POLAR EXPLORER AS

5058 BERGEN

Finances

Share Ownership

Return on Equity

1 284,79 %

Current Ratio

0,01

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 850 000	92 000	129 759 000	138 053 000
Net Income	−27 880 000	−14 336 000	7 885 000	−6 692 000
Total Assets	18 000	4 233 000	18 271 000	48 791 000
Total Equity	−2 170 000	−298 202 000	−283 866 000	−291 751 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 850 000	92 000	129 759 000	138 053 000
Expenditure	2 694 000	7 047 000	124 778 000	136 360 000
Operating Profit	4 156 000	−6 955 000	4 980 000	1 693 000
Financial Income	−11 819 000	−10 000	178 000	527 000
Financial Costs	20 217 000	7 534 000	−2 891 000	8 912 000
Financial Balance	−32 036 000	−7 544 000	3 069 000	−8 385 000
Earnings Before Tax	−27 880 000	−14 499 000	8 048 000	−6 692 000
Tax	0	−163 000	163 000	0
Net Income	−27 880 000	−14 336 000	7 885 000	−6 692 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	1 713 000	8 565 000	15 418 000
Total Current Assets	18 000	2 519 000	9 705 000	33 373 000
Total Assets	18 000	4 233 000	18 271 000	48 791 000
Total Retained Equity	−38 094 000	−334 126 000	−319 790 000	−327 675 000
Total Equity	−2 170 000	−298 202 000	−283 866 000	−291 751 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 188 000	302 435 000	302 137 000	340 542 000
Total Equity and Debt	18 000	4 233 000	18 271 000	48 791 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	117 929 000	126 955 000
Other Income	6 850 000	92 000	11 830 000	11 098 000
Revenue	6 850 000	92 000	129 759 000	138 053 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	−42 000	43 908 000	43 280 000
Depreciation	571 000	6 852 000	6 852 000	6 852 000
Impairment	0	0	0	0
Expenditure	2 694 000	7 047 000	124 778 000	136 360 000
Operating Profit	4 156 000	−6 955 000	4 980 000	1 693 000
Financial Income	−11 819 000	−10 000	178 000	527 000
Financial Costs	20 217 000	7 534 000	−2 891 000	8 912 000
Financial Balance	−32 036 000	−7 544 000	3 069 000	−8 385 000
Dividends	0	0	0	0
Net Income	−27 880 000	−14 336 000	7 885 000	−6 692 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	1 713 000	8 565 000	15 418 000
Total Tangible Assets	0	1 713 000	8 565 000	15 418 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	1 713 000	8 565 000	15 418 000
Stock	0	0	0	1 567 000
Total Investments	0	0	0	0
Cash, Bank	0	0	635 000	168 000
Total Current Assets	18 000	2 519 000	9 705 000	33 373 000
Total Assets	18 000	4 233 000	18 271 000	48 791 000
Total Equity	−2 170 000	−298 202 000	−283 866 000	−291 751 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	55 000	774 000	6 676 000	4 685 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	2 133 000	301 661 000	295 298 000	335 857 000
Total Current Debt	2 188 000	302 435 000	302 137 000	340 542 000
Total Equity and Debt	18 000	4 233 000	18 271 000	48 791 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1 284,79 %	4,81 %	−2,78 %	2,29 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	60,67 %	−7 559,78 %	3,84 %	1,23 %
Current Ratio	0,01	0,01	0,03	0,1
Quick Ratio	0,01	0,01	0,03	0,1
Equity Ratio	−120,56	−70,45	−15,54	−5,98
Gross Profit Margin	100 %	100 %	100 %	100 %