POLARTEKST AS

2008 FJERDINGBY

Finances

Return on Equity

226,67 %

Current Ratio

1,69

Debt-to-Equity Ratio

4,93

Key figures (NOK)	2022	2021	2020
Revenue	1 105 000	857 000	717 000
Net Income	68 000	−5 000	102 000
Total Assets	392 000	292 000	210 000
Total Equity	30 000	28 000	32 000

Income (NOK)	2022	2021	2020
Revenue	1 105 000	857 000	717 000
Expenditure	1 026 000	854 000	586 000
Operating Profit	80 000	3 000	131 000
Financial Income	19 000	8 000	7 000
Financial Costs	13 000	16 000	7 000
Financial Balance	6 000	−8 000	0
Earnings Before Tax	86 000	−5 000	131 000
Tax	18 000	−1 000	29 000
Net Income	68 000	−5 000	102 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	29 000	25 000	0
Total Current Assets	362 000	267 000	210 000
Total Assets	392 000	292 000	210 000
Total Retained Equity	0	−2 000	2 000
Total Equity	30 000	28 000	32 000
Total Long-Term Debt	148 000	148 000	1 000
Total Current Debt	214 000	116 000	177 000
Total Equity and Debt	392 000	292 000	210 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 105 000	856 000	717 000
Other Income	0	0	0
Revenue	1 105 000	857 000	717 000
Cost of Goods Sold	0	0	0
Salary Costs	487 000	485 000	238 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	1 026 000	854 000	586 000
Operating Profit	80 000	3 000	131 000
Financial Income	19 000	8 000	7 000
Financial Costs	13 000	16 000	7 000
Financial Balance	6 000	−8 000	0
Dividends	0	0	0
Net Income	68 000	−5 000	102 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	29 000	25 000	0
Total Fixed Assets	29 000	25 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	160 000	109 000	20 000
Total Current Assets	362 000	267 000	210 000
Total Assets	392 000	292 000	210 000
Total Equity	30 000	28 000	32 000
Short-Term Group Debt	84 000	0	128 000
Total Long-Term Debt	148 000	148 000	1 000
Creditors	29 000	50 000	24 000
Unpaid Taxes	32 000	25 000	26 000
Dividends	0	0	0
Other Current Debt	70 000	42 000	0
Total Current Debt	214 000	116 000	177 000
Total Equity and Debt	392 000	292 000	210 000

Financial indicators	2022	2021	2020
Return on Equity	226,67 %	−17,86 %	318,75 %
Debt-to-Equity Ratio	4,93	5,29	0,03
Operating Profit Margin	7,24 %	0,35 %	18,27 %
Current Ratio	1,69	2,3	1,19
Quick Ratio	1,69	2,3	1,19
Equity Ratio	0,08	0,1	0,15
Gross Profit Margin	100 %	100 %	100 %