POLARISE PROPERTY AS

3183 HORTEN

Finances

Return on Equity

1 020 %

Current Ratio

0,03

Debt-to-Equity Ratio

−69,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	224 000	762 000	820 000	0
Net Income	−17 646 000	−11 497 000	−114 000	30 000
Total Assets	144 782 000	147 223 000	144 528 000	138 561 000
Total Equity	−1 730 000	15 916 000	27 413 000	27 527 000

Income (NOK)	2022	2021	2020	2019
Revenue	224 000	762 000	820 000	0
Expenditure	1 574 000	1 548 000	1 456 000	23 000
Operating Profit	−1 350 000	−786 000	−635 000	−23 000
Financial Income	4 945 000	4 021 000	3 968 000	103 000
Financial Costs	21 242 000	14 700 000	3 447 000	50 000
Financial Balance	−16 297 000	−10 679 000	521 000	53 000
Earnings Before Tax	−17 646 000	−11 465 000	−114 000	30 000
Tax	0	31 000	0	0
Net Income	−17 646 000	−11 497 000	−114 000	30 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	144 058 000	146 373 000	144 024 000	135 921 000
Total Current Assets	724 000	850 000	504 000	2 640 000
Total Assets	144 782 000	147 223 000	144 528 000	138 561 000
Total Retained Equity	−29 230 000	−11 584 000	−87 000	27 000
Total Equity	−1 730 000	15 916 000	27 413 000	27 527 000
Total Long-Term Debt	119 736 000	122 830 000	114 500 000	111 000 000
Total Current Debt	26 777 000	8 477 000	2 615 000	34 000
Total Equity and Debt	144 782 000	147 223 000	144 528 000	138 561 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	224 000	390 000	567 000	0
Other Income	0	371 000	253 000	0
Revenue	224 000	762 000	820 000	0
Cost of Goods Sold	203 000	381 000	390 000	0
Salary Costs	680 000	616 000	574 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 574 000	1 548 000	1 456 000	23 000
Operating Profit	−1 350 000	−786 000	−635 000	−23 000
Financial Income	4 945 000	4 021 000	3 968 000	103 000
Financial Costs	21 242 000	14 700 000	3 447 000	50 000
Financial Balance	−16 297 000	−10 679 000	521 000	53 000
Dividends	0	0	0	0
Net Income	−17 646 000	−11 497 000	−114 000	30 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	144 058 000	146 373 000	144 024 000	135 921 000
Total Fixed Assets	144 058 000	146 373 000	144 024 000	135 921 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	353 000	407 000	40 000	712 000
Total Current Assets	724 000	850 000	504 000	2 640 000
Total Assets	144 782 000	147 223 000	144 528 000	138 561 000
Total Equity	−1 730 000	15 916 000	27 413 000	27 527 000
Short-Term Group Debt	19 904 000	2 617 000	1 974 000	30 000
Total Long-Term Debt	119 736 000	122 830 000	114 500 000	111 000 000
Creditors	338 000	92 000	44 000	4 000
Unpaid Taxes	49 000	34 000	41 000	0
Dividends	0	0	0	0
Other Current Debt	6 485 000	5 734 000	94 000	0
Total Current Debt	26 777 000	8 477 000	2 615 000	34 000
Total Equity and Debt	144 782 000	147 223 000	144 528 000	138 561 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1 020 %	−72,24 %	−0,42 %	0,11 %
Debt-to-Equity Ratio	−69,21	7,72	4,18	4,03
Operating Profit Margin	−602,68 %	−103,15 %	−77,44 %	-
Current Ratio	0,03	0,1	0,19	77,65
Quick Ratio	0,03	0,1	0,19	77,65
Equity Ratio	−0,01	0,11	0,19	0,2
Gross Profit Margin	9,38 %	50 %	52,44 %	-