POLARMAT AS

8750 TONNES

Finances

Return on Equity

157,18 %

Current Ratio

0,84

Debt-to-Equity Ratio

−3,09

Key figures (NOK)	2021	2020	2019	2018
Revenue	9 297 000	4 737 000	5 443 000	6 892 000
Net Income	−1 160 000	−368 000	−638 000	−208 000
Total Assets	5 499 000	3 453 000	3 207 000	2 972 000
Total Equity	−738 000	71 000	439 000	1 078 000

Income (NOK)	2021	2020	2019	2018
Revenue	9 297 000	4 737 000	5 443 000	6 892 000
Expenditure	10 366 000	5 128 000	5 941 000	7 090 000
Operating Profit	−916 000	−173 000	−487 000	−111 000
Financial Income	0	2 000	2 000	−2 000
Financial Costs	244 000	198 000	154 000	109 000
Financial Balance	−244 000	−196 000	−152 000	−111 000
Earnings Before Tax	−1 160 000	−368 000	−638 000	−222 000
Tax	0	0	0	−14 000
Net Income	−1 160 000	−368 000	−638 000	−208 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	2 158 000	1 413 000	1 448 000	1 519 000
Total Current Assets	3 341 000	2 041 000	1 759 000	1 453 000
Total Assets	5 499 000	3 453 000	3 207 000	2 972 000
Total Retained Equity	−1 488 000	−429 000	−61 000	278 000
Total Equity	−738 000	71 000	439 000	1 078 000
Total Long-Term Debt	2 278 000	1 539 000	1 707 000	1 376 000
Total Current Debt	3 959 000	1 843 000	1 060 000	519 000
Total Equity and Debt	5 499 000	3 453 000	3 207 000	2 972 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	8 361 000	4 737 000	5 443 000	6 892 000
Other Income	936 000	0	0	0
Revenue	9 297 000	4 737 000	5 443 000	6 892 000
Cost of Goods Sold	4 572 000	3 002 000	3 785 000	4 609 000
Salary Costs	1 961 000	809 000	922 000	1 155 000
Depreciation	186 000	119 000	115 000	109 000
Impairment	0	0	0	0
Expenditure	10 366 000	5 128 000	5 941 000	7 090 000
Operating Profit	−916 000	−173 000	−487 000	−111 000
Financial Income	0	2 000	2 000	−2 000
Financial Costs	244 000	198 000	154 000	109 000
Financial Balance	−244 000	−196 000	−152 000	−111 000
Dividends	0	0	0	0
Net Income	−1 160 000	−368 000	−638 000	−208 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 233 000	1 200 000	1 272 000	1 344 000
Machinery and Plant Facilities	813 000	162 000	120 000	0
Fixtures	49 000	0	6 000	124 000
Total Tangible Assets	2 094 000	1 363 000	1 398 000	1 469 000
Total Fiancial Fixed Assets	64 000	50 000	50 000	50 000
Total Fixed Assets	2 158 000	1 413 000	1 448 000	1 519 000
Stock	1 170 000	1 017 000	799 000	787 000
Total Investments	0	0	0	0
Cash, Bank	519 000	79 000	119 000	−133 000
Total Current Assets	3 341 000	2 041 000	1 759 000	1 453 000
Total Assets	5 499 000	3 453 000	3 207 000	2 972 000
Total Equity	−738 000	71 000	439 000	1 078 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 278 000	1 539 000	1 707 000	1 376 000
Creditors	3 038 000	1 114 000	428 000	89 000
Unpaid Taxes	256 000	217 000	377 000	306 000
Dividends	0	0	0	0
Other Current Debt	665 000	274 000	118 000	124 000
Total Current Debt	3 959 000	1 843 000	1 060 000	519 000
Total Equity and Debt	5 499 000	3 453 000	3 207 000	2 972 000

Financial indicators	2021	2020	2019	2018
Return on Equity	157,18 %	−518,31 %	−145,33 %	−19,29 %
Debt-to-Equity Ratio	−3,09	21,68	3,89	1,28
Operating Profit Margin	−9,85 %	−3,65 %	−8,95 %	−1,61 %
Current Ratio	0,84	1,11	1,66	2,8
Quick Ratio	1,2	2,47	6,74	−5,42
Equity Ratio	−0,13	0,02	0,14	0,36
Gross Profit Margin	50,82 %	36,63 %	30,46 %	33,13 %