POLAR EIENDOMSUTVIKLING AS

0668 OSLO

Finances

Share Ownership

Return on Equity

39,17 %

Current Ratio

1,47

Debt-to-Equity Ratio

1,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 821 000	1 048 000	686 000	645 000
Net Income	2 245 000	−647 000	−220 000	113 000
Total Assets	14 746 000	25 559 000	19 647 000	6 743 000
Total Equity	5 731 000	4 244 000	4 891 000	611 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 821 000	1 048 000	686 000	645 000
Expenditure	1 162 000	1 069 000	679 000	223 000
Operating Profit	3 658 000	−21 000	8 000	422 000
Financial Income	32 000	4 000	0	0
Financial Costs	812 000	812 000	290 000	277 000
Financial Balance	−780 000	−808 000	−290 000	−277 000
Earnings Before Tax	2 878 000	−829 000	−282 000	145 000
Tax	633 000	−182 000	−62 000	32 000
Net Income	2 245 000	−647 000	−220 000	113 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 278 000	25 291 000	15 785 000	6 634 000
Total Current Assets	2 469 000	268 000	3 862 000	110 000
Total Assets	14 746 000	25 559 000	19 647 000	6 743 000
Total Retained Equity	1 145 000	−342 000	304 000	525 000
Total Equity	5 731 000	4 244 000	4 891 000	611 000
Total Long-Term Debt	7 338 000	20 200 000	14 465 000	6 107 000
Total Current Debt	1 677 000	1 115 000	292 000	25 000
Total Equity and Debt	14 746 000	25 559 000	19 647 000	6 743 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 091 000	983 000	0	0
Other Income	3 730 000	65 000	686 000	645 000
Revenue	4 821 000	1 048 000	686 000	645 000
Cost of Goods Sold	44 000	50 000	85 000	0
Salary Costs	0	0	0	0
Depreciation	0	0	48 000	45 000
Impairment	0	0	0	0
Expenditure	1 162 000	1 069 000	679 000	223 000
Operating Profit	3 658 000	−21 000	8 000	422 000
Financial Income	32 000	4 000	0	0
Financial Costs	812 000	812 000	290 000	277 000
Financial Balance	−780 000	−808 000	−290 000	−277 000
Dividends	0	0	0	0
Net Income	2 245 000	−647 000	−220 000	113 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	118 000	0	0
Real Eastate	12 277 000	25 172 000	15 785 000	6 634 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	12 277 000	25 172 000	15 785 000	6 634 000
Total Fiancial Fixed Assets	1 000	1 000	0	0
Total Fixed Assets	12 278 000	25 291 000	15 785 000	6 634 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 259 000	268 000	3 862 000	9 000
Total Current Assets	2 469 000	268 000	3 862 000	110 000
Total Assets	14 746 000	25 559 000	19 647 000	6 743 000
Total Equity	5 731 000	4 244 000	4 891 000	611 000
Short-Term Group Debt	972 000	0	0	0
Total Long-Term Debt	7 338 000	20 200 000	14 465 000	6 107 000
Creditors	286 000	229 000	290 000	7 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	419 000	885 000	1 000	18 000
Total Current Debt	1 677 000	1 115 000	292 000	25 000
Total Equity and Debt	14 746 000	25 559 000	19 647 000	6 743 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,17 %	−15,25 %	−4,5 %	18,49 %
Debt-to-Equity Ratio	1,28	4,76	2,96	10
Operating Profit Margin	75,88 %	−2 %	1,17 %	65,43 %
Current Ratio	1,47	0,24	13,23	4,4
Quick Ratio	1,47	0,24	13,23	4,4
Equity Ratio	0,39	0,17	0,25	0,09
Gross Profit Margin	99,09 %	95,23 %	87,61 %	100 %