POROLON AS

6020 ÅLESUND

Finances

Return on Equity

−9,88 %

Current Ratio

11,04

Debt-to-Equity Ratio

−1,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 040 000	800 000	133 000	548 000
Net Income	1 721 000	717 000	−225 000	−523 000
Total Assets	1 589 000	296 000	692 000	976 000
Total Equity	−17 427 000	−19 148 000	−19 866 000	−19 641 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 040 000	800 000	133 000	548 000
Expenditure	345 000	106 000	355 000	1 032 000
Operating Profit	1 696 000	694 000	−222 000	−484 000
Financial Income	0	25 000	0	0
Financial Costs	−25 000	2 000	3 000	39 000
Financial Balance	25 000	23 000	−3 000	−39 000
Earnings Before Tax	1 721 000	717 000	−225 000	−523 000
Tax	0	0	0	0
Net Income	1 721 000	717 000	−225 000	−523 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	165 000	165 000	165 000	165 000
Total Current Assets	1 424 000	131 000	527 000	811 000
Total Assets	1 589 000	296 000	692 000	976 000
Total Retained Equity	−26 634 000	−28 355 000	−29 072 000	−28 847 000
Total Equity	−17 427 000	−19 148 000	−19 866 000	−19 641 000
Total Long-Term Debt	18 888 000	19 317 000	19 758 000	19 758 000
Total Current Debt	129 000	128 000	800 000	859 000
Total Equity and Debt	1 589 000	296 000	692 000	976 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	111 000	53 000	130 000	528 000
Other Income	1 930 000	746 000	3 000	19 000
Revenue	2 040 000	800 000	133 000	548 000
Cost of Goods Sold	70 000	12 000	135 000	89 000
Salary Costs	8 000	0	0	0
Depreciation	0	0	0	5 000
Impairment	0	0	0	0
Expenditure	345 000	106 000	355 000	1 032 000
Operating Profit	1 696 000	694 000	−222 000	−484 000
Financial Income	0	25 000	0	0
Financial Costs	−25 000	2 000	3 000	39 000
Financial Balance	25 000	23 000	−3 000	−39 000
Dividends	0	0	0	0
Net Income	1 721 000	717 000	−225 000	−523 000

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	15 000	15 000	15 000	15 000
Total Tangible Assets	15 000	15 000	15 000	15 000
Total Fiancial Fixed Assets	150 000	150 000	150 000	150 000
Total Fixed Assets	165 000	165 000	165 000	165 000
Stock	20 000	90 000	100 000	209 000
Total Investments	0	0	0	0
Cash, Bank	179 000	70 000	30 000	63 000
Total Current Assets	1 424 000	131 000	527 000	811 000
Total Assets	1 589 000	296 000	692 000	976 000
Total Equity	−17 427 000	−19 148 000	−19 866 000	−19 641 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	18 888 000	19 317 000	19 758 000	19 758 000
Creditors	29 000	18 000	90 000	99 000
Unpaid Taxes	0	0	3 000	0
Dividends	0	0	0	0
Other Current Debt	100 000	110 000	707 000	760 000
Total Current Debt	129 000	128 000	800 000	859 000
Total Equity and Debt	1 589 000	296 000	692 000	976 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,88 %	−3,74 %	1,13 %	2,66 %
Debt-to-Equity Ratio	−1,08	−1,01	−0,99	−1,01
Operating Profit Margin	83,14 %	86,75 %	−166,92 %	−88,32 %
Current Ratio	11,04	1,02	0,66	0,94
Quick Ratio	13,06	3,45	0,75	1,25
Equity Ratio	−10,97	−64,69	−28,71	−20,12
Gross Profit Margin	96,57 %	98,5 %	−1,5 %	83,76 %