ARCTIC BIOSCIENCE AS

6155 ØRSTA

Finances

Return on Equity

−11,84 %

Current Ratio

4,91

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	34 469 000	21 515 000	20 593 000	30 132 000
Net Income	−34 024 000	−42 580 000	−22 585 000	−3 990 000
Total Assets	327 702 000	341 475 000	93 211 000	82 469 000
Total Equity	287 280 000	320 554 000	63 959 000	63 906 000

Income (NOK)	2022	2021	2020	2019
Revenue	34 469 000	21 515 000	20 593 000	30 132 000
Expenditure	82 283 000	63 469 000	48 437 000	35 198 000
Operating Profit	−37 389 000	−40 578 000	−21 669 000	−3 083 000
Financial Income	3 369 000	119 000	1 204 000	311 000
Financial Costs	4 000	2 121 000	2 120 000	1 217 000
Financial Balance	3 365 000	−2 002 000	−916 000	−906 000
Earnings Before Tax	−34 024 000	−42 580 000	−22 585 000	−3 990 000
Tax	0	0	0	0
Net Income	−34 024 000	−42 580 000	−22 585 000	−3 990 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	129 376 000	74 541 000	40 629 000	28 359 000
Total Current Assets	198 327 000	266 934 000	52 582 000	54 110 000
Total Assets	327 702 000	341 475 000	93 211 000	82 469 000
Total Retained Equity	0	0	0	0
Total Equity	287 280 000	320 554 000	63 959 000	63 906 000
Total Long-Term Debt	0	0	6 576 000	7 159 000
Total Current Debt	40 422 000	20 921 000	22 676 000	11 405 000
Total Equity and Debt	327 702 000	341 475 000	93 211 000	82 469 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	34 272 000	21 515 000	20 497 000	30 039 000
Other Income	197 000	0	96 000	93 000
Revenue	34 469 000	21 515 000	20 593 000	30 132 000
Cost of Goods Sold	33 050 000	17 732 000	21 357 000	19 787 000
Salary Costs	24 355 000	17 261 000	10 764 000	5 565 000
Depreciation	3 731 000	2 518 000	1 192 000	1 080 000
Impairment	0	0	0	0
Expenditure	82 283 000	63 469 000	48 437 000	35 198 000
Operating Profit	−37 389 000	−40 578 000	−21 669 000	−3 083 000
Financial Income	3 369 000	119 000	1 204 000	311 000
Financial Costs	4 000	2 121 000	2 120 000	1 217 000
Financial Balance	3 365 000	−2 002 000	−916 000	−906 000
Dividends	0	0	0	0
Net Income	−34 024 000	−42 580 000	−22 585 000	−3 990 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	107 044 000	58 548 000	34 207 000	25 184 000
Real Eastate	19 070 000	13 000 000	4 431 000	2 980 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 262 000	2 993 000	1 931 000	165 000
Total Tangible Assets	22 332 000	15 993 000	6 362 000	3 145 000
Total Fiancial Fixed Assets	0	0	60 000	30 000
Total Fixed Assets	129 376 000	74 541 000	40 629 000	28 359 000
Stock	35 462 000	28 526 000	26 246 000	17 465 000
Total Investments	0	0	0	0
Cash, Bank	144 152 000	227 362 000	12 557 000	23 963 000
Total Current Assets	198 327 000	266 934 000	52 582 000	54 110 000
Total Assets	327 702 000	341 475 000	93 211 000	82 469 000
Total Equity	287 280 000	320 554 000	63 959 000	63 906 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	6 576 000	7 159 000
Creditors	18 253 000	8 360 000	9 931 000	6 466 000
Unpaid Taxes	1 741 000	2 422 000	1 733 000	976 000
Dividends	0	0	0	0
Other Current Debt	20 428 000	10 135 000	9 132 000	3 962 000
Total Current Debt	40 422 000	20 921 000	22 676 000	11 405 000
Total Equity and Debt	327 702 000	341 475 000	93 211 000	82 469 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,84 %	−13,28 %	−35,31 %	−6,24 %
Debt-to-Equity Ratio	0	0	0,1	0,11
Operating Profit Margin	−108,47 %	−188,6 %	−105,23 %	−10,23 %
Current Ratio	4,91	12,76	2,32	4,74
Quick Ratio	39,99	−35,1	−14,73	−8,93
Equity Ratio	0,88	0,94	0,69	0,77
Gross Profit Margin	4,12 %	17,58 %	−3,71 %	34,33 %