POLARIS ELECTRONICS NORGE AS

3420 LIERSKOGEN

Finances

Share Ownership

Return on Equity

30,83 %

Current Ratio

0,58

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 292 000	6 098 000	3 610 000	107 000
Net Income	−833 000	−694 000	−913 000	−243 000
Total Assets	3 756 000	2 802 000	2 572 000	1 003 000
Total Equity	−2 702 000	−1 350 000	−656 000	257 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 292 000	6 098 000	3 610 000	107 000
Expenditure	8 713 000	6 904 000	4 972 000	450 000
Operating Profit	−421 000	−806 000	−1 362 000	−342 000
Financial Income	57 000	31 000	217 000	31 000
Financial Costs	469 000	112 000	25 000	0
Financial Balance	−412 000	−81 000	192 000	31 000
Earnings Before Tax	−833 000	−887 000	−1 170 000	−312 000
Tax	0	−193 000	−257 000	−69 000
Net Income	−833 000	−694 000	−913 000	−243 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	519 000	326 000	69 000
Total Current Assets	3 756 000	2 283 000	2 246 000	934 000
Total Assets	3 756 000	2 802 000	2 572 000	1 003 000
Total Retained Equity	−3 202 000	−1 850 000	−1 156 000	−243 000
Total Equity	−2 702 000	−1 350 000	−656 000	257 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 458 000	4 152 000	3 227 000	746 000
Total Equity and Debt	3 756 000	2 802 000	2 572 000	1 003 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 292 000	6 098 000	3 610 000	107 000
Other Income	0	0	0	0
Revenue	8 292 000	6 098 000	3 610 000	107 000
Cost of Goods Sold	6 545 000	4 865 000	2 954 000	172 000
Salary Costs	1 705 000	1 662 000	1 664 000	135 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	8 713 000	6 904 000	4 972 000	450 000
Operating Profit	−421 000	−806 000	−1 362 000	−342 000
Financial Income	57 000	31 000	217 000	31 000
Financial Costs	469 000	112 000	25 000	0
Financial Balance	−412 000	−81 000	192 000	31 000
Dividends	0	0	0	0
Net Income	−833 000	−694 000	−913 000	−243 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	519 000	326 000	69 000
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	0
Total Fixed Assets	0	519 000	326 000	69 000
Stock	1 298 000	753 000	786 000	554 000
Total Investments	0	0	0	0
Cash, Bank	1 064 000	996 000	392 000	278 000
Total Current Assets	3 756 000	2 283 000	2 246 000	934 000
Total Assets	3 756 000	2 802 000	2 572 000	1 003 000
Total Equity	−2 702 000	−1 350 000	−656 000	257 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	5 652 000	3 628 000	2 701 000	729 000
Unpaid Taxes	620 000	342 000	343 000	3 000
Dividends	0	0	0	0
Other Current Debt	187 000	182 000	183 000	14 000
Total Current Debt	6 458 000	4 152 000	3 227 000	746 000
Total Equity and Debt	3 756 000	2 802 000	2 572 000	1 003 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,83 %	51,41 %	139,18 %	−94,55 %
Debt-to-Equity Ratio	−0	−0	−0	0
Operating Profit Margin	−5,08 %	−13,22 %	−37,73 %	−319,63 %
Current Ratio	0,58	0,55	0,7	1,25
Quick Ratio	0,73	0,67	0,92	4,86
Equity Ratio	−0,72	−0,48	−0,26	0,26
Gross Profit Margin	21,07 %	20,22 %	18,17 %	−60,75 %