POLARCIRKELEN EIENDOM AS

8012 BODØ

Finances

Share Ownership

Return on Equity

178,11 %

Current Ratio

5,88

Debt-to-Equity Ratio

−7,6

Key figures (NOK)	2022	2021	2020	2019
Revenue	412 000	198 000	262 000	543 000
Net Income	−716 000	−665 000	−179 000	−332 000
Total Assets	2 708 000	3 408 000	2 866 000	3 122 000
Total Equity	−402 000	66 000	108 000	177 000

Income (NOK)	2022	2021	2020	2019
Revenue	412 000	198 000	262 000	543 000
Expenditure	1 128 000	944 000	405 000	932 000
Operating Profit	−716 000	−746 000	−143 000	−389 000
Financial Income	0	0	0	0
Financial Costs	202 000	107 000	88 000	75 000
Financial Balance	−202 000	−107 000	−88 000	−75 000
Earnings Before Tax	−918 000	−853 000	−231 000	−464 000
Tax	−202 000	−188 000	−52 000	−132 000
Net Income	−716 000	−665 000	−179 000	−332 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 379 000	2 330 000	2 406 000	2 482 000
Total Current Assets	329 000	1 078 000	460 000	640 000
Total Assets	2 708 000	3 408 000	2 866 000	3 122 000
Total Retained Equity	−690 000	−222 000	−179 000	0
Total Equity	−402 000	66 000	108 000	177 000
Total Long-Term Debt	3 054 000	3 276 000	2 721 000	2 851 000
Total Current Debt	56 000	66 000	37 000	94 000
Total Equity and Debt	2 708 000	3 408 000	2 866 000	3 122 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	412 000	198 000	262 000	543 000
Other Income	0	0	0	0
Revenue	412 000	198 000	262 000	543 000
Cost of Goods Sold	116 000	157 000	143 000	177 000
Salary Costs	0	0	0	0
Depreciation	76 000	76 000	76 000	76 000
Impairment	0	0	0	0
Expenditure	1 128 000	944 000	405 000	932 000
Operating Profit	−716 000	−746 000	−143 000	−389 000
Financial Income	0	0	0	0
Financial Costs	202 000	107 000	88 000	75 000
Financial Balance	−202 000	−107 000	−88 000	−75 000
Dividends	0	0	0	0
Net Income	−716 000	−665 000	−179 000	−332 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	125 000	0	0	0
Real Eastate	2 253 000	2 330 000	2 406 000	2 482 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	2 253 000	2 330 000	2 406 000	2 482 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 379 000	2 330 000	2 406 000	2 482 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 000	45 000	113 000	0
Total Current Assets	329 000	1 078 000	460 000	640 000
Total Assets	2 708 000	3 408 000	2 866 000	3 122 000
Total Equity	−402 000	66 000	108 000	177 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 054 000	3 276 000	2 721 000	2 851 000
Creditors	52 000	57 000	34 000	94 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	4 000	4 000	4 000	0
Total Current Debt	56 000	66 000	37 000	94 000
Total Equity and Debt	2 708 000	3 408 000	2 866 000	3 122 000

Financial indicators	2022	2021	2020	2019
Return on Equity	178,11 %	−1 007,58 %	−165,74 %	−187,57 %
Debt-to-Equity Ratio	−7,6	49,64	25,19	16,11
Operating Profit Margin	−173,79 %	−376,77 %	−54,58 %	−71,64 %
Current Ratio	5,88	16,33	12,43	6,81
Quick Ratio	5,88	16,33	12,43	6,81
Equity Ratio	−0,15	0,02	0,04	0,06
Gross Profit Margin	71,84 %	20,71 %	45,42 %	67,4 %