ARCTIC DIVE AS

9900 KIRKENES

Finances

Return on Equity

20,13 %

Current Ratio

1,86

Debt-to-Equity Ratio

0,48

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 896 000	22 270 000	23 592 000	18 915 000
Net Income	1 741 000	−814 000	1 145 000	1 498 000
Total Assets	17 721 000	15 204 000	18 056 000	14 446 000
Total Equity	8 649 000	6 908 000	7 721 000	6 576 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 896 000	22 270 000	23 592 000	18 915 000
Expenditure	23 547 000	22 699 000	22 107 000	16 988 000
Operating Profit	2 349 000	−429 000	1 485 000	1 926 000
Financial Income	62 000	55 000	62 000	74 000
Financial Costs	174 000	668 000	74 000	92 000
Financial Balance	−112 000	−613 000	−12 000	−18 000
Earnings Before Tax	2 236 000	−1 042 000	1 473 000	1 908 000
Tax	495 000	−228 000	328 000	410 000
Net Income	1 741 000	−814 000	1 145 000	1 498 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 563 000	10 150 000	11 172 000	10 249 000
Total Current Assets	9 158 000	5 053 000	6 884 000	4 198 000
Total Assets	17 721 000	15 204 000	18 056 000	14 446 000
Total Retained Equity	7 148 000	5 407 000	6 221 000	5 075 000
Total Equity	8 649 000	6 908 000	7 721 000	6 576 000
Total Long-Term Debt	4 141 000	4 697 000	5 517 000	1 813 000
Total Current Debt	4 931 000	3 599 000	4 819 000	6 057 000
Total Equity and Debt	17 721 000	15 204 000	18 056 000	14 446 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	25 896 000	22 270 000	23 590 000	18 665 000
Other Income	0	0	1 000	250 000
Revenue	25 896 000	22 270 000	23 592 000	18 915 000
Cost of Goods Sold	2 142 000	2 418 000	2 555 000	1 497 000
Salary Costs	10 056 000	9 878 000	9 232 000	7 782 000
Depreciation	1 488 000	1 400 000	1 060 000	1 009 000
Impairment	0	0	0	0
Expenditure	23 547 000	22 699 000	22 107 000	16 988 000
Operating Profit	2 349 000	−429 000	1 485 000	1 926 000
Financial Income	62 000	55 000	62 000	74 000
Financial Costs	174 000	668 000	74 000	92 000
Financial Balance	−112 000	−613 000	−12 000	−18 000
Dividends	0	0	0	0
Net Income	1 741 000	−814 000	1 145 000	1 498 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 232 000	1 768 000	2 196 000	0
Fixtures	38 000	84 000	0	1 268 000
Total Tangible Assets	7 028 000	8 316 000	8 139 000	7 718 000
Total Fiancial Fixed Assets	1 535 000	1 834 000	3 033 000	2 531 000
Total Fixed Assets	8 563 000	10 150 000	11 172 000	10 249 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 806 000	1 931 000	3 852 000	2 369 000
Total Current Assets	9 158 000	5 053 000	6 884 000	4 198 000
Total Assets	17 721 000	15 204 000	18 056 000	14 446 000
Total Equity	8 649 000	6 908 000	7 721 000	6 576 000
Short-Term Group Debt	266 000	270 000	226 000	1 680 000
Total Long-Term Debt	4 141 000	4 697 000	5 517 000	1 813 000
Creditors	1 015 000	1 309 000	722 000	869 000
Unpaid Taxes	1 314 000	823 000	1 191 000	555 000
Dividends	0	0	0	0
Other Current Debt	1 882 000	1 197 000	2 500 000	2 953 000
Total Current Debt	4 931 000	3 599 000	4 819 000	6 057 000
Total Equity and Debt	17 721 000	15 204 000	18 056 000	14 446 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,13 %	−11,78 %	14,83 %	22,78 %
Debt-to-Equity Ratio	0,48	0,68	0,71	0,28
Operating Profit Margin	9,07 %	−1,93 %	6,29 %	10,18 %
Current Ratio	1,86	1,4	1,43	0,69
Quick Ratio	1,86	1,4	1,43	0,69
Equity Ratio	0,49	0,45	0,43	0,46
Gross Profit Margin	91,73 %	89,14 %	89,17 %	92,09 %