ARCTIC RØR AS

9620 KVALSUND

Finances

Return on Equity

26,82 %

Current Ratio

2,14

Debt-to-Equity Ratio

2,98

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 224 000	4 747 000	5 173 000	4 576 000
Net Income	310 000	−821 000	218 000	443 000
Total Assets	5 217 000	5 196 000	6 281 000	2 378 000
Total Equity	1 156 000	846 000	1 667 000	1 441 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 224 000	4 747 000	5 173 000	4 576 000
Expenditure	2 749 000	5 430 000	4 873 000	3 998 000
Operating Profit	475 000	−683 000	300 000	578 000
Financial Income	21 000	14 000	18 000	25 000
Financial Costs	186 000	169 000	58 000	5 000
Financial Balance	−165 000	−155 000	−40 000	20 000
Earnings Before Tax	310 000	−838 000	260 000	598 000
Tax	0	−17 000	42 000	155 000
Net Income	310 000	−821 000	218 000	443 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 890 000	3 970 000	4 098 000	249 000
Total Current Assets	1 327 000	1 226 000	2 184 000	2 129 000
Total Assets	5 217 000	5 196 000	6 281 000	2 378 000
Total Retained Equity	1 066 000	756 000	1 577 000	1 351 000
Total Equity	1 156 000	846 000	1 667 000	1 441 000
Total Long-Term Debt	3 441 000	3 751 000	3 532 000	8 000
Total Current Debt	620 000	600 000	1 082 000	928 000
Total Equity and Debt	5 217 000	5 196 000	6 281 000	2 378 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 991 000	4 497 000	5 083 000	4 523 000
Other Income	234 000	250 000	91 000	53 000
Revenue	3 224 000	4 747 000	5 173 000	4 576 000
Cost of Goods Sold	883 000	2 288 000	2 292 000	1 782 000
Salary Costs	1 010 000	2 033 000	1 763 000	1 482 000
Depreciation	81 000	128 000	137 000	76 000
Impairment	0	0	0	0
Expenditure	2 749 000	5 430 000	4 873 000	3 998 000
Operating Profit	475 000	−683 000	300 000	578 000
Financial Income	21 000	14 000	18 000	25 000
Financial Costs	186 000	169 000	58 000	5 000
Financial Balance	−165 000	−155 000	−40 000	20 000
Dividends	0	0	0	0
Net Income	310 000	−821 000	218 000	443 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 849 000	3 865 000	3 880 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	41 000	106 000	217 000	249 000
Total Tangible Assets	3 890 000	3 970 000	4 098 000	249 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 890 000	3 970 000	4 098 000	249 000
Stock	101 000	84 000	287 000	175 000
Total Investments	110 000	110 000	110 000	110 000
Cash, Bank	823 000	209 000	473 000	1 175 000
Total Current Assets	1 327 000	1 226 000	2 184 000	2 129 000
Total Assets	5 217 000	5 196 000	6 281 000	2 378 000
Total Equity	1 156 000	846 000	1 667 000	1 441 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 441 000	3 751 000	3 532 000	8 000
Creditors	265 000	103 000	577 000	302 000
Unpaid Taxes	177 000	277 000	294 000	327 000
Dividends	0	0	0	0
Other Current Debt	178 000	216 000	185 000	144 000
Total Current Debt	620 000	600 000	1 082 000	928 000
Total Equity and Debt	5 217 000	5 196 000	6 281 000	2 378 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,82 %	−97,04 %	13,08 %	30,74 %
Debt-to-Equity Ratio	2,98	4,43	2,12	0,01
Operating Profit Margin	14,73 %	−14,39 %	5,8 %	12,63 %
Current Ratio	2,14	2,04	2,02	2,29
Quick Ratio	2,56	2,38	2,75	2,83
Equity Ratio	0,22	0,16	0,27	0,61
Gross Profit Margin	72,61 %	51,8 %	55,69 %	61,06 %