ARCTIC TRAVEL INVEST AS

8370 LEKNES

Finances

Return on Equity

123,81 %

Current Ratio

0,89

Debt-to-Equity Ratio

10,52

Key figures (NOK)	2022	2021	2020	2019
Revenue	923 000	263 000	70 000	584 000
Net Income	130 000	−81 000	−270 000	−101 000
Total Assets	1 588 000	1 412 000	1 567 000	2 007 000
Total Equity	105 000	174 000	255 000	525 000

Income (NOK)	2022	2021	2020	2019
Revenue	923 000	263 000	70 000	584 000
Expenditure	738 000	298 000	287 000	598 000
Operating Profit	184 000	−35 000	−216 000	−14 000
Financial Income	4 000	0	0	0
Financial Costs	57 000	47 000	54 000	88 000
Financial Balance	−53 000	−47 000	−54 000	−88 000
Earnings Before Tax	130 000	−81 000	−270 000	−101 000
Tax	0	0	0	0
Net Income	130 000	−81 000	−270 000	−101 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 249 000	1 217 000	1 225 000	1 295 000
Total Current Assets	339 000	195 000	342 000	711 000
Total Assets	1 588 000	1 412 000	1 567 000	2 007 000
Total Retained Equity	5 000	74 000	155 000	425 000
Total Equity	105 000	174 000	255 000	525 000
Total Long-Term Debt	1 105 000	1 170 000	1 235 000	1 300 000
Total Current Debt	379 000	68 000	77 000	182 000
Total Equity and Debt	1 588 000	1 412 000	1 567 000	2 007 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	923 000	263 000	68 000	584 000
Other Income	0	0	2 000	0
Revenue	923 000	263 000	70 000	584 000
Cost of Goods Sold	84 000	0	0	0
Salary Costs	386 000	20 000	18 000	218 000
Depreciation	38 000	34 000	18 000	61 000
Impairment	0	0	0	0
Expenditure	738 000	298 000	287 000	598 000
Operating Profit	184 000	−35 000	−216 000	−14 000
Financial Income	4 000	0	0	0
Financial Costs	57 000	47 000	54 000	88 000
Financial Balance	−53 000	−47 000	−54 000	−88 000
Dividends	200 000	0	0	0
Net Income	130 000	−81 000	−270 000	−101 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	870 000	887 000	1 008 000	1 008 000
Machinery and Plant Facilities	0	0	0	48 000
Fixtures	106 000	51 000	69 000	86 000
Total Tangible Assets	976 000	939 000	1 077 000	1 142 000
Total Fiancial Fixed Assets	273 000	278 000	148 000	153 000
Total Fixed Assets	1 249 000	1 217 000	1 225 000	1 295 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	237 000	151 000	215 000	501 000
Total Current Assets	339 000	195 000	342 000	711 000
Total Assets	1 588 000	1 412 000	1 567 000	2 007 000
Total Equity	105 000	174 000	255 000	525 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 105 000	1 170 000	1 235 000	1 300 000
Creditors	120 000	51 000	26 000	56 000
Unpaid Taxes	39 000	15 000	0	4 000
Dividends	200 000	0	0	0
Other Current Debt	19 000	1 000	51 000	121 000
Total Current Debt	379 000	68 000	77 000	182 000
Total Equity and Debt	1 588 000	1 412 000	1 567 000	2 007 000

Financial indicators	2022	2021	2020	2019
Return on Equity	123,81 %	−46,55 %	−105,88 %	−19,24 %
Debt-to-Equity Ratio	10,52	6,72	4,84	2,48
Operating Profit Margin	19,93 %	−13,31 %	−308,57 %	−2,4 %
Current Ratio	0,89	2,87	4,44	3,91
Quick Ratio	0,89	2,87	4,44	3,91
Equity Ratio	0,07	0,12	0,16	0,26
Gross Profit Margin	90,9 %	100 %	100 %	100 %