ARCTIC DEVELOPMENT AS

9950 VARDØ

Finances

Share Ownership

Return on Equity

44,05 %

Current Ratio

N/A

Debt-to-Equity Ratio

0,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	368 000	233 000	349 000	166 000
Net Income	100 000	13 000	65 000	18 000
Total Assets	288 000	274 000	257 000	257 000
Total Equity	227 000	257 000	159 000	92 000

Income (NOK)	2022	2021	2020	2019
Revenue	368 000	233 000	349 000	166 000
Expenditure	267 000	220 000	284 000	148 000
Operating Profit	101 000	14 000	65 000	18 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	100 000	13 000	65 000	18 000
Tax	0	0	0	0
Net Income	100 000	13 000	65 000	18 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	229 000	237 000	234 000	234 000
Total Current Assets	59 000	37 000	23 000	23 000
Total Assets	288 000	274 000	257 000	257 000
Total Retained Equity	197 000	227 000	127 000	18 000
Total Equity	227 000	257 000	159 000	92 000
Total Long-Term Debt	61 000	61 000	71 000	138 000
Total Current Debt	0	2 000	27 000	27 000
Total Equity and Debt	288 000	319 000	257 000	257 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	368 000	233 000	349 000	166 000
Other Income	0	0	0	0
Revenue	368 000	233 000	349 000	166 000
Cost of Goods Sold	12 000	0	0	0
Salary Costs	122 000	113 000	0	27 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	267 000	220 000	284 000	148 000
Operating Profit	101 000	14 000	65 000	18 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	100 000	13 000	65 000	18 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	225 000	225 000	225 000	225 000
Machinery and Plant Facilities	0	0	0	4 000
Fixtures	4 000	4 000	4 000	0
Total Tangible Assets	229 000	229 000	229 000	229 000
Total Fiancial Fixed Assets	0	8 000	5 000	5 000
Total Fixed Assets	229 000	237 000	234 000	234 000
Stock	0	0	0	0
Total Investments	0	3 000	3 000	3 000
Cash, Bank	58 000	19 000	23 000	24 000
Total Current Assets	59 000	37 000	23 000	23 000
Total Assets	288 000	274 000	257 000	257 000
Total Equity	227 000	257 000	159 000	92 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	61 000	61 000	71 000	138 000
Creditors	0	0	0	0
Unpaid Taxes	0	2 000	21 000	0
Dividends	0	0	0	0
Other Current Debt	0	0	5 000	27 000
Total Current Debt	0	2 000	27 000	27 000
Total Equity and Debt	288 000	319 000	257 000	257 000

Financial indicators	2022	2021	2020	2019
Return on Equity	44,05 %	5,06 %	40,88 %	19,57 %
Debt-to-Equity Ratio	0,27	0,24	0,45	1,5
Operating Profit Margin	27,45 %	6,01 %	18,62 %	10,84 %
Current Ratio	-	18,5	0,85	0,85
Quick Ratio	-	18,5	0,85	0,85
Equity Ratio	0,79	0,94	0,62	0,36
Gross Profit Margin	96,74 %	100 %	100 %	100 %