POLAR CENTER AS

9170 LONGYEARBYEN

Finances

Share Ownership

Return on Equity

9,13 %

Current Ratio

Debt-to-Equity Ratio

−2,9

Key figures (NOK)	2022	2021	2020	2019
Revenue	87 000	91 000	85 000	66 000
Net Income	−64 000	−493 000	−112 000	−65 000
Total Assets	1 337 000	1 702 000	1 684 000	1 730 000
Total Equity	−701 000	−637 000	−144 000	−32 000

Income (NOK)	2022	2021	2020	2019
Revenue	87 000	91 000	85 000	66 000
Expenditure	75 000	620 000	158 000	72 000
Operating Profit	12 000	−528 000	−73 000	−7 000
Financial Income	0	0	0	1 000
Financial Costs	92 000	59 000	60 000	71 000
Financial Balance	−92 000	−59 000	−60 000	−70 000
Earnings Before Tax	−79 000	−587 000	−133 000	−77 000
Tax	−15 000	−94 000	−21 000	−12 000
Net Income	−64 000	−493 000	−112 000	−65 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 298 000	1 212 000	893 000	918 000
Total Current Assets	39 000	490 000	791 000	812 000
Total Assets	1 337 000	1 702 000	1 684 000	1 730 000
Total Retained Equity	−731 000	−667 000	−174 000	−62 000
Total Equity	−701 000	−637 000	−144 000	−32 000
Total Long-Term Debt	2 035 000	1 750 000	1 785 000	1 746 000
Total Current Debt	3 000	589 000	43 000	16 000
Total Equity and Debt	1 337 000	1 702 000	1 684 000	1 730 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	87 000	91 000	85 000	66 000
Revenue	87 000	91 000	85 000	66 000
Cost of Goods Sold	0	7 000	2 000	2 000
Salary Costs	0	0	0	0
Depreciation	25 000	25 000	25 000	25 000
Impairment	0	0	0	0
Expenditure	75 000	620 000	158 000	72 000
Operating Profit	12 000	−528 000	−73 000	−7 000
Financial Income	0	0	0	1 000
Financial Costs	92 000	59 000	60 000	71 000
Financial Balance	−92 000	−59 000	−60 000	−70 000
Dividends	0	0	0	0
Net Income	−64 000	−493 000	−112 000	−65 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 000	0	0	0
Real Eastate	1 290 000	1 212 000	893 000	918 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 290 000	1 212 000	893 000	918 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 298 000	1 212 000	893 000	918 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	38 000	489 000	790 000	811 000
Total Current Assets	39 000	490 000	791 000	812 000
Total Assets	1 337 000	1 702 000	1 684 000	1 730 000
Total Equity	−701 000	−637 000	−144 000	−32 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 035 000	1 750 000	1 785 000	1 746 000
Creditors	3 000	589 000	43 000	16 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	3 000	589 000	43 000	16 000
Total Equity and Debt	1 337 000	1 702 000	1 684 000	1 730 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,13 %	77,39 %	77,78 %	203,13 %
Debt-to-Equity Ratio	−2,9	−2,75	−12,4	−54,56
Operating Profit Margin	13,79 %	−580,22 %	−85,88 %	−10,61 %
Current Ratio	13	0,83	18,4	50,75
Quick Ratio	13	0,83	18,4	50,75
Equity Ratio	−0,52	−0,37	−0,09	−0,02
Gross Profit Margin	100 %	92,31 %	97,65 %	96,97 %