POLAR INVEST NORWAY AS

2665 LESJA

Finances

Share Ownership

Return on Equity

−65,63 %

Current Ratio

0,33

Debt-to-Equity Ratio

2,46

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 009 000	3 072 000	3 593 000	4 410 000
Net Income	−1 138 000	166 000	685 000	107 000
Total Assets	7 624 000	7 802 000	8 629 000	7 852 000
Total Equity	1 734 000	2 872 000	2 707 000	2 022 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 009 000	3 072 000	3 593 000	4 410 000
Expenditure	1 486 000	2 670 000	2 494 000	4 191 000
Operating Profit	−478 000	402 000	1 099 000	220 000
Financial Income	1 000	0	1 000	0
Financial Costs	818 000	190 000	218 000	79 000
Financial Balance	−817 000	−190 000	−217 000	−79 000
Earnings Before Tax	−1 295 000	212 000	882 000	142 000
Tax	−157 000	47 000	197 000	35 000
Net Income	−1 138 000	166 000	685 000	107 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 087 000	7 573 000	7 651 000	7 272 000
Total Current Assets	536 000	229 000	978 000	581 000
Total Assets	7 624 000	7 802 000	8 629 000	7 852 000
Total Retained Equity	−307 000	831 000	665 000	−11 000
Total Equity	1 734 000	2 872 000	2 707 000	2 022 000
Total Long-Term Debt	4 273 000	4 547 000	4 803 000	5 250 000
Total Current Debt	1 616 000	383 000	1 120 000	581 000
Total Equity and Debt	7 624 000	7 802 000	8 629 000	7 852 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	927 000	2 887 000	2 572 000	4 138 000
Other Income	82 000	185 000	1 021 000	272 000
Revenue	1 009 000	3 072 000	3 593 000	4 410 000
Cost of Goods Sold	141 000	598 000	478 000	897 000
Salary Costs	40 000	902 000	898 000	1 786 000
Depreciation	150 000	135 000	127 000	10 000
Impairment	0	0	0	0
Expenditure	1 486 000	2 670 000	2 494 000	4 191 000
Operating Profit	−478 000	402 000	1 099 000	220 000
Financial Income	1 000	0	1 000	0
Financial Costs	818 000	190 000	218 000	79 000
Financial Balance	−817 000	−190 000	−217 000	−79 000
Dividends	0	0	0	0
Net Income	−1 138 000	166 000	685 000	107 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	135 000	0	0	32 000
Real Eastate	6 830 000	6 945 000	7 061 000	7 176 000
Machinery and Plant Facilities	2 000	6 000	11 000	15 000
Fixtures	120 000	46 000	61 000	18 000
Total Tangible Assets	6 952 000	6 997 000	7 133 000	7 209 000
Total Fiancial Fixed Assets	0	576 000	518 000	30 000
Total Fixed Assets	7 087 000	7 573 000	7 651 000	7 272 000
Stock	307 000	0	55 000	5 000
Total Investments	0	0	0	0
Cash, Bank	146 000	103 000	120 000	187 000
Total Current Assets	536 000	229 000	978 000	581 000
Total Assets	7 624 000	7 802 000	8 629 000	7 852 000
Total Equity	1 734 000	2 872 000	2 707 000	2 022 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 273 000	4 547 000	4 803 000	5 250 000
Creditors	290 000	34 000	245 000	203 000
Unpaid Taxes	75 000	36 000	51 000	80 000
Dividends	0	0	0	0
Other Current Debt	1 251 000	279 000	825 000	298 000
Total Current Debt	1 616 000	383 000	1 120 000	581 000
Total Equity and Debt	7 624 000	7 802 000	8 629 000	7 852 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−65,63 %	5,78 %	25,3 %	5,29 %
Debt-to-Equity Ratio	2,46	1,58	1,77	2,6
Operating Profit Margin	−47,37 %	13,09 %	30,59 %	4,99 %
Current Ratio	0,33	0,6	0,87	1
Quick Ratio	0,41	0,6	0,92	1,01
Equity Ratio	0,23	0,37	0,31	0,26
Gross Profit Margin	86,03 %	80,53 %	86,7 %	79,66 %