POLARSIRKELEN MEKANISKE AS

8622 MO I RANA

Finances

Share Ownership

Return on Equity

70,16 %

Current Ratio

0,97

Debt-to-Equity Ratio

−1,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 040 000	1 000	453 000	1 810 000
Net Income	−214 000	−12 000	109 000	−291 000
Total Assets	576 000	69 000	79 000	472 000
Total Equity	−305 000	−90 000	−78 000	−187 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 040 000	1 000	453 000	1 810 000
Expenditure	1 314 000	17 000	314 000	2 185 000
Operating Profit	−274 000	−16 000	138 000	−374 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−275 000	−16 000	138 000	−375 000
Tax	−60 000	−3 000	30 000	−84 000
Net Income	−214 000	−12 000	109 000	−291 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	118 000	57 000	54 000	176 000
Total Current Assets	458 000	11 000	25 000	296 000
Total Assets	576 000	69 000	79 000	472 000
Total Retained Equity	−399 000	−185 000	−183 000	−291 000
Total Equity	−305 000	−90 000	−78 000	−187 000
Total Long-Term Debt	406 000	154 000	0	0
Total Current Debt	474 000	5 000	157 000	659 000
Total Equity and Debt	576 000	69 000	79 000	472 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 040 000	1 000	453 000	1 810 000
Other Income	0	0	0	0
Revenue	1 040 000	1 000	453 000	1 810 000
Cost of Goods Sold	188 000	0	−93 000	597 000
Salary Costs	725 000	0	43 000	808 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 314 000	17 000	314 000	2 185 000
Operating Profit	−274 000	−16 000	138 000	−374 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−214 000	−12 000	109 000	−291 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	118 000	57 000	54 000	84 000
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	0	0	0	92 000
Total Fixed Assets	118 000	57 000	54 000	176 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	220 000	11 000	17 000	41 000
Total Current Assets	458 000	11 000	25 000	296 000
Total Assets	576 000	69 000	79 000	472 000
Total Equity	−305 000	−90 000	−78 000	−187 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	406 000	154 000	0	0
Creditors	178 000	3 000	24 000	597 000
Unpaid Taxes	141 000	2 000	133 000	−29 000
Dividends	0	0	0	0
Other Current Debt	156 000	0	0	91 000
Total Current Debt	474 000	5 000	157 000	659 000
Total Equity and Debt	576 000	69 000	79 000	472 000

Financial indicators	2022	2021	2020	2019
Return on Equity	70,16 %	13,33 %	−139,74 %	155,61 %
Debt-to-Equity Ratio	−1,33	−1,71	−0	−0
Operating Profit Margin	−26,35 %	−1 600 %	30,46 %	−20,66 %
Current Ratio	0,97	2,2	0,16	0,45
Quick Ratio	0,97	2,2	0,16	0,45
Equity Ratio	−0,53	−1,3	−0,99	−0,4
Gross Profit Margin	81,92 %	100 %	120,53 %	67,02 %