ARCTICSOURCE1 AS

3126 TØNSBERG

Finances

Return on Equity

15,32 %

Current Ratio

1,97

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 144 000	7 289 000	9 305 000	7 533 000
Net Income	357 000	1 379 000	12 000	−136 000
Total Assets	4 102 000	4 185 000	4 246 000	5 267 000
Total Equity	2 331 000	2 747 000	2 269 000	2 610 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 144 000	7 289 000	9 305 000	7 533 000
Expenditure	2 789 000	5 454 000	9 265 000	7 695 000
Operating Profit	356 000	1 834 000	41 000	−161 000
Financial Income	120 000	158 000	2 000	225 000
Financial Costs	17 000	220 000	24 000	231 000
Financial Balance	103 000	−62 000	−22 000	−6 000
Earnings Before Tax	459 000	1 772 000	19 000	−167 000
Tax	102 000	393 000	6 000	−31 000
Net Income	357 000	1 379 000	12 000	−136 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	615 000	751 000	530 000	495 000
Total Current Assets	3 486 000	3 434 000	3 716 000	4 772 000
Total Assets	4 102 000	4 185 000	4 246 000	5 267 000
Total Retained Equity	2 231 000	2 647 000	2 169 000	2 510 000
Total Equity	2 331 000	2 747 000	2 269 000	2 610 000
Total Long-Term Debt	0	108 000	0	0
Total Current Debt	1 771 000	1 330 000	1 977 000	2 657 000
Total Equity and Debt	4 102 000	4 185 000	4 246 000	5 267 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 180 000	6 908 000	9 305 000	7 056 000
Other Income	965 000	381 000	0	477 000
Revenue	3 144 000	7 289 000	9 305 000	7 533 000
Cost of Goods Sold	1 711 000	4 467 000	7 191 000	5 494 000
Salary Costs	796 000	812 000	661 000	631 000
Depreciation	96 000	71 000	58 000	58 000
Impairment	0	0	0	0
Expenditure	2 789 000	5 454 000	9 265 000	7 695 000
Operating Profit	356 000	1 834 000	41 000	−161 000
Financial Income	120 000	158 000	2 000	225 000
Financial Costs	17 000	220 000	24 000	231 000
Financial Balance	103 000	−62 000	−22 000	−6 000
Dividends	0	0	0	0
Net Income	357 000	1 379 000	12 000	−136 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	10 000	13 000	0	0
Total Intangible Assets	273 000	351 000	175 000	82 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	230 000	288 000	345 000	403 000
Total Tangible Assets	230 000	288 000	345 000	403 000
Total Fiancial Fixed Assets	112 000	112 000	10 000	10 000
Total Fixed Assets	615 000	751 000	530 000	495 000
Stock	861 000	2 067 000	629 000	621 000
Total Investments	0	0	0	0
Cash, Bank	804 000	421 000	861 000	833 000
Total Current Assets	3 486 000	3 434 000	3 716 000	4 772 000
Total Assets	4 102 000	4 185 000	4 246 000	5 267 000
Total Equity	2 331 000	2 747 000	2 269 000	2 610 000
Short-Term Group Debt	771 000	726 000	994 000	567 000
Total Long-Term Debt	0	108 000	0	0
Creditors	771 000	282 000	724 000	1 227 000
Unpaid Taxes	57 000	68 000	177 000	162 000
Dividends	0	0	0	0
Other Current Debt	172 000	253 000	82 000	700 000
Total Current Debt	1 771 000	1 330 000	1 977 000	2 657 000
Total Equity and Debt	4 102 000	4 185 000	4 246 000	5 267 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,32 %	50,2 %	0,53 %	−5,21 %
Debt-to-Equity Ratio	0	0,04	0	0
Operating Profit Margin	11,32 %	25,16 %	0,44 %	−2,14 %
Current Ratio	1,97	2,58	1,88	1,8
Quick Ratio	3,83	−4,66	2,76	2,34
Equity Ratio	0,57	0,66	0,53	0,5
Gross Profit Margin	45,58 %	38,72 %	22,72 %	27,07 %