ARCTIC HAVSERVICE AS

8540 BALLANGEN

Finances

Share Ownership

Return on Equity

−12,86 %

Current Ratio

2,36

Debt-to-Equity Ratio

1,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 170 000	988 000	260 000	721 000
Net Income	−113 000	−290 000	−329 000	472 000
Total Assets	3 237 000	4 895 000	1 434 000	1 029 000
Total Equity	879 000	992 000	1 282 000	611 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 170 000	988 000	260 000	721 000
Expenditure	5 228 000	1 162 000	694 000	118 000
Operating Profit	−59 000	−173 000	−433 000	603 000
Financial Income	2 000	15 000	14 000	5 000
Financial Costs	170 000	132 000	2 000	2 000
Financial Balance	−168 000	−117 000	12 000	3 000
Earnings Before Tax	−227 000	−290 000	−421 000	605 000
Tax	−114 000	0	−93 000	134 000
Net Income	−113 000	−290 000	−329 000	472 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 214 000	2 331 000	36 000	36 000
Total Current Assets	2 022 000	2 564 000	1 397 000	993 000
Total Assets	3 237 000	4 895 000	1 434 000	1 029 000
Total Retained Equity	−171 000	−58 000	232 000	561 000
Total Equity	879 000	992 000	1 282 000	611 000
Total Long-Term Debt	1 500 000	3 500 000	0	0
Total Current Debt	858 000	403 000	151 000	418 000
Total Equity and Debt	3 237 000	4 895 000	1 434 000	1 029 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 206 000	988 000	260 000	715 000
Other Income	−37 000	0	0	6 000
Revenue	5 170 000	988 000	260 000	721 000
Cost of Goods Sold	3 200 000	175 000	60 000	0
Salary Costs	645 000	645 000	471 000	0
Depreciation	1 244 000	251 000	0	0
Impairment	0	0	0	0
Expenditure	5 228 000	1 162 000	694 000	118 000
Operating Profit	−59 000	−173 000	−433 000	603 000
Financial Income	2 000	15 000	14 000	5 000
Financial Costs	170 000	132 000	2 000	2 000
Financial Balance	−168 000	−117 000	12 000	3 000
Dividends	0	0	0	0
Net Income	−113 000	−290 000	−329 000	472 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	164 000	36 000	36 000	36 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 051 000	2 295 000	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 051 000	2 295 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 214 000	2 331 000	36 000	36 000
Stock	488 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 459 000	2 563 000	1 304 000	536 000
Total Current Assets	2 022 000	2 564 000	1 397 000	993 000
Total Assets	3 237 000	4 895 000	1 434 000	1 029 000
Total Equity	879 000	992 000	1 282 000	611 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 500 000	3 500 000	0	0
Creditors	654 000	3 000	4 000	23 000
Unpaid Taxes	36 000	256 000	49 000	154 000
Dividends	0	0	0	0
Other Current Debt	154 000	144 000	99 000	107 000
Total Current Debt	858 000	403 000	151 000	418 000
Total Equity and Debt	3 237 000	4 895 000	1 434 000	1 029 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,86 %	−29,23 %	−25,66 %	77,25 %
Debt-to-Equity Ratio	1,71	3,53	0	0
Operating Profit Margin	−1,14 %	−17,51 %	−166,54 %	83,63 %
Current Ratio	2,36	6,36	9,25	2,38
Quick Ratio	5,46	6,36	9,25	2,38
Equity Ratio	0,27	0,2	0,89	0,59
Gross Profit Margin	38,1 %	82,29 %	76,92 %	100 %