ARCTIC RESOURCE AS

8624 MO I RANA

Finances

Share Ownership

Return on Equity

178,42 %

Current Ratio

0,72

Debt-to-Equity Ratio

−0,22

Key figures (NOK)	2020	2019	2018	2017
Revenue	18 753 000	37 812 000	31 336 000	18 024 000
Net Income	−3 563 000	−53 000	1 943 000	654 000
Total Assets	5 914 000	10 357 000	8 552 000	6 731 000
Total Equity	−1 997 000	1 566 000	1 619 000	676 000

Income (NOK)	2020	2019	2018	2017
Revenue	18 753 000	37 812 000	31 336 000	18 024 000
Expenditure	22 408 000	37 713 000	28 963 000	17 490 000
Operating Profit	−3 655 000	99 000	2 372 000	542 000
Financial Income	2 000	5 000	216 000	141 000
Financial Costs	70 000	86 000	114 000	68 000
Financial Balance	−68 000	−81 000	102 000	73 000
Earnings Before Tax	−3 723 000	18 000	2 474 000	615 000
Tax	−160 000	71 000	531 000	−40 000
Net Income	−3 563 000	−53 000	1 943 000	654 000

Balance (NOK)	2020	2019	2018	2017
Total Fixed Assets	517 000	695 000	680 000	1 289 000
Total Current Assets	5 397 000	9 662 000	7 872 000	5 443 000
Total Assets	5 914 000	10 357 000	8 552 000	6 731 000
Total Retained Equity	−2 097 000	1 466 000	1 519 000	576 000
Total Equity	−1 997 000	1 566 000	1 619 000	676 000
Total Long-Term Debt	434 000	69 000	90 000	330 000
Total Current Debt	7 477 000	8 722 000	6 842 000	5 725 000
Total Equity and Debt	5 914 000	10 357 000	8 552 000	6 731 000

Cash flow (NOK)	2020	2019	2018	2017
Sales Income	18 295 000	37 787 000	31 268 000	17 721 000
Other Income	457 000	25 000	68 000	302 000
Revenue	18 753 000	37 812 000	31 336 000	18 024 000
Cost of Goods Sold	0	6 000	49 000	17 000
Salary Costs	15 705 000	31 421 000	23 420 000	14 018 000
Depreciation	177 000	183 000	292 000	183 000
Impairment	0	0	0	0
Expenditure	22 408 000	37 713 000	28 963 000	17 490 000
Operating Profit	−3 655 000	99 000	2 372 000	542 000
Financial Income	2 000	5 000	216 000	141 000
Financial Costs	70 000	86 000	114 000	68 000
Financial Balance	−68 000	−81 000	102 000	73 000
Dividends	0	0	1 000 000	725 000
Net Income	−3 563 000	−53 000	1 943 000	654 000

Balance details (NOK)	2020	2019	2018	2017
Goodwill	0	0	0	0
Total Intangible Assets	0	49 000	45 000	127 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	5 000	19 000
Fixtures	430 000	568 000	545 000	662 000
Total Tangible Assets	430 000	568 000	550 000	682 000
Total Fiancial Fixed Assets	87 000	78 000	84 000	480 000
Total Fixed Assets	517 000	695 000	680 000	1 289 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 045 000	3 549 000	525 000	1 035 000
Total Current Assets	5 397 000	9 662 000	7 872 000	5 443 000
Total Assets	5 914 000	10 357 000	8 552 000	6 731 000
Total Equity	−1 997 000	1 566 000	1 619 000	676 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	434 000	69 000	90 000	330 000
Creditors	322 000	1 288 000	297 000	558 000
Unpaid Taxes	4 769 000	2 807 000	1 722 000	1 948 000
Dividends	0	0	1 000 000	725 000
Other Current Debt	2 365 000	4 509 000	3 371 000	2 460 000
Total Current Debt	7 477 000	8 722 000	6 842 000	5 725 000
Total Equity and Debt	5 914 000	10 357 000	8 552 000	6 731 000

Financial indicators	2020	2019	2018	2017
Return on Equity	178,42 %	−3,38 %	120,01 %	96,75 %
Debt-to-Equity Ratio	−0,22	0,04	0,06	0,49
Operating Profit Margin	−19,49 %	0,26 %	7,57 %	3,01 %
Current Ratio	0,72	1,11	1,15	0,95
Quick Ratio	0,72	1,11	1,15	0,95
Equity Ratio	−0,34	0,15	0,19	0,1
Gross Profit Margin	100 %	99,98 %	99,84 %	99,91 %