POLARFOX AS

9006 TROMSØ

Finances

Share Ownership

Return on Equity

−640,91 %

Current Ratio

1,18

Debt-to-Equity Ratio

−2,95

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 356 000	2 263 000	1 034 000	1 847 000
Net Income	141 000	160 000	8 000	324 000
Total Assets	199 000	512 000	303 000	444 000
Total Equity	−22 000	−164 000	−324 000	−332 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 356 000	2 263 000	1 034 000	1 847 000
Expenditure	1 216 000	2 101 000	1 026 000	1 497 000
Operating Profit	141 000	162 000	8 000	350 000
Financial Income	1 000	1 000	0	0
Financial Costs	0	2 000	0	26 000
Financial Balance	1 000	−1 000	0	−26 000
Earnings Before Tax	141 000	160 000	8 000	324 000
Tax	0	0	0	0
Net Income	141 000	160 000	8 000	324 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 000	29 000	45 000	61 000
Total Current Assets	186 000	484 000	258 000	383 000
Total Assets	199 000	512 000	303 000	444 000
Total Retained Equity	−52 000	−194 000	−354 000	−362 000
Total Equity	−22 000	−164 000	−324 000	−332 000
Total Long-Term Debt	65 000	98 000	134 000	170 000
Total Current Debt	157 000	578 000	493 000	606 000
Total Equity and Debt	199 000	512 000	303 000	444 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	438 000	1 295 000	178 000	579 000
Other Income	919 000	969 000	856 000	1 269 000
Revenue	1 356 000	2 263 000	1 034 000	1 847 000
Cost of Goods Sold	650 000	1 604 000	593 000	907 000
Salary Costs	342 000	453 000	317 000	384 000
Depreciation	16 000	16 000	16 000	19 000
Impairment	0	0	0	0
Expenditure	1 216 000	2 101 000	1 026 000	1 497 000
Operating Profit	141 000	162 000	8 000	350 000
Financial Income	1 000	1 000	0	0
Financial Costs	0	2 000	0	26 000
Financial Balance	1 000	−1 000	0	−26 000
Dividends	0	0	0	0
Net Income	141 000	160 000	8 000	324 000

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	13 000	29 000	45 000	61 000
Total Tangible Assets	13 000	29 000	45 000	61 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	13 000	29 000	45 000	61 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	182 000	394 000	195 000	206 000
Total Current Assets	186 000	484 000	258 000	383 000
Total Assets	199 000	512 000	303 000	444 000
Total Equity	−22 000	−164 000	−324 000	−332 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	65 000	98 000	134 000	170 000
Creditors	198 000	198 000	249 000	370 000
Unpaid Taxes	40 000	37 000	20 000	39 000
Dividends	0	0	0	0
Other Current Debt	−81 000	343 000	224 000	197 000
Total Current Debt	157 000	578 000	493 000	606 000
Total Equity and Debt	199 000	512 000	303 000	444 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−640,91 %	−97,56 %	−2,47 %	−97,59 %
Debt-to-Equity Ratio	−2,95	−0,6	−0,41	−0,51
Operating Profit Margin	10,4 %	7,16 %	0,77 %	18,95 %
Current Ratio	1,18	0,84	0,52	0,63
Quick Ratio	1,18	0,84	0,52	0,63
Equity Ratio	−0,11	−0,32	−1,07	−0,75
Gross Profit Margin	52,06 %	29,12 %	42,65 %	50,89 %