ARCTIC MANAGEMENT AS

8517 NARVIK

Finances

Share Ownership

Return on Equity

35,89 %

Current Ratio

1,81

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 796 000	2 433 000	1 535 000	1 877 000
Net Income	645 000	657 000	263 000	31 000
Total Assets	2 500 000	1 606 000	837 000	1 320 000
Total Equity	1 797 000	1 151 000	495 000	231 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 796 000	2 433 000	1 535 000	1 877 000
Expenditure	2 007 000	1 600 000	1 196 000	1 846 000
Operating Profit	788 000	833 000	338 000	31 000
Financial Income	40 000	9 000	0	21 000
Financial Costs	0	0	1 000	12 000
Financial Balance	40 000	9 000	−1 000	9 000
Earnings Before Tax	827 000	842 000	338 000	40 000
Tax	182 000	185 000	74 000	9 000
Net Income	645 000	657 000	263 000	31 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 229 000	572 000	46 000	727 000
Total Current Assets	1 271 000	1 034 000	790 000	593 000
Total Assets	2 500 000	1 606 000	837 000	1 320 000
Total Retained Equity	1 597 000	951 000	295 000	31 000
Total Equity	1 797 000	1 151 000	495 000	231 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	703 000	455 000	342 000	1 088 000
Total Equity and Debt	2 500 000	1 606 000	837 000	1 320 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 796 000	2 433 000	1 535 000	1 877 000
Other Income	0	0	0	0
Revenue	2 796 000	2 433 000	1 535 000	1 877 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 526 000	1 312 000	1 052 000	1 379 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 007 000	1 600 000	1 196 000	1 846 000
Operating Profit	788 000	833 000	338 000	31 000
Financial Income	40 000	9 000	0	21 000
Financial Costs	0	0	1 000	12 000
Financial Balance	40 000	9 000	−1 000	9 000
Dividends	0	0	0	0
Net Income	645 000	657 000	263 000	31 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	30 000	13 000	46 000	118 000
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	1 199 000	559 000	0	609 000
Total Fixed Assets	1 229 000	572 000	46 000	727 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	797 000	788 000	526 000	227 000
Total Current Assets	1 271 000	1 034 000	790 000	593 000
Total Assets	2 500 000	1 606 000	837 000	1 320 000
Total Equity	1 797 000	1 151 000	495 000	231 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	132 000	22 000	10 000	378 000
Unpaid Taxes	140 000	131 000	90 000	90 000
Dividends	0	0	0	0
Other Current Debt	232 000	150 000	239 000	549 000
Total Current Debt	703 000	455 000	342 000	1 088 000
Total Equity and Debt	2 500 000	1 606 000	837 000	1 320 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,89 %	57,08 %	53,13 %	13,42 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	28,18 %	34,24 %	22,02 %	1,65 %
Current Ratio	1,81	2,27	2,31	0,55
Quick Ratio	1,81	2,27	2,31	0,55
Equity Ratio	0,72	0,72	0,59	0,18
Gross Profit Margin	100 %	100 %	100 %	100 %