POLARTECH AS

8093 KJERRINGØY

Finances

Share Ownership

Return on Equity

302,78 %

Current Ratio

0,89

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 884 000	3 120 000	2 536 000	2 158 000
Net Income	109 000	−132 000	−80 000	343 000
Total Assets	314 000	452 000	421 000	650 000
Total Equity	36 000	−73 000	59 000	140 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 884 000	3 120 000	2 536 000	2 158 000
Expenditure	2 772 000	3 254 000	2 634 000	1 722 000
Operating Profit	113 000	−134 000	−99 000	437 000
Financial Income	0	2 000	0	1 000
Financial Costs	4 000	1 000	3 000	0
Financial Balance	−4 000	1 000	−3 000	1 000
Earnings Before Tax	109 000	−132 000	−102 000	438 000
Tax	0	0	−22 000	95 000
Net Income	109 000	−132 000	−80 000	343 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	67 000	70 000	103 000	30 000
Total Current Assets	247 000	382 000	318 000	619 000
Total Assets	314 000	452 000	421 000	650 000
Total Retained Equity	6 000	−103 000	29 000	110 000
Total Equity	36 000	−73 000	59 000	140 000
Total Long-Term Debt	0	0	0	1 000
Total Current Debt	278 000	526 000	362 000	509 000
Total Equity and Debt	314 000	452 000	421 000	650 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 884 000	3 120 000	2 536 000	2 159 000
Other Income	0	0	0	−1 000
Revenue	2 884 000	3 120 000	2 536 000	2 158 000
Cost of Goods Sold	502 000	516 000	330 000	105 000
Salary Costs	1 443 000	1 941 000	1 536 000	1 022 000
Depreciation	27 000	33 000	33 000	9 000
Impairment	0	0	0	0
Expenditure	2 772 000	3 254 000	2 634 000	1 722 000
Operating Profit	113 000	−134 000	−99 000	437 000
Financial Income	0	2 000	0	1 000
Financial Costs	4 000	1 000	3 000	0
Financial Balance	−4 000	1 000	−3 000	1 000
Dividends	0	0	0	225 000
Net Income	109 000	−132 000	−80 000	343 000

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	46 000	66 000	86 000	0
Fixtures	22 000	4 000	17 000	30 000
Total Tangible Assets	67 000	70 000	103 000	30 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	67 000	70 000	103 000	30 000
Stock	43 000	24 000	32 000	0
Total Investments	0	0	0	0
Cash, Bank	128 000	119 000	101 000	441 000
Total Current Assets	247 000	382 000	318 000	619 000
Total Assets	314 000	452 000	421 000	650 000
Total Equity	36 000	−73 000	59 000	140 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	1 000
Creditors	35 000	20 000	12 000	28 000
Unpaid Taxes	82 000	280 000	177 000	303 000
Dividends	0	0	0	225 000
Other Current Debt	161 000	226 000	173 000	85 000
Total Current Debt	278 000	526 000	362 000	509 000
Total Equity and Debt	314 000	452 000	421 000	650 000

Financial indicators	2022	2021	2020	2019
Return on Equity	302,78 %	180,82 %	−135,59 %	245 %
Debt-to-Equity Ratio	0	−0	0	0,01
Operating Profit Margin	3,92 %	−4,29 %	−3,9 %	20,25 %
Current Ratio	0,89	0,73	0,88	1,22
Quick Ratio	1,05	0,76	0,96	1,22
Equity Ratio	0,11	−0,16	0,14	0,22
Gross Profit Margin	82,59 %	83,46 %	86,99 %	95,13 %