POLARSIRKELEN MASKIN AS

8630 STORFORSHEIA

Finances

Share Ownership

Return on Equity

124,77 %

Current Ratio

0,66

Debt-to-Equity Ratio

2,94

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 920 000	2 298 000	1 427 000	636 000
Net Income	136 000	−280 000	−85 000	317 000
Total Assets	1 128 000	947 000	1 008 000	539 000
Total Equity	109 000	−27 000	253 000	337 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 920 000	2 298 000	1 427 000	636 000
Expenditure	3 717 000	2 620 000	1 510 000	230 000
Operating Profit	203 000	−322 000	−83 000	406 000
Financial Income	0	1 000	0	0
Financial Costs	29 000	38 000	26 000	0
Financial Balance	−29 000	−37 000	−26 000	0
Earnings Before Tax	174 000	−359 000	−108 000	406 000
Tax	38 000	−79 000	−24 000	89 000
Net Income	136 000	−280 000	−85 000	317 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	666 000	526 000	579 000	45 000
Total Current Assets	462 000	421 000	429 000	494 000
Total Assets	1 128 000	947 000	1 008 000	539 000
Total Retained Equity	79 000	−57 000	223 000	307 000
Total Equity	109 000	−27 000	253 000	337 000
Total Long-Term Debt	321 000	393 000	483 000	0
Total Current Debt	697 000	581 000	273 000	202 000
Total Equity and Debt	1 128 000	947 000	1 008 000	539 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 920 000	2 298 000	1 427 000	636 000
Other Income	0	0	0	0
Revenue	3 920 000	2 298 000	1 427 000	636 000
Cost of Goods Sold	626 000	632 000	321 000	76 000
Salary Costs	2 207 000	1 147 000	531 000	2 000
Depreciation	5 000	114 000	50 000	0
Impairment	0	0	0	0
Expenditure	3 717 000	2 620 000	1 510 000	230 000
Operating Profit	203 000	−322 000	−83 000	406 000
Financial Income	0	1 000	0	0
Financial Costs	29 000	38 000	26 000	0
Financial Balance	−29 000	−37 000	−26 000	0
Dividends	0	0	0	0
Net Income	136 000	−280 000	−85 000	317 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	40 000	61 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	508 000	463 000	463 000	0
Fixtures	86 000	−30 000	84 000	0
Total Tangible Assets	593 000	432 000	546 000	0
Total Fiancial Fixed Assets	33 000	33 000	33 000	45 000
Total Fixed Assets	666 000	526 000	579 000	45 000
Stock	0	49 000	0	0
Total Investments	0	0	0	0
Cash, Bank	46 000	2 000	300 000	255 000
Total Current Assets	462 000	421 000	429 000	494 000
Total Assets	1 128 000	947 000	1 008 000	539 000
Total Equity	109 000	−27 000	253 000	337 000
Short-Term Group Debt	0	0	0	12 000
Total Long-Term Debt	321 000	393 000	483 000	0
Creditors	228 000	153 000	129 000	23 000
Unpaid Taxes	151 000	147 000	62 000	66 000
Dividends	0	0	0	0
Other Current Debt	319 000	282 000	82 000	14 000
Total Current Debt	697 000	581 000	273 000	202 000
Total Equity and Debt	1 128 000	947 000	1 008 000	539 000

Financial indicators	2022	2021	2020	2019
Return on Equity	124,77 %	1 037,04 %	−33,6 %	94,07 %
Debt-to-Equity Ratio	2,94	−14,56	1,91	0
Operating Profit Margin	5,18 %	−14,01 %	−5,82 %	63,84 %
Current Ratio	0,66	0,72	1,57	2,45
Quick Ratio	0,66	0,79	1,57	2,45
Equity Ratio	0,1	−0,03	0,25	0,63
Gross Profit Margin	84,03 %	72,5 %	77,51 %	88,05 %