POLAR LADY AS

8149 NEVERDAL

Finances

Share Ownership

Return on Equity

−17,35 %

Current Ratio

6,95

Debt-to-Equity Ratio

1,45

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	8 000	1 000 000	0
Net Income	−277 000	−256 000	158 000	−943 000
Total Assets	4 574 000	4 986 000	5 648 000	5 873 000
Total Equity	1 597 000	1 874 000	2 130 000	1 972 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	8 000	1 000 000	0
Expenditure	60 000	52 000	494 000	1 083 000
Operating Profit	−60 000	−44 000	506 000	−1 083 000
Financial Income	21 000	2 000	21 000	169 000
Financial Costs	316 000	286 000	325 000	296 000
Financial Balance	−295 000	−284 000	−304 000	−127 000
Earnings Before Tax	−355 000	−328 000	202 000	−1 210 000
Tax	−78 000	−72 000	44 000	−266 000
Net Income	−277 000	−256 000	158 000	−943 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	4 200 000
Total Current Assets	4 574 000	4 986 000	5 648 000	1 673 000
Total Assets	4 574 000	4 986 000	5 648 000	5 873 000
Total Retained Equity	1 197 000	1 474 000	1 730 000	1 572 000
Total Equity	1 597 000	1 874 000	2 130 000	1 972 000
Total Long-Term Debt	2 319 000	2 924 000	3 454 000	3 956 000
Total Current Debt	658 000	188 000	64 000	−55 000
Total Equity and Debt	4 574 000	4 986 000	5 648 000	5 873 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	500 000	0
Other Income	0	8 000	500 000	0
Revenue	0	8 000	1 000 000	0
Cost of Goods Sold	0	0	0	13 000
Salary Costs	0	0	0	0
Depreciation	0	0	300 000	400 000
Impairment	0	0	0	0
Expenditure	60 000	52 000	494 000	1 083 000
Operating Profit	−60 000	−44 000	506 000	−1 083 000
Financial Income	21 000	2 000	21 000	169 000
Financial Costs	316 000	286 000	325 000	296 000
Financial Balance	−295 000	−284 000	−304 000	−127 000
Dividends	0	0	0	0
Net Income	−277 000	−256 000	158 000	−943 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	1 400 000
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	2 800 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	4 200 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	−1 299 000	−986 000	−991 000	−999 000
Total Current Assets	4 574 000	4 986 000	5 648 000	1 673 000
Total Assets	4 574 000	4 986 000	5 648 000	5 873 000
Total Equity	1 597 000	1 874 000	2 130 000	1 972 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 319 000	2 924 000	3 454 000	3 956 000
Creditors	24 000	0	−73 000	199 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	634 000	188 000	137 000	−253 000
Total Current Debt	658 000	188 000	64 000	−55 000
Total Equity and Debt	4 574 000	4 986 000	5 648 000	5 873 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−17,35 %	−13,66 %	7,42 %	−47,82 %
Debt-to-Equity Ratio	1,45	1,56	1,62	2,01
Operating Profit Margin	-	−550 %	50,6 %	-
Current Ratio	6,95	26,52	88,25	−30,42
Quick Ratio	6,95	26,52	88,25	−30,42
Equity Ratio	0,35	0,38	0,38	0,34
Gross Profit Margin	-	100 %	100 %	-