ARCTIC SILVER INNOVATION AS

7355 EGGKLEIVA

Finances

Share Ownership

Return on Equity

−8,64 %

Current Ratio

8,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 564 000	1 726 000	2 377 000	1 500 000
Net Income	−275 000	−308 000	−63 000	−446 000
Total Assets	3 508 000	3 755 000	3 522 000	3 530 000
Total Equity	3 183 000	3 457 000	2 232 000	2 286 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 564 000	1 726 000	2 377 000	1 500 000
Expenditure	1 849 000	2 012 000	2 448 000	1 942 000
Operating Profit	−285 000	−286 000	−71 000	−442 000
Financial Income	31 000	25 000	44 000	13 000
Financial Costs	21 000	47 000	36 000	17 000
Financial Balance	10 000	−22 000	8 000	−4 000
Earnings Before Tax	−275 000	−308 000	−63 000	−446 000
Tax	0	0	0	0
Net Income	−275 000	−308 000	−63 000	−446 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	876 000	876 000	876 000	876 000
Total Current Assets	2 632 000	2 878 000	2 646 000	2 654 000
Total Assets	3 508 000	3 755 000	3 522 000	3 530 000
Total Retained Equity	−4 275 000	−4 001 000	−3 694 000	−3 640 000
Total Equity	3 183 000	3 457 000	2 232 000	2 286 000
Total Long-Term Debt	0	0	850 000	850 000
Total Current Debt	325 000	297 000	440 000	394 000
Total Equity and Debt	3 508 000	3 755 000	3 522 000	3 530 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 560 000	1 721 000	2 375 000	1 496 000
Other Income	4 000	5 000	3 000	4 000
Revenue	1 564 000	1 726 000	2 377 000	1 500 000
Cost of Goods Sold	588 000	1 134 000	1 085 000	554 000
Salary Costs	681 000	583 000	697 000	119 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 849 000	2 012 000	2 448 000	1 942 000
Operating Profit	−285 000	−286 000	−71 000	−442 000
Financial Income	31 000	25 000	44 000	13 000
Financial Costs	21 000	47 000	36 000	17 000
Financial Balance	10 000	−22 000	8 000	−4 000
Dividends	0	0	0	0
Net Income	−275 000	−308 000	−63 000	−446 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	876 000	876 000	876 000	876 000
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	0	0	0	0
Total Fixed Assets	876 000	876 000	876 000	876 000
Stock	1 890 000	1 643 000	1 608 000	1 370 000
Total Investments	0	0	0	0
Cash, Bank	476 000	816 000	496 000	1 009 000
Total Current Assets	2 632 000	2 878 000	2 646 000	2 654 000
Total Assets	3 508 000	3 755 000	3 522 000	3 530 000
Total Equity	3 183 000	3 457 000	2 232 000	2 286 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	850 000	850 000
Creditors	173 000	168 000	245 000	284 000
Unpaid Taxes	12 000	11 000	64 000	3 000
Dividends	0	0	0	0
Other Current Debt	140 000	118 000	131 000	107 000
Total Current Debt	325 000	297 000	440 000	394 000
Total Equity and Debt	3 508 000	3 755 000	3 522 000	3 530 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,64 %	−8,91 %	−2,82 %	−19,51 %
Debt-to-Equity Ratio	0	0	0,38	0,37
Operating Profit Margin	−18,22 %	−16,57 %	−2,99 %	−29,47 %
Current Ratio	8,1	9,69	6,01	6,74
Quick Ratio	−1,68	−2,14	−2,27	−2,72
Equity Ratio	0,91	0,92	0,63	0,65
Gross Profit Margin	62,4 %	34,3 %	54,35 %	63,07 %