ARCTIC MARINE LTD

8432 ALSVÅG

Finances

Share Ownership

Return on Equity

−1,73 %

Current Ratio

0,07

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	38 000	70 000	226 000	39 000
Net Income	10 000	10 000	101 000	−60 000
Total Assets	455 000	479 000	456 000	381 000
Total Equity	−579 000	−588 000	−599 000	−699 000

Income (NOK)	2022	2021	2020	2019
Revenue	38 000	70 000	226 000	39 000
Expenditure	28 000	59 000	125 000	97 000
Operating Profit	10 000	11 000	101 000	−58 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	0	2 000
Financial Balance	0	−1 000	0	−2 000
Earnings Before Tax	10 000	10 000	101 000	−60 000
Tax	0	0	0	0
Net Income	10 000	10 000	101 000	−60 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	379 000	379 000	346 000	346 000
Total Current Assets	76 000	100 000	110 000	35 000
Total Assets	455 000	479 000	456 000	381 000
Total Retained Equity	−579 000	−588 000	−599 000	−699 000
Total Equity	−579 000	−588 000	−599 000	−699 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 033 000	1 067 000	1 055 000	1 080 000
Total Equity and Debt	455 000	479 000	456 000	381 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	38 000	70 000	226 000	39 000
Other Income	0	0	0	0
Revenue	38 000	70 000	226 000	39 000
Cost of Goods Sold	−6 000	0	0	0
Salary Costs	1 000	0	2 000	0
Depreciation	0	0	0	3 000
Impairment	0	0	0	0
Expenditure	28 000	59 000	125 000	97 000
Operating Profit	10 000	11 000	101 000	−58 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	0	2 000
Financial Balance	0	−1 000	0	−2 000
Dividends	0	0	0	0
Net Income	10 000	10 000	101 000	−60 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	379 000	379 000	346 000	346 000
Total Fixed Assets	379 000	379 000	346 000	346 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	51 000	54 000	1 000	30 000
Total Current Assets	76 000	100 000	110 000	35 000
Total Assets	455 000	479 000	456 000	381 000
Total Equity	−579 000	−588 000	−599 000	−699 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	−6 000	0	69 000
Unpaid Taxes	0	0	19 000	0
Dividends	0	0	0	0
Other Current Debt	1 033 000	1 073 000	1 036 000	1 011 000
Total Current Debt	1 033 000	1 067 000	1 055 000	1 080 000
Total Equity and Debt	455 000	479 000	456 000	381 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,73 %	−1,7 %	−16,86 %	8,58 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	26,32 %	15,71 %	44,69 %	−148,72 %
Current Ratio	0,07	0,09	0,1	0,03
Quick Ratio	0,07	0,09	0,1	0,03
Equity Ratio	−1,27	−1,23	−1,31	−1,83
Gross Profit Margin	115,79 %	100 %	100 %	100 %