ARCTIC SPAS VEST AS

5235 RÅDAL

Finances

Return on Equity

−1,99 %

Current Ratio

2,45

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 069 000	22 702 000	21 539 000	16 761 000
Net Income	−128 000	3 258 000	2 919 000	1 210 000
Total Assets	10 685 000	9 335 000	8 678 000	6 490 000
Total Equity	6 436 000	6 564 000	3 306 000	2 387 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 069 000	22 702 000	21 539 000	16 761 000
Expenditure	16 207 000	18 489 000	17 645 000	15 144 000
Operating Profit	−138 000	4 215 000	3 894 000	1 618 000
Financial Income	3 000	9 000	3 000	5 000
Financial Costs	29 000	47 000	155 000	70 000
Financial Balance	−26 000	−38 000	−152 000	−65 000
Earnings Before Tax	−164 000	4 176 000	3 743 000	1 552 000
Tax	−36 000	919 000	824 000	342 000
Net Income	−128 000	3 258 000	2 919 000	1 210 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	255 000	220 000	223 000	237 000
Total Current Assets	10 430 000	9 116 000	8 456 000	6 253 000
Total Assets	10 685 000	9 335 000	8 678 000	6 490 000
Total Retained Equity	6 336 000	6 464 000	3 206 000	2 287 000
Total Equity	6 436 000	6 564 000	3 306 000	2 387 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 249 000	2 771 000	5 372 000	4 102 000
Total Equity and Debt	10 685 000	9 335 000	8 678 000	6 490 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 065 000	22 686 000	21 529 000	16 654 000
Other Income	3 000	17 000	11 000	107 000
Revenue	16 069 000	22 702 000	21 539 000	16 761 000
Cost of Goods Sold	10 135 000	11 831 000	11 421 000	10 111 000
Salary Costs	2 788 000	3 523 000	3 115 000	2 031 000
Depreciation	0	0	8 000	12 000
Impairment	0	0	0	0
Expenditure	16 207 000	18 489 000	17 645 000	15 144 000
Operating Profit	−138 000	4 215 000	3 894 000	1 618 000
Financial Income	3 000	9 000	3 000	5 000
Financial Costs	29 000	47 000	155 000	70 000
Financial Balance	−26 000	−38 000	−152 000	−65 000
Dividends	0	0	2 000 000	0
Net Income	−128 000	3 258 000	2 919 000	1 210 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	54 000	19 000	22 000	28 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	8 000
Total Tangible Assets	0	0	0	8 000
Total Fiancial Fixed Assets	201 000	201 000	201 000	201 000
Total Fixed Assets	255 000	220 000	223 000	237 000
Stock	8 778 000	8 073 000	4 224 000	2 024 000
Total Investments	0	0	0	0
Cash, Bank	1 453 000	332 000	2 948 000	2 893 000
Total Current Assets	10 430 000	9 116 000	8 456 000	6 253 000
Total Assets	10 685 000	9 335 000	8 678 000	6 490 000
Total Equity	6 436 000	6 564 000	3 306 000	2 387 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 196 000	754 000	938 000	869 000
Unpaid Taxes	357 000	682 000	1 078 000	760 000
Dividends	0	0	2 000 000	0
Other Current Debt	2 697 000	420 000	538 000	2 125 000
Total Current Debt	4 249 000	2 771 000	5 372 000	4 102 000
Total Equity and Debt	10 685 000	9 335 000	8 678 000	6 490 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,99 %	49,63 %	88,29 %	50,69 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−0,86 %	18,57 %	18,08 %	9,65 %
Current Ratio	2,45	3,29	1,57	1,52
Quick Ratio	−2,3	−1,72	7,37	3,01
Equity Ratio	0,6	0,7	0,38	0,37
Gross Profit Margin	36,93 %	47,89 %	46,98 %	39,68 %