ARCTIC OFFSHORE AS

9900 KIRKENES

Finances

Share Ownership

Return on Equity

30,92 %

Current Ratio

0,85

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	367 000	373 000	362 000	355 000
Net Income	64 000	208 000	156 000	190 000
Total Assets	615 000	548 000	530 000	505 000
Total Equity	207 000	220 000	238 000	264 000

Income (NOK)	2022	2021	2020	2019
Revenue	367 000	373 000	362 000	355 000
Expenditure	281 000	100 000	151 000	124 000
Operating Profit	86 000	273 000	210 000	230 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	3 000	4 000
Financial Balance	0	−1 000	−3 000	−4 000
Earnings Before Tax	86 000	272 000	207 000	226 000
Tax	22 000	64 000	52 000	36 000
Net Income	64 000	208 000	156 000	190 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	268 000	288 000	315 000	350 000
Total Current Assets	348 000	260 000	215 000	155 000
Total Assets	615 000	548 000	530 000	505 000
Total Retained Equity	7 000	20 000	38 000	64 000
Total Equity	207 000	220 000	238 000	264 000
Total Long-Term Debt	0	1 000	33 000	65 000
Total Current Debt	408 000	327 000	260 000	176 000
Total Equity and Debt	615 000	548 000	530 000	505 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	367 000	373 000	362 000	342 000
Other Income	0	0	0	13 000
Revenue	367 000	373 000	362 000	355 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	21 000	27 000	35 000	35 000
Impairment	0	0	0	0
Expenditure	281 000	100 000	151 000	124 000
Operating Profit	86 000	273 000	210 000	230 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	3 000	4 000
Financial Balance	0	−1 000	−3 000	−4 000
Dividends	0	0	0	0
Net Income	64 000	208 000	156 000	190 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	268 000	288 000	309 000	329 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	6 000	21 000
Total Tangible Assets	268 000	288 000	315 000	350 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	268 000	288 000	315 000	350 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	193 000	100 000	109 000	63 000
Total Current Assets	348 000	260 000	215 000	155 000
Total Assets	615 000	548 000	530 000	505 000
Total Equity	207 000	220 000	238 000	264 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 000	33 000	65 000
Creditors	0	28 000	10 000	0
Unpaid Taxes	20 000	9 000	15 000	14 000
Dividends	0	0	0	0
Other Current Debt	389 000	290 000	234 000	162 000
Total Current Debt	408 000	327 000	260 000	176 000
Total Equity and Debt	615 000	548 000	530 000	505 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,92 %	94,55 %	65,55 %	71,97 %
Debt-to-Equity Ratio	0	0	0,14	0,25
Operating Profit Margin	23,43 %	73,19 %	58,01 %	64,79 %
Current Ratio	0,85	0,8	0,83	0,88
Quick Ratio	0,85	0,8	0,83	0,88
Equity Ratio	0,34	0,4	0,45	0,52
Gross Profit Margin	100 %	100 %	100 %	100 %