POLAR BYGG AS

8622 MO I RANA

Finances

Share Ownership

Return on Equity

−710 %

Current Ratio

0,86

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 223 000	7 730 000	7 323 000	6 010 000
Net Income	−213 000	188 000	411 000	723 000
Total Assets	1 290 000	1 718 000	2 410 000	1 715 000
Total Equity	30 000	30 000	41 000	33 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 223 000	7 730 000	7 323 000	6 010 000
Expenditure	9 493 000	7 460 000	6 794 000	5 083 000
Operating Profit	−270 000	271 000	529 000	927 000
Financial Income	0	0	0	1 000
Financial Costs	1 000	1 000	2 000	2 000
Financial Balance	−1 000	−1 000	−2 000	−1 000
Earnings Before Tax	−270 000	270 000	527 000	926 000
Tax	−57 000	82 000	116 000	204 000
Net Income	−213 000	188 000	411 000	723 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	205 000	145 000	44 000	0
Total Current Assets	1 085 000	1 574 000	2 366 000	1 715 000
Total Assets	1 290 000	1 718 000	2 410 000	1 715 000
Total Retained Equity	0	0	11 000	3 000
Total Equity	30 000	30 000	41 000	33 000
Total Long-Term Debt	0	5 000	2 000	0
Total Current Debt	1 260 000	1 683 000	2 367 000	1 682 000
Total Equity and Debt	1 290 000	1 718 000	2 410 000	1 715 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 223 000	7 730 000	7 323 000	5 958 000
Other Income	0	0	0	52 000
Revenue	9 223 000	7 730 000	7 323 000	6 010 000
Cost of Goods Sold	4 715 000	3 042 000	2 586 000	1 687 000
Salary Costs	3 196 000	2 848 000	2 994 000	2 584 000
Depreciation	34 000	18 000	5 000	0
Impairment	0	0	0	0
Expenditure	9 493 000	7 460 000	6 794 000	5 083 000
Operating Profit	−270 000	271 000	529 000	927 000
Financial Income	0	0	0	1 000
Financial Costs	1 000	1 000	2 000	2 000
Financial Balance	−1 000	−1 000	−2 000	−1 000
Dividends	0	0	0	0
Net Income	−213 000	188 000	411 000	723 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	52 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	42 000	0	0	0
Fixtures	111 000	145 000	44 000	0
Total Tangible Assets	153 000	145 000	44 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	205 000	145 000	44 000	0
Stock	46 000	392 000	0	0
Total Investments	0	0	0	0
Cash, Bank	481 000	589 000	1 430 000	1 150 000
Total Current Assets	1 085 000	1 574 000	2 366 000	1 715 000
Total Assets	1 290 000	1 718 000	2 410 000	1 715 000
Total Equity	30 000	30 000	41 000	33 000
Short-Term Group Debt	205 000	700 000	920 000	−2 000
Total Long-Term Debt	0	5 000	2 000	0
Creditors	130 000	16 000	80 000	15 000
Unpaid Taxes	203 000	274 000	420 000	483 000
Dividends	0	0	0	0
Other Current Debt	722 000	671 000	947 000	1 185 000
Total Current Debt	1 260 000	1 683 000	2 367 000	1 682 000
Total Equity and Debt	1 290 000	1 718 000	2 410 000	1 715 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−710 %	626,67 %	1 002,44 %	2 190,91 %
Debt-to-Equity Ratio	0	0,17	0,05	0
Operating Profit Margin	−2,93 %	3,51 %	7,22 %	15,42 %
Current Ratio	0,86	0,94	1	1,02
Quick Ratio	0,89	1,22	1	1,02
Equity Ratio	0,02	0,02	0,02	0,02
Gross Profit Margin	48,88 %	60,65 %	64,69 %	71,93 %