ARCTIC RESOURCE NORGE AS

9690 HAVØYSUND

Finances

Share Ownership

Return on Equity

7,9 %

Current Ratio

1,28

Debt-to-Equity Ratio

−1,09

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 290 000	14 518 000	29 050 000	24 894 000
Net Income	−7 555 000	580 000	−12 520 000	5 769 000
Total Assets	11 852 000	13 920 000	14 658 000	12 357 000
Total Equity	−95 655 000	−88 100 000	−99 744 000	−87 224 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 290 000	14 518 000	29 050 000	24 894 000
Expenditure	12 881 000	17 760 000	33 577 000	24 521 000
Operating Profit	−1 591 000	−3 242 000	−4 526 000	373 000
Financial Income	246 000	5 421 000	304 000	951 000
Financial Costs	6 211 000	1 598 000	8 298 000	−4 445 000
Financial Balance	−5 965 000	3 823 000	−7 994 000	5 396 000
Earnings Before Tax	−7 555 000	580 000	−12 520 000	5 769 000
Tax	0	0	0	0
Net Income	−7 555 000	580 000	−12 520 000	5 769 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 725 000	9 560 000	9 776 000	9 701 000
Total Current Assets	4 127 000	4 361 000	4 882 000	2 657 000
Total Assets	11 852 000	13 920 000	14 658 000	12 357 000
Total Retained Equity	−106 819 000	−99 264 000	−99 844 000	−87 324 000
Total Equity	−95 655 000	−88 100 000	−99 744 000	−87 224 000
Total Long-Term Debt	104 288 000	95 277 000	103 389 000	92 447 000
Total Current Debt	3 219 000	6 743 000	11 014 000	7 134 000
Total Equity and Debt	11 852 000	13 920 000	14 658 000	12 357 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 721 000	14 518 000	29 003 000	24 894 000
Other Income	569 000	0	47 000	0
Revenue	11 290 000	14 518 000	29 050 000	24 894 000
Cost of Goods Sold	7 856 000	10 662 000	25 111 000	17 027 000
Salary Costs	2 626 000	3 377 000	4 376 000	3 767 000
Depreciation	1 244 000	1 382 000	1 478 000	1 106 000
Impairment	0	0	25 000	0
Expenditure	12 881 000	17 760 000	33 577 000	24 521 000
Operating Profit	−1 591 000	−3 242 000	−4 526 000	373 000
Financial Income	246 000	5 421 000	304 000	951 000
Financial Costs	6 211 000	1 598 000	8 298 000	−4 445 000
Financial Balance	−5 965 000	3 823 000	−7 994 000	5 396 000
Dividends	0	0	0	0
Net Income	−7 555 000	580 000	−12 520 000	5 769 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	7 335 000	7 975 000	7 549 000	6 959 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	390 000	1 585 000	2 227 000	2 741 000
Total Tangible Assets	7 725 000	9 560 000	9 776 000	9 701 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 725 000	9 560 000	9 776 000	9 701 000
Stock	116 000	25 000	132 000	796 000
Total Investments	0	0	0	0
Cash, Bank	114 000	301 000	382 000	101 000
Total Current Assets	4 127 000	4 361 000	4 882 000	2 657 000
Total Assets	11 852 000	13 920 000	14 658 000	12 357 000
Total Equity	−95 655 000	−88 100 000	−99 744 000	−87 224 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	104 288 000	95 277 000	103 389 000	92 447 000
Creditors	2 805 000	3 806 000	3 974 000	1 550 000
Unpaid Taxes	108 000	148 000	132 000	108 000
Dividends	0	0	0	0
Other Current Debt	306 000	2 789 000	6 908 000	5 476 000
Total Current Debt	3 219 000	6 743 000	11 014 000	7 134 000
Total Equity and Debt	11 852 000	13 920 000	14 658 000	12 357 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,9 %	−0,66 %	12,55 %	−6,61 %
Debt-to-Equity Ratio	−1,09	−1,08	−1,04	−1,06
Operating Profit Margin	−14,09 %	−22,33 %	−15,58 %	1,5 %
Current Ratio	1,28	0,65	0,44	0,37
Quick Ratio	1,33	0,65	0,45	0,42
Equity Ratio	−8,07	−6,33	−6,8	−7,06
Gross Profit Margin	30,42 %	26,56 %	13,56 %	31,6 %