ARCTIC ASSET MANAGEMENT AS

0161 OSLO

Finances

Return on Equity

75,75 %

Current Ratio

1,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	118 969 000	143 770 000	101 936 000	91 038 000
Net Income	16 291 000	31 593 000	17 163 000	11 541 000
Total Assets	81 783 000	121 568 000	80 095 000	64 737 000
Total Equity	21 507 000	20 352 000	18 613 000	20 587 000

Income (NOK)	2022	2021	2020	2019
Revenue	118 969 000	143 770 000	101 936 000	91 038 000
Expenditure	97 410 000	103 164 000	79 542 000	76 976 000
Operating Profit	21 559 000	40 605 000	22 394 000	14 062 000
Financial Income	1 727 000	1 525 000	958 000	1 126 000
Financial Costs	1 360 000	134 000	574 000	532 000
Financial Balance	367 000	1 391 000	384 000	594 000
Earnings Before Tax	21 926 000	41 997 000	22 779 000	14 656 000
Tax	5 634 000	10 404 000	5 616 000	3 115 000
Net Income	16 291 000	31 593 000	17 163 000	11 541 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 346 000	2 527 000	3 011 000	4 559 000
Total Current Assets	79 437 000	119 042 000	77 084 000	60 179 000
Total Assets	81 783 000	121 568 000	80 095 000	64 737 000
Total Retained Equity	2 857 000	1 702 000	0	0
Total Equity	21 507 000	20 352 000	18 613 000	20 587 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	60 275 000	101 216 000	61 481 000	44 151 000
Total Equity and Debt	81 783 000	121 568 000	80 095 000	64 737 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	118 969 000	143 770 000	101 936 000	91 038 000
Other Income	0	0	0	0
Revenue	118 969 000	143 770 000	101 936 000	91 038 000
Cost of Goods Sold	2 329 000	2 452 000	623 000	771 000
Salary Costs	63 105 000	71 107 000	51 271 000	49 589 000
Depreciation	941 000	1 898 000	2 563 000	2 486 000
Impairment	0	0	0	0
Expenditure	97 410 000	103 164 000	79 542 000	76 976 000
Operating Profit	21 559 000	40 605 000	22 394 000	14 062 000
Financial Income	1 727 000	1 525 000	958 000	1 126 000
Financial Costs	1 360 000	134 000	574 000	532 000
Financial Balance	367 000	1 391 000	384 000	594 000
Dividends	15 000 000	36 000 000	19 000 000	13 000 000
Net Income	16 291 000	31 593 000	17 163 000	11 541 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	1 049 000	2 623 000
Total Intangible Assets	2 191 000	2 284 000	2 637 000	4 208 000
Real Eastate	60 000	68 000	77 000	8 000
Machinery and Plant Facilities	96 000	175 000	297 000	343 000
Fixtures	0	0	0	0
Total Tangible Assets	155 000	243 000	374 000	351 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 346 000	2 527 000	3 011 000	4 559 000
Stock	0	0	0	0
Total Investments	14 105 000	28 921 000	23 427 000	16 385 000
Cash, Bank	31 808 000	39 440 000	17 710 000	12 312 000
Total Current Assets	79 437 000	119 042 000	77 084 000	60 179 000
Total Assets	81 783 000	121 568 000	80 095 000	64 737 000
Total Equity	21 507 000	20 352 000	18 613 000	20 587 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 600 000	1 018 000	2 015 000	1 705 000
Unpaid Taxes	13 919 000	4 126 000	3 195 000	3 276 000
Dividends	15 000 000	36 000 000	19 000 000	13 000 000
Other Current Debt	24 226 000	49 531 000	31 417 000	25 054 000
Total Current Debt	60 275 000	101 216 000	61 481 000	44 151 000
Total Equity and Debt	81 783 000	121 568 000	80 095 000	64 737 000

Financial indicators	2022	2021	2020	2019
Return on Equity	75,75 %	155,23 %	92,21 %	56,06 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	18,12 %	28,24 %	21,97 %	15,45 %
Current Ratio	1,32	1,18	1,25	1,36
Quick Ratio	1,32	1,18	1,25	1,36
Equity Ratio	0,26	0,17	0,23	0,32
Gross Profit Margin	98,04 %	98,29 %	99,39 %	99,15 %