POLAR ØST AS

0580 OSLO

Finances

Share Ownership

Return on Equity

90,8 %

Current Ratio

1,68

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 960 000	2 883 000	2 466 000	2 694 000
Net Income	296 000	368 000	221 000	5 000
Total Assets	760 000	863 000	855 000	514 000
Total Equity	326 000	30 000	48 000	27 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 960 000	2 883 000	2 466 000	2 694 000
Expenditure	2 581 000	2 407 000	997 000	1 386 000
Operating Profit	377 000	475 000	291 000	26 000
Financial Income	0	0	8 000	1 000
Financial Costs	−2 000	4 000	15 000	21 000
Financial Balance	2 000	−4 000	−7 000	−20 000
Earnings Before Tax	380 000	471 000	284 000	5 000
Tax	84 000	104 000	62 000	0
Net Income	296 000	368 000	221 000	5 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	30 000	90 000	149 000	208 000
Total Current Assets	730 000	773 000	706 000	306 000
Total Assets	760 000	863 000	855 000	514 000
Total Retained Equity	296 000	0	18 000	−3 000
Total Equity	326 000	30 000	48 000	27 000
Total Long-Term Debt	0	18 000	105 000	192 000
Total Current Debt	434 000	814 000	702 000	296 000
Total Equity and Debt	760 000	863 000	855 000	514 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 960 000	2 883 000	2 466 000	2 694 000
Other Income	0	0	0	0
Revenue	2 960 000	2 883 000	2 466 000	2 694 000
Cost of Goods Sold	1 244 000	1 168 000	0	0
Salary Costs	1 006 000	933 000	724 000	1 015 000
Depreciation	59 000	59 000	59 000	59 000
Impairment	0	0	0	0
Expenditure	2 581 000	2 407 000	997 000	1 386 000
Operating Profit	377 000	475 000	291 000	26 000
Financial Income	0	0	8 000	1 000
Financial Costs	−2 000	4 000	15 000	21 000
Financial Balance	2 000	−4 000	−7 000	−20 000
Dividends	0	386 000	200 000	0
Net Income	296 000	368 000	221 000	5 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	30 000	90 000	149 000	208 000
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	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	30 000	90 000	149 000	208 000
Stock	75 000	48 000	85 000	58 000
Total Investments	0	0	0	0
Cash, Bank	468 000	581 000	398 000	119 000
Total Current Assets	730 000	773 000	706 000	306 000
Total Assets	760 000	863 000	855 000	514 000
Total Equity	326 000	30 000	48 000	27 000
Short-Term Group Debt	0	0	200 000	0
Total Long-Term Debt	0	18 000	105 000	192 000
Creditors	80 000	68 000	75 000	12 000
Unpaid Taxes	147 000	134 000	264 000	138 000
Dividends	0	386 000	200 000	0
Other Current Debt	124 000	122 000	101 000	146 000
Total Current Debt	434 000	814 000	702 000	296 000
Total Equity and Debt	760 000	863 000	855 000	514 000

Financial indicators	2022	2021	2020	2019
Return on Equity	90,8 %	1 226,67 %	460,42 %	18,52 %
Debt-to-Equity Ratio	0	0,6	2,19	7,11
Operating Profit Margin	12,74 %	16,48 %	11,8 %	0,97 %
Current Ratio	1,68	0,95	1,01	1,03
Quick Ratio	2,03	1,01	1,14	1,29
Equity Ratio	0,43	0,03	0,06	0,05
Gross Profit Margin	57,97 %	59,49 %	100 %	100 %