POLAR HAUGESUND AS

5527 HAUGESUND

Finances

Share Ownership

Return on Equity

−15,9 %

Current Ratio

34,83

Debt-to-Equity Ratio

6,98

Key figures (NOK)	2022	2021	2020	2019
Revenue	282 000	130 000	259 000	27 700 000
Net Income	−87 000	−6 416 000	−4 752 000	−4 675 000
Total Assets	4 493 000	2 983 000	6 743 000	10 900 000
Total Equity	547 000	−2 866 000	1 034 000	2 957 000

Income (NOK)	2022	2021	2020	2019
Revenue	282 000	130 000	259 000	27 700 000
Expenditure	373 000	4 169 000	6 236 000	33 602 000
Operating Profit	−91 000	−4 039 000	−5 977 000	−5 900 000
Financial Income	5 000	0	9 000	38 000
Financial Costs	1 000	4 000	121 000	129 000
Financial Balance	4 000	−4 000	−112 000	−91 000
Earnings Before Tax	−87 000	−4 043 000	−6 089 000	−5 991 000
Tax	0	2 373 000	−1 337 000	−1 315 000
Net Income	−87 000	−6 416 000	−4 752 000	−4 675 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	2 653 000	1 978 000
Total Current Assets	4 493 000	2 983 000	4 090 000	8 922 000
Total Assets	4 493 000	2 983 000	6 743 000	10 900 000
Total Retained Equity	−11 255 000	−11 168 000	−4 752 000	−4 675 000
Total Equity	547 000	−2 866 000	1 034 000	2 957 000
Total Long-Term Debt	3 817 000	3 621 000	3 745 000	0
Total Current Debt	129 000	2 228 000	1 964 000	7 943 000
Total Equity and Debt	4 493 000	2 983 000	6 743 000	10 900 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	99 000	26 000	−171 000	27 596 000
Other Income	183 000	104 000	430 000	104 000
Revenue	282 000	130 000	259 000	27 700 000
Cost of Goods Sold	0	0	12 000	4 508 000
Salary Costs	41 000	42 000	−99 000	12 633 000
Depreciation	0	0	0	268 000
Impairment	0	0	0	0
Expenditure	373 000	4 169 000	6 236 000	33 602 000
Operating Profit	−91 000	−4 039 000	−5 977 000	−5 900 000
Financial Income	5 000	0	9 000	38 000
Financial Costs	1 000	4 000	121 000	129 000
Financial Balance	4 000	−4 000	−112 000	−91 000
Dividends	0	0	0	0
Net Income	−87 000	−6 416 000	−4 752 000	−4 675 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	2 373 000	1 834 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	143 000
Total Tangible Assets	0	0	0	143 000
Total Fiancial Fixed Assets	0	0	280 000	0
Total Fixed Assets	0	0	2 653 000	1 978 000
Stock	0	0	0	278 000
Total Investments	0	0	0	0
Cash, Bank	61 000	79 000	28 000	748 000
Total Current Assets	4 493 000	2 983 000	4 090 000	8 922 000
Total Assets	4 493 000	2 983 000	6 743 000	10 900 000
Total Equity	547 000	−2 866 000	1 034 000	2 957 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 817 000	3 621 000	3 745 000	0
Creditors	76 000	708 000	1 625 000	1 935 000
Unpaid Taxes	1 000	3 000	1 000	829 000
Dividends	0	0	0	0
Other Current Debt	52 000	1 518 000	338 000	3 192 000
Total Current Debt	129 000	2 228 000	1 964 000	7 943 000
Total Equity and Debt	4 493 000	2 983 000	6 743 000	10 900 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−15,9 %	223,87 %	−459,57 %	−158,1 %
Debt-to-Equity Ratio	6,98	−1,26	3,62	0
Operating Profit Margin	−32,27 %	−3 106,92 %	−2 307,72 %	−21,3 %
Current Ratio	34,83	1,34	2,08	1,12
Quick Ratio	34,83	1,34	2,08	1,16
Equity Ratio	0,12	−0,96	0,15	0,27
Gross Profit Margin	100 %	100 %	95,37 %	83,73 %