ARCTIC SPAS MASSASJEBAD AS

4313 SANDNES

Finances

Share Ownership

Return on Equity

48,68 %

Current Ratio

1,53

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	26 514 000	36 380 000	29 880 000	16 075 000
Net Income	2 967 000	8 552 000	6 960 000	1 295 000
Total Assets	14 938 000	22 474 000	17 111 000	8 714 000
Total Equity	6 095 000	6 128 000	6 128 000	5 168 000

Income (NOK)	2022	2021	2020	2019
Revenue	26 514 000	36 380 000	29 880 000	16 075 000
Expenditure	22 594 000	25 366 000	20 974 000	14 473 000
Operating Profit	3 920 000	11 014 000	8 906 000	1 604 000
Financial Income	8 000	15 000	15 000	56 000
Financial Costs	126 000	64 000	10 000	3 000
Financial Balance	−118 000	−49 000	5 000	53 000
Earnings Before Tax	3 802 000	10 965 000	8 912 000	1 656 000
Tax	835 000	2 412 000	1 952 000	362 000
Net Income	2 967 000	8 552 000	6 960 000	1 295 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 522 000	1 827 000	1 248 000	372 000
Total Current Assets	13 416 000	20 648 000	15 863 000	8 342 000
Total Assets	14 938 000	22 474 000	17 111 000	8 714 000
Total Retained Equity	5 295 000	5 328 000	5 328 000	4 368 000
Total Equity	6 095 000	6 128 000	6 128 000	5 168 000
Total Long-Term Debt	77 000	47 000	37 000	0
Total Current Debt	8 766 000	16 300 000	10 946 000	3 547 000
Total Equity and Debt	14 938 000	22 474 000	17 111 000	8 714 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	26 359 000	36 380 000	29 880 000	16 075 000
Other Income	155 000	0	0	0
Revenue	26 514 000	36 380 000	29 880 000	16 075 000
Cost of Goods Sold	14 049 000	17 006 000	14 032 000	7 523 000
Salary Costs	4 752 000	4 697 000	4 083 000	3 765 000
Depreciation	238 000	355 000	31 000	6 000
Impairment	0	0	0	0
Expenditure	22 594 000	25 366 000	20 974 000	14 473 000
Operating Profit	3 920 000	11 014 000	8 906 000	1 604 000
Financial Income	8 000	15 000	15 000	56 000
Financial Costs	126 000	64 000	10 000	3 000
Financial Balance	−118 000	−49 000	5 000	53 000
Dividends	3 000 000	8 552 000	6 000 000	0
Net Income	2 967 000	8 552 000	6 960 000	1 295 000

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	450 000	1 300 000	763 000	0
Fixtures	963 000	294 000	189 000	70 000
Total Tangible Assets	1 413 000	1 594 000	952 000	70 000
Total Fiancial Fixed Assets	109 000	233 000	295 000	302 000
Total Fixed Assets	1 522 000	1 827 000	1 248 000	372 000
Stock	5 821 000	4 103 000	2 050 000	3 496 000
Total Investments	0	0	0	0
Cash, Bank	4 714 000	12 670 000	13 146 000	3 435 000
Total Current Assets	13 416 000	20 648 000	15 863 000	8 342 000
Total Assets	14 938 000	22 474 000	17 111 000	8 714 000
Total Equity	6 095 000	6 128 000	6 128 000	5 168 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	77 000	47 000	37 000	0
Creditors	343 000	315 000	368 000	449 000
Unpaid Taxes	1 281 000	2 057 000	1 448 000	1 109 000
Dividends	3 000 000	8 552 000	6 000 000	0
Other Current Debt	3 337 000	2 974 000	2 216 000	1 628 000
Total Current Debt	8 766 000	16 300 000	10 946 000	3 547 000
Total Equity and Debt	14 938 000	22 474 000	17 111 000	8 714 000

Financial indicators	2022	2021	2020	2019
Return on Equity	48,68 %	139,56 %	113,58 %	25,06 %
Debt-to-Equity Ratio	0,01	0,01	0,01	0
Operating Profit Margin	14,78 %	30,27 %	29,81 %	9,98 %
Current Ratio	1,53	1,27	1,45	2,35
Quick Ratio	4,56	1,69	1,78	163,57
Equity Ratio	0,41	0,27	0,36	0,59
Gross Profit Margin	47,01 %	53,25 %	53,04 %	53,2 %