POLAR SPOT AS

8120 NYGÅRDSJØEN

Finances

Share Ownership

Return on Equity

−20,43 %

Current Ratio

−0,95

Debt-to-Equity Ratio

1,26

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 800 000	1 552 000	1 104 000	428 000
Net Income	−48 000	338 000	−295 000	−639 000
Total Assets	942 000	1 822 000	1 512 000	1 662 000
Total Equity	235 000	283 000	−55 000	−40 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 800 000	1 552 000	1 104 000	428 000
Expenditure	1 828 000	1 083 000	1 438 000	1 214 000
Operating Profit	−28 000	469 000	−334 000	−788 000
Financial Income	0	0	0	0
Financial Costs	30 000	35 000	45 000	32 000
Financial Balance	−30 000	−35 000	−45 000	−32 000
Earnings Before Tax	−57 000	434 000	−378 000	−819 000
Tax	−9 000	95 000	−83 000	−180 000
Net Income	−48 000	338 000	−295 000	−639 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 335 000	1 317 000	1 431 000	1 428 000
Total Current Assets	−392 000	505 000	81 000	234 000
Total Assets	942 000	1 822 000	1 512 000	1 662 000
Total Retained Equity	−645 000	−597 000	−935 000	−640 000
Total Equity	235 000	283 000	−55 000	−40 000
Total Long-Term Debt	295 000	1 450 000	1 505 000	1 527 000
Total Current Debt	412 000	88 000	62 000	175 000
Total Equity and Debt	942 000	1 822 000	1 512 000	1 662 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	702 000	1 332 000	1 079 000	428 000
Other Income	1 098 000	221 000	25 000	0
Revenue	1 800 000	1 552 000	1 104 000	428 000
Cost of Goods Sold	353 000	292 000	269 000	239 000
Salary Costs	624 000	286 000	486 000	205 000
Depreciation	116 000	107 000	107 000	101 000
Impairment	0	0	0	0
Expenditure	1 828 000	1 083 000	1 438 000	1 214 000
Operating Profit	−28 000	469 000	−334 000	−788 000
Financial Income	0	0	0	0
Financial Costs	30 000	35 000	45 000	32 000
Financial Balance	−30 000	−35 000	−45 000	−32 000
Dividends	0	0	0	0
Net Income	−48 000	338 000	−295 000	−639 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	177 000	168 000	263 000	180 000
Real Eastate	601 000	585 000	530 000	528 000
Machinery and Plant Facilities	510 000	506 000	574 000	641 000
Fixtures	38 000	44 000	50 000	55 000
Total Tangible Assets	1 158 000	1 149 000	1 173 000	1 248 000
Total Fiancial Fixed Assets	0	0	−5 000	0
Total Fixed Assets	1 335 000	1 317 000	1 431 000	1 428 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	266 000	482 000	73 000	159 000
Total Current Assets	−392 000	505 000	81 000	234 000
Total Assets	942 000	1 822 000	1 512 000	1 662 000
Total Equity	235 000	283 000	−55 000	−40 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	295 000	1 450 000	1 505 000	1 527 000
Creditors	20 000	29 000	5 000	34 000
Unpaid Taxes	48 000	8 000	3 000	72 000
Dividends	0	0	0	0
Other Current Debt	78 000	50 000	55 000	69 000
Total Current Debt	412 000	88 000	62 000	175 000
Total Equity and Debt	942 000	1 822 000	1 512 000	1 662 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−20,43 %	119,43 %	536,36 %	1 597,5 %
Debt-to-Equity Ratio	1,26	5,12	−27,36	−38,18
Operating Profit Margin	−1,56 %	30,22 %	−30,25 %	−184,11 %
Current Ratio	−0,95	5,74	1,31	1,34
Quick Ratio	−0,95	5,74	1,31	1,34
Equity Ratio	0,25	0,16	−0,04	−0,02
Gross Profit Margin	80,39 %	81,19 %	75,63 %	44,16 %