POLARBULK AS

2750 GRAN

Finances

Share Ownership

Return on Equity

35,05 %

Current Ratio

1,47

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 640 000	6 291 000	8 302 000	3 652 000
Net Income	490 000	78 000	85 000	75 000
Total Assets	4 356 000	2 427 000	2 587 000	920 000
Total Equity	1 398 000	908 000	830 000	745 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 640 000	6 291 000	8 302 000	3 652 000
Expenditure	9 957 000	6 164 000	8 129 000	3 535 000
Operating Profit	682 000	127 000	173 000	117 000
Financial Income	90 000	42 000	59 000	11 000
Financial Costs	144 000	70 000	123 000	31 000
Financial Balance	−54 000	−28 000	−64 000	−20 000
Earnings Before Tax	628 000	100 000	109 000	97 000
Tax	138 000	22 000	24 000	21 000
Net Income	490 000	78 000	85 000	75 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	4 356 000	2 427 000	2 587 000	920 000
Total Assets	4 356 000	2 427 000	2 587 000	920 000
Total Retained Equity	1 374 000	884 000	806 000	721 000
Total Equity	1 398 000	908 000	830 000	745 000
Total Long-Term Debt	0	1 000	1 000	0
Total Current Debt	2 958 000	1 519 000	1 756 000	175 000
Total Equity and Debt	4 356 000	2 427 000	2 587 000	920 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 640 000	6 291 000	8 302 000	3 652 000
Other Income	0	0	0	0
Revenue	10 640 000	6 291 000	8 302 000	3 652 000
Cost of Goods Sold	7 976 000	5 001 000	5 183 000	2 414 000
Salary Costs	10 000	5 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	9 957 000	6 164 000	8 129 000	3 535 000
Operating Profit	682 000	127 000	173 000	117 000
Financial Income	90 000	42 000	59 000	11 000
Financial Costs	144 000	70 000	123 000	31 000
Financial Balance	−54 000	−28 000	−64 000	−20 000
Dividends	0	0	0	0
Net Income	490 000	78 000	85 000	75 000

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	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	1 431 000	1 419 000	1 185 000	685 000
Total Investments	0	0	0	0
Cash, Bank	1 349 000	416 000	605 000	86 000
Total Current Assets	4 356 000	2 427 000	2 587 000	920 000
Total Assets	4 356 000	2 427 000	2 587 000	920 000
Total Equity	1 398 000	908 000	830 000	745 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 000	1 000	0
Creditors	2 658 000	1 486 000	1 732 000	133 000
Unpaid Taxes	161 000	11 000	0	20 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	2 958 000	1 519 000	1 756 000	175 000
Total Equity and Debt	4 356 000	2 427 000	2 587 000	920 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,05 %	8,59 %	10,24 %	10,07 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,41 %	2,02 %	2,08 %	3,2 %
Current Ratio	1,47	1,6	1,47	5,26
Quick Ratio	2,85	24,27	4,53	−1,8
Equity Ratio	0,32	0,37	0,32	0,81
Gross Profit Margin	25,04 %	20,51 %	37,57 %	33,9 %