets	742 000	877 000	1 175 000	1 430 000
Total Equity	676 000	744 000	989 000	1 081 000

Income (NOK)	2022	2021	2020	2019
Revenue	102 000	154 000	297 000	835 000
Expenditure	173 000	399 000	393 000	1 135 000
Operating Profit	−71 000	−245 000	−97 000	−299 000
Financial Income	3 000	0	4 000	0
Financial Costs	0	0	0	1 000
Financial Balance	3 000	0	4 000	−1 000
Earnings Before Tax	−68 000	−244 000	−92 000	−300 000
Tax	0	0	0	0
Net Income	−68 000	−244 000	−92 000	−300 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	230 000	267 000	739 000	539 000
Total Current Assets	512 000	610 000	435 000	891 000
Total Assets	742 000	877 000	1 175 000	1 430 000
Total Retained Equity	576 000	644 000	889 000	981 000
Total Equity	676 000	744 000	989 000	1 081 000
Total Long-Term Debt	0	64 000	−1 000	0
Total Current Debt	66 000	69 000	186 000	349 000
Total Equity and Debt	742 000	877 000	1 175 000	1 430 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	102 000	113 000	297 000	822 000
Other Income	0	41 000	0	13 000
Revenue	102 000	154 000	297 000	835 000
Cost of Goods Sold	3 000	65 000	195 000	513 000
Salary Costs	24 000	139 000	92 000	322 000
Depreciation	39 000	40 000	0	55 000
Impairment	0	0	0	0
Expenditure	173 000	399 000	393 000	1 135 000
Operating Profit	−71 000	−245 000	−97 000	−299 000
Financial Income	3 000	0	4 000	0
Financial Costs	0	0	0	1 000
Financial Balance	3 000	0	4 000	−1 000
Dividends	0	0	0	0
Net Income	−68 000	−244 000	−92 000	−300 000

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	170 000	0	0	0
Fixtures	59 000	242 000	259 000	259 000
Total Tangible Assets	230 000	242 000	259 000	259 000
Total Fiancial Fixed Assets	0	25 000	480 000	280 000
Total Fixed Assets	230 000	267 000	739 000	539 000
Stock	0	0	46 000	152 000
Total Investments	0	0	0	0
Cash, Bank	509 000	607 000	314 000	683 000
Total Current Assets	512 000	610 000	435 000	891 000
Total Assets	742 000	877 000	1 175 000	1 430 000
Total Equity	676 000	744 000	989 000	1 081 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	64 000	−1 000	0
Creditors	2 000	40 000	59 000	65 000
Unpaid Taxes	24 000	13 000	24 000	20 000
Dividends	0	0	0	0
Other Current Debt	40 000	16 000	103 000	263 000
Total Current Debt	66 000	69 000	186 000	349 000
Total Equity and Debt	742 000	877 000	1 175 000	1 430 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,06 %	−32,8 %	−9,3 %	−27,75 %
Debt-to-Equity Ratio	0	0,09	−0	0
Operating Profit Margin	−69,61 %	−159,09 %	−32,66 %	−35,81 %
Current Ratio	7,76	8,84	2,34	2,55
Quick Ratio	7,76	8,84	3,11	4,52
Equity Ratio	0,91	0,85	0,84	0,76
Gross Profit Margin	97,06 %	57,79 %	34,34 %	38,56 %