POLAR ALGAE AS

9610 RYPEFJORD

Finances

Share Ownership

Return on Equity

−21,04 %

Current Ratio

6,72

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 720 000	935 000	733 000	814 000
Net Income	−2 626 000	−776 000	−1 232 000	−386 000
Total Assets	13 397 000	2 945 000	4 265 000	547 000
Total Equity	12 481 000	3 107 000	3 883 000	115 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 720 000	935 000	733 000	814 000
Expenditure	4 341 000	1 713 000	1 961 000	1 194 000
Operating Profit	−2 621 000	−778 000	−1 229 000	−381 000
Financial Income	7 000	3 000	1 000	0
Financial Costs	12 000	2 000	4 000	5 000
Financial Balance	−5 000	1 000	−3 000	−5 000
Earnings Before Tax	−2 626 000	−776 000	−1 232 000	−386 000
Tax	0	0	0	0
Net Income	−2 626 000	−776 000	−1 232 000	−386 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 240 000	759 000	463 000	23 000
Total Current Assets	6 157 000	2 186 000	3 802 000	525 000
Total Assets	13 397 000	2 945 000	4 265 000	547 000
Total Retained Equity	−5 886 000	−3 259 000	−2 483 000	−1 251 000
Total Equity	12 481 000	3 107 000	3 883 000	115 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	916 000	−162 000	381 000	432 000
Total Equity and Debt	13 397 000	2 945 000	4 265 000	547 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 000	68 000	0	346 000
Other Income	1 700 000	867 000	733 000	468 000
Revenue	1 720 000	935 000	733 000	814 000
Cost of Goods Sold	0	5 000	12 000	0
Salary Costs	2 111 000	925 000	851 000	189 000
Depreciation	77 000	125 000	51 000	7 000
Impairment	50 000	0	0	0
Expenditure	4 341 000	1 713 000	1 961 000	1 194 000
Operating Profit	−2 621 000	−778 000	−1 229 000	−381 000
Financial Income	7 000	3 000	1 000	0
Financial Costs	12 000	2 000	4 000	5 000
Financial Balance	−5 000	1 000	−3 000	−5 000
Dividends	0	0	0	0
Net Income	−2 626 000	−776 000	−1 232 000	−386 000

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	6 469 000	25 000	33 000	0
Fixtures	47 000	58 000	381 000	23 000
Total Tangible Assets	7 240 000	759 000	463 000	23 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 240 000	759 000	463 000	23 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 258 000	2 114 000	3 353 000	189 000
Total Current Assets	6 157 000	2 186 000	3 802 000	525 000
Total Assets	13 397 000	2 945 000	4 265 000	547 000
Total Equity	12 481 000	3 107 000	3 883 000	115 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	517 000	284 000	231 000	355 000
Unpaid Taxes	119 000	−538 000	49 000	59 000
Dividends	0	0	0	0
Other Current Debt	280 000	92 000	102 000	19 000
Total Current Debt	916 000	−162 000	381 000	432 000
Total Equity and Debt	13 397 000	2 945 000	4 265 000	547 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−21,04 %	−24,98 %	−31,73 %	−335,65 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−152,38 %	−83,21 %	−167,67 %	−46,81 %
Current Ratio	6,72	−13,49	9,98	1,22
Quick Ratio	6,72	−13,49	9,98	1,22
Equity Ratio	0,93	1,06	0,91	0,21
Gross Profit Margin	100 %	99,47 %	98,36 %	100 %