POLARFEED AS

8370 LEKNES

Finances

Share Ownership

Return on Equity

−72,27 %

Current Ratio

1,58

Debt-to-Equity Ratio

4,72

Key figures (NOK)	2022	2021	2020
Revenue	223 344 000	100 417 000	233 509 000
Net Income	−7 768 000	−10 425 000	−7 161 000
Total Assets	121 654 000	128 548 000	106 748 000
Total Equity	10 748 000	10 145 000	6 417 000

Income (NOK)	2022	2021	2020
Revenue	223 344 000	100 417 000	233 509 000
Expenditure	201 773 000	110 561 000	241 292 000
Operating Profit	−6 097 000	−11 544 000	−8 794 000
Financial Income	1 288 000	201 000	952 000
Financial Costs	5 199 000	2 056 000	1 778 000
Financial Balance	−3 911 000	−1 855 000	−826 000
Earnings Before Tax	−10 007 000	−13 399 000	−9 620 000
Tax	−2 239 000	−2 973 000	−2 459 000
Net Income	−7 768 000	−10 425 000	−7 161 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	26 449 000	26 253 000	29 048 000
Total Current Assets	95 205 000	102 295 000	77 700 000
Total Assets	121 654 000	128 548 000	106 748 000
Total Retained Equity	495 000	−108 000	2 176 000
Total Equity	10 748 000	10 145 000	6 417 000
Total Long-Term Debt	50 783 000	56 979 000	2 277 000
Total Current Debt	60 123 000	61 424 000	98 054 000
Total Equity and Debt	121 654 000	128 548 000	106 748 000

Cash flow (NOK)	2022	2021	2020
Sales Income	196 095 000	99 835 000	232 527 000
Other Income	27 248 000	583 000	983 000
Revenue	223 344 000	100 417 000	233 509 000
Cost of Goods Sold	167 312 000	84 690 000	206 648 000
Salary Costs	10 599 000	10 743 000	11 876 000
Depreciation	2 845 000	2 918 000	2 090 000
Impairment	0	0	0
Expenditure	201 773 000	110 561 000	241 292 000
Operating Profit	−6 097 000	−11 544 000	−8 794 000
Financial Income	1 288 000	201 000	952 000
Financial Costs	5 199 000	2 056 000	1 778 000
Financial Balance	−3 911 000	−1 855 000	−826 000
Dividends	0	0	0
Net Income	−7 768 000	−10 425 000	−7 161 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	4 835 000	3 541 000	3 794 000
Machinery and Plant Facilities	21 460 000	22 483 000	24 974 000
Fixtures	121 000	196 000	247 000
Total Tangible Assets	26 416 000	26 220 000	29 015 000
Total Fiancial Fixed Assets	33 000	33 000	33 000
Total Fixed Assets	26 449 000	26 253 000	29 048 000
Stock	45 014 000	57 084 000	52 144 000
Total Investments	0	0	0
Cash, Bank	458 000	15 509 000	5 000 000
Total Current Assets	95 205 000	102 295 000	77 700 000
Total Assets	121 654 000	128 548 000	106 748 000
Total Equity	10 748 000	10 145 000	6 417 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	50 783 000	56 979 000	2 277 000
Creditors	12 126 000	47 578 000	6 728 000
Unpaid Taxes	6 393 000	405 000	1 720 000
Dividends	0	0	0
Other Current Debt	1 630 000	10 745 000	89 606 000
Total Current Debt	60 123 000	61 424 000	98 054 000
Total Equity and Debt	121 654 000	128 548 000	106 748 000

Financial indicators	2022	2021	2020
Return on Equity	−72,27 %	−102,76 %	−111,59 %
Debt-to-Equity Ratio	4,72	5,62	0,35
Operating Profit Margin	−2,73 %	−11,5 %	−3,77 %
Current Ratio	1,58	1,67	0,79
Quick Ratio	6,3	23,57	1,69
Equity Ratio	0,09	0,08	0,06
Gross Profit Margin	25,09 %	15,66 %	11,5 %