POLAR VVS AS

1415 OPPEGÅRD

Finances

Share Ownership

Return on Equity

13,93 %

Current Ratio

1,47

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 154 000	3 736 000	1 457 000	556 000
Net Income	39 000	188 000	47 000	46 000
Total Assets	707 000	994 000	351 000	299 000
Total Equity	280 000	241 000	123 000	76 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 154 000	3 736 000	1 457 000	556 000
Expenditure	3 104 000	3 495 000	1 396 000	498 000
Operating Profit	51 000	240 000	60 000	59 000
Financial Income	0	1 000	0	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	1 000	0	0
Earnings Before Tax	50 000	241 000	60 000	59 000
Tax	11 000	53 000	13 000	13 000
Net Income	39 000	188 000	47 000	46 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	78 000	103 000	55 000	0
Total Current Assets	629 000	891 000	295 000	299 000
Total Assets	707 000	994 000	351 000	299 000
Total Retained Equity	250 000	211 000	93 000	46 000
Total Equity	280 000	241 000	123 000	76 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	427 000	753 000	228 000	223 000
Total Equity and Debt	707 000	994 000	351 000	299 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 154 000	3 736 000	1 456 000	556 000
Other Income	0	0	0	0
Revenue	3 154 000	3 736 000	1 457 000	556 000
Cost of Goods Sold	1 436 000	1 614 000	371 000	153 000
Salary Costs	1 182 000	1 397 000	699 000	237 000
Depreciation	25 000	32 000	17 000	0
Impairment	0	0	0	0
Expenditure	3 104 000	3 495 000	1 396 000	498 000
Operating Profit	51 000	240 000	60 000	59 000
Financial Income	0	1 000	0	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	1 000	0	0
Dividends	0	70 000	0	0
Net Income	39 000	188 000	47 000	46 000

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	78 000	103 000	55 000	0
Total Tangible Assets	78 000	103 000	55 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	78 000	103 000	55 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	308 000	562 000	207 000	192 000
Total Current Assets	629 000	891 000	295 000	299 000
Total Assets	707 000	994 000	351 000	299 000
Total Equity	280 000	241 000	123 000	76 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	134 000	233 000	65 000	75 000
Unpaid Taxes	161 000	254 000	76 000	112 000
Dividends	0	70 000	0	0
Other Current Debt	121 000	142 000	73 000	23 000
Total Current Debt	427 000	753 000	228 000	223 000
Total Equity and Debt	707 000	994 000	351 000	299 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,93 %	78,01 %	38,21 %	60,53 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,62 %	6,42 %	4,12 %	10,61 %
Current Ratio	1,47	1,18	1,29	1,34
Quick Ratio	1,47	1,18	1,29	1,34
Equity Ratio	0,4	0,24	0,35	0,25
Gross Profit Margin	54,47 %	56,8 %	74,54 %	72,48 %