ARCTIC RACE OF NORWAY AS

9405 HARSTAD

Finances

Share Ownership

Return on Equity

−84,33 %

Current Ratio

1,15

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	46 120 000	41 495 000	12 174 000	44 793 000
Net Income	−1 830 000	290 000	508 000	1 435 000
Total Assets	14 828 000	15 127 000	16 280 000	18 115 000
Total Equity	2 170 000	4 000 000	3 710 000	3 202 000

Income (NOK)	2022	2021	2020	2019
Revenue	46 120 000	41 495 000	12 174 000	44 793 000
Expenditure	48 220 000	41 083 000	11 510 000	43 335 000
Operating Profit	−2 100 000	412 000	663 000	1 457 000
Financial Income	1 000	1 000	6 000	14 000
Financial Costs	18 000	8 000	5 000	6 000
Financial Balance	−17 000	−7 000	1 000	8 000
Earnings Before Tax	−2 117 000	405 000	664 000	1 465 000
Tax	−287 000	115 000	156 000	30 000
Net Income	−1 830 000	290 000	508 000	1 435 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	287 000	0	0	0
Total Current Assets	14 541 000	15 127 000	16 280 000	18 115 000
Total Assets	14 828 000	15 127 000	16 280 000	18 115 000
Total Retained Equity	2 069 000	3 899 000	3 609 000	3 101 000
Total Equity	2 170 000	4 000 000	3 710 000	3 202 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	12 658 000	11 127 000	12 570 000	14 913 000
Total Equity and Debt	14 828 000	15 127 000	16 280 000	18 115 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	46 120 000	41 495 000	12 174 000	44 793 000
Other Income	0	0	0	0
Revenue	46 120 000	41 495 000	12 174 000	44 793 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	48 220 000	41 083 000	11 510 000	43 335 000
Operating Profit	−2 100 000	412 000	663 000	1 457 000
Financial Income	1 000	1 000	6 000	14 000
Financial Costs	18 000	8 000	5 000	6 000
Financial Balance	−17 000	−7 000	1 000	8 000
Dividends	0	0	0	0
Net Income	−1 830 000	290 000	508 000	1 435 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	287 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	287 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 383 000	11 721 000	15 779 000	14 521 000
Total Current Assets	14 541 000	15 127 000	16 280 000	18 115 000
Total Assets	14 828 000	15 127 000	16 280 000	18 115 000
Total Equity	2 170 000	4 000 000	3 710 000	3 202 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 267 000	8 716 000	8 822 000	12 001 000
Unpaid Taxes	705 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	8 686 000	2 296 000	3 592 000	2 881 000
Total Current Debt	12 658 000	11 127 000	12 570 000	14 913 000
Total Equity and Debt	14 828 000	15 127 000	16 280 000	18 115 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−84,33 %	7,25 %	13,69 %	44,82 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−4,55 %	0,99 %	5,45 %	3,25 %
Current Ratio	1,15	1,36	1,3	1,21
Quick Ratio	1,15	1,36	1,3	1,21
Equity Ratio	0,15	0,26	0,23	0,18
Gross Profit Margin	100 %	100 %	100 %	100 %