ARCTIC COAST AS

9790 KJØLLEFJORD

Finances

Return on Equity

−29,23 %

Current Ratio

1,58

Debt-to-Equity Ratio

1,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 172 000	765 000	3 317 000	6 963 000
Net Income	−126 000	4 000	87 000	249 000
Total Assets	1 414 000	998 000	833 000	2 286 000
Total Equity	431 000	637 000	634 000	1 297 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 172 000	765 000	3 317 000	6 963 000
Expenditure	3 322 000	721 000	3 201 000	6 644 000
Operating Profit	−151 000	44 000	116 000	319 000
Financial Income	0	0	1 000	1 000
Financial Costs	12 000	35 000	4 000	0
Financial Balance	−12 000	−35 000	−3 000	1 000
Earnings Before Tax	−162 000	9 000	112 000	320 000
Tax	−36 000	6 000	25 000	71 000
Net Income	−126 000	4 000	87 000	249 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	621 000	641 000	206 000	241 000
Total Current Assets	794 000	358 000	627 000	2 045 000
Total Assets	1 414 000	998 000	833 000	2 286 000
Total Retained Equity	256 000	462 000	459 000	747 000
Total Equity	431 000	637 000	634 000	1 297 000
Total Long-Term Debt	482 000	270 000	2 000	0
Total Current Debt	501 000	91 000	197 000	989 000
Total Equity and Debt	1 414 000	998 000	833 000	2 286 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 087 000	94 000	2 723 000	6 934 000
Other Income	85 000	671 000	594 000	29 000
Revenue	3 172 000	765 000	3 317 000	6 963 000
Cost of Goods Sold	1 549 000	38 000	1 576 000	3 451 000
Salary Costs	901 000	79 000	993 000	2 095 000
Depreciation	30 000	30 000	30 000	30 000
Impairment	0	0	0	0
Expenditure	3 322 000	721 000	3 201 000	6 644 000
Operating Profit	−151 000	44 000	116 000	319 000
Financial Income	0	0	1 000	1 000
Financial Costs	12 000	35 000	4 000	0
Financial Balance	−12 000	−35 000	−3 000	1 000
Dividends	80 000	0	0	0
Net Income	−126 000	4 000	87 000	249 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	36 000	1 000	0	4 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	28 000	59 000	89 000	120 000
Total Tangible Assets	28 000	59 000	89 000	120 000
Total Fiancial Fixed Assets	556 000	581 000	117 000	117 000
Total Fixed Assets	621 000	641 000	206 000	241 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	349 000	357 000	450 000	1 228 000
Total Current Assets	794 000	358 000	627 000	2 045 000
Total Assets	1 414 000	998 000	833 000	2 286 000
Total Equity	431 000	637 000	634 000	1 297 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	482 000	270 000	2 000	0
Creditors	316 000	103 000	22 000	618 000
Unpaid Taxes	12 000	−22 000	−5 000	92 000
Dividends	80 000	0	0	0
Other Current Debt	93 000	1 000	162 000	201 000
Total Current Debt	501 000	91 000	197 000	989 000
Total Equity and Debt	1 414 000	998 000	833 000	2 286 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−29,23 %	0,63 %	13,72 %	19,2 %
Debt-to-Equity Ratio	1,12	0,42	0	0
Operating Profit Margin	−4,76 %	5,75 %	3,5 %	4,58 %
Current Ratio	1,58	3,93	3,18	2,07
Quick Ratio	1,58	3,93	3,18	2,07
Equity Ratio	0,3	0,64	0,76	0,57
Gross Profit Margin	51,17 %	95,03 %	52,49 %	50,44 %