NORSE ARCTIC AS

4056 TANANGER

Finances

Share Ownership

Return on Equity

47,06 %

Current Ratio

0,09

Debt-to-Equity Ratio

−5,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	409 000	442 000	312 000	213 000
Net Income	−577 000	209 000	−619 000	−942 000
Total Assets	5 930 000	6 089 000	5 718 000	6 024 000
Total Equity	−1 226 000	−649 000	−858 000	−239 000

Income (NOK)	2022	2021	2020	2019
Revenue	409 000	442 000	312 000	213 000
Expenditure	993 000	240 000	937 000	1 158 000
Operating Profit	−585 000	202 000	−626 000	−945 000
Financial Income	8 000	7 000	7 000	4 000
Financial Costs	0	0	0	1 000
Financial Balance	8 000	7 000	7 000	3 000
Earnings Before Tax	−577 000	209 000	−619 000	−942 000
Tax	0	0	0	0
Net Income	−577 000	209 000	−619 000	−942 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 868 000	5 891 000	5 668 000	5 921 000
Total Current Assets	62 000	198 000	51 000	103 000
Total Assets	5 930 000	6 089 000	5 718 000	6 024 000
Total Retained Equity	−1 526 000	−949 000	−1 158 000	−539 000
Total Equity	−1 226 000	−649 000	−858 000	−239 000
Total Long-Term Debt	6 439 000	6 089 000	5 959 000	0
Total Current Debt	718 000	649 000	617 000	6 263 000
Total Equity and Debt	5 930 000	6 089 000	5 718 000	6 024 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	409 000	336 000	284 000	183 000
Other Income	0	106 000	28 000	30 000
Revenue	409 000	442 000	312 000	213 000
Cost of Goods Sold	0	0	0	0
Salary Costs	47 000	2 000	1 000	1 000
Depreciation	231 000	−299 000	414 000	444 000
Impairment	0	0	0	0
Expenditure	993 000	240 000	937 000	1 158 000
Operating Profit	−585 000	202 000	−626 000	−945 000
Financial Income	8 000	7 000	7 000	4 000
Financial Costs	0	0	0	1 000
Financial Balance	8 000	7 000	7 000	3 000
Dividends	0	0	0	0
Net Income	−577 000	209 000	−619 000	−942 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 862 000	4 957 000	3 187 000	3 140 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	907 000	728 000	2 329 000	2 621 000
Total Tangible Assets	5 768 000	5 685 000	5 516 000	5 760 000
Total Fiancial Fixed Assets	100 000	205 000	152 000	160 000
Total Fixed Assets	5 868 000	5 891 000	5 668 000	5 921 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	8 000	28 000	4 000	21 000
Total Current Assets	62 000	198 000	51 000	103 000
Total Assets	5 930 000	6 089 000	5 718 000	6 024 000
Total Equity	−1 226 000	−649 000	−858 000	−239 000
Short-Term Group Debt	0	0	0	5 465 000
Total Long-Term Debt	6 439 000	6 089 000	5 959 000	0
Creditors	187 000	102 000	187 000	368 000
Unpaid Taxes	0	46 000	5 000	0
Dividends	0	0	0	0
Other Current Debt	530 000	501 000	425 000	431 000
Total Current Debt	718 000	649 000	617 000	6 263 000
Total Equity and Debt	5 930 000	6 089 000	5 718 000	6 024 000

Financial indicators	2022	2021	2020	2019
Return on Equity	47,06 %	−32,2 %	72,14 %	394,14 %
Debt-to-Equity Ratio	−5,25	−9,38	−6,95	−0
Operating Profit Margin	−143,03 %	45,7 %	−200,64 %	−443,66 %
Current Ratio	0,09	0,31	0,08	0,02
Quick Ratio	0,09	0,31	0,08	0,02
Equity Ratio	−0,21	−0,11	−0,15	−0,04
Gross Profit Margin	100 %	100 %	100 %	100 %