POLARFISHING AS

9692 MÅSØY

Finances

Share Ownership

Return on Equity

53,4 %

Current Ratio

1,83

Debt-to-Equity Ratio

0,72

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 199 000	564 000	448 000	485 000
Net Income	283 000	45 000	−30 000	4 000
Total Assets	1 162 000	760 000	764 000	943 000
Total Equity	530 000	248 000	203 000	233 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 199 000	564 000	448 000	485 000
Expenditure	818 000	496 000	473 000	459 000
Operating Profit	381 000	69 000	−25 000	26 000
Financial Income	0	0	2 000	0
Financial Costs	18 000	11 000	16 000	20 000
Financial Balance	−18 000	−11 000	−14 000	−20 000
Earnings Before Tax	362 000	57 000	−39 000	6 000
Tax	80 000	13 000	−9 000	1 000
Net Income	283 000	45 000	−30 000	4 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	708 000	589 000	667 000	746 000
Total Current Assets	454 000	171 000	96 000	197 000
Total Assets	1 162 000	760 000	764 000	943 000
Total Retained Equity	490 000	208 000	163 000	193 000
Total Equity	530 000	248 000	203 000	233 000
Total Long-Term Debt	384 000	359 000	497 000	657 000
Total Current Debt	248 000	153 000	64 000	53 000
Total Equity and Debt	1 162 000	760 000	764 000	943 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 199 000	564 000	448 000	485 000
Other Income	0	0	0	0
Revenue	1 199 000	564 000	448 000	485 000
Cost of Goods Sold	0	0	0	0
Salary Costs	449 000	262 000	232 000	156 000
Depreciation	106 000	79 000	79 000	64 000
Impairment	0	0	0	0
Expenditure	818 000	496 000	473 000	459 000
Operating Profit	381 000	69 000	−25 000	26 000
Financial Income	0	0	2 000	0
Financial Costs	18 000	11 000	16 000	20 000
Financial Balance	−18 000	−11 000	−14 000	−20 000
Dividends	0	0	0	0
Net Income	283 000	45 000	−30 000	4 000

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	708 000	589 000	667 000	746 000
Fixtures	0	0	0	0
Total Tangible Assets	708 000	589 000	667 000	746 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	708 000	589 000	667 000	746 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	226 000	141 000	74 000	59 000
Total Current Assets	454 000	171 000	96 000	197 000
Total Assets	1 162 000	760 000	764 000	943 000
Total Equity	530 000	248 000	203 000	233 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	384 000	359 000	497 000	657 000
Creditors	2 000	27 000	7 000	4 000
Unpaid Taxes	138 000	57 000	33 000	35 000
Dividends	0	0	0	0
Other Current Debt	45 000	69 000	23 000	14 000
Total Current Debt	248 000	153 000	64 000	53 000
Total Equity and Debt	1 162 000	760 000	764 000	943 000

Financial indicators	2022	2021	2020	2019
Return on Equity	53,4 %	18,15 %	−14,78 %	1,72 %
Debt-to-Equity Ratio	0,72	1,45	2,45	2,82
Operating Profit Margin	31,78 %	12,23 %	−5,58 %	5,36 %
Current Ratio	1,83	1,12	1,5	3,72
Quick Ratio	1,83	1,12	1,5	3,72
Equity Ratio	0,46	0,33	0,27	0,25
Gross Profit Margin	100 %	100 %	100 %	100 %