POLARVIND AS

9840 VARANGERBOTN

Finances

Share Ownership

Return on Equity

60,28 %

Current Ratio

0,41

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	895 000	665 000	210 000	0
Net Income	129 000	80 000	−88 000	0
Total Assets	1 216 000	1 455 000	1 228 000	98 000
Total Equity	214 000	85 000	5 000	92 000

Income (NOK)	2022	2021	2020
Revenue	895 000	665 000	210 000
Expenditure	731 000	585 000	298 000
Operating Profit	163 000	80 000	−88 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Earnings Before Tax	163 000	80 000	−88 000
Tax	34 000	0	0
Net Income	129 000	80 000	−88 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	823 000	848 000	912 000	0
Total Current Assets	394 000	607 000	316 000	98 000
Total Assets	1 216 000	1 455 000	1 228 000	98 000
Total Retained Equity	121 000	−8 000	−88 000	0
Total Equity	214 000	85 000	5 000	92 000
Total Long-Term Debt	34 000	0	0	0
Total Current Debt	968 000	1 370 000	1 224 000	6 000
Total Equity and Debt	1 216 000	1 455 000	1 228 000	98 000

Cash flow (NOK)	2022	2021	2020
Sales Income	897 000	667 000	210 000
Other Income	−2 000	−2 000	0
Revenue	895 000	665 000	210 000
Cost of Goods Sold	0	0	0
Salary Costs	557 000	383 000	148 000
Depreciation	67 000	64 000	48 000
Impairment	0	0	0
Expenditure	731 000	585 000	298 000
Operating Profit	163 000	80 000	−88 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Dividends	0	0	0
Net Income	129 000	80 000	−88 000

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	39 000	0	0	0
Total Tangible Assets	823 000	848 000	912 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	823 000	848 000	912 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	379 000	607 000	80 000	98 000
Total Current Assets	394 000	607 000	316 000	98 000
Total Assets	1 216 000	1 455 000	1 228 000	98 000
Total Equity	214 000	85 000	5 000	92 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	34 000	0	0	0
Creditors	711 000	1 200 000	1 200 000	0
Unpaid Taxes	233 000	149 000	16 000	0
Dividends	0	0	0	0
Other Current Debt	24 000	21 000	8 000	6 000
Total Current Debt	968 000	1 370 000	1 224 000	6 000
Total Equity and Debt	1 216 000	1 455 000	1 228 000	98 000

Financial indicators	2022	2021	2020	2019
Return on Equity	60,28 %	94,12 %	−1 760 %	0 %
Debt-to-Equity Ratio	0,16	0	0	0
Operating Profit Margin	18,21 %	12,03 %	−41,9 %	-
Current Ratio	0,41	0,44	0,26	16,33
Quick Ratio	0,41	0,44	0,26	16,33
Equity Ratio	0,18	0,06	0	0,94
Gross Profit Margin	100 %	100 %	100 %	-