POLARGUTTEN AS

8844 SANDVÆR

Finances

Share Ownership

Return on Equity

31,41 %

Current Ratio

1,02

Debt-to-Equity Ratio

5,05

Key figures (NOK)	2022	2021	2020
Revenue	1 681 000	1 286 000	1 733 000
Net Income	294 000	97 000	425 000
Total Assets	6 099 000	5 568 000	5 613 000
Total Equity	936 000	642 000	545 000

Income (NOK)	2022	2021	2020
Revenue	1 681 000	1 286 000	1 733 000
Expenditure	1 060 000	957 000	1 046 000
Operating Profit	621 000	330 000	688 000
Financial Income	9 000	8 000	0
Financial Costs	252 000	212 000	142 000
Financial Balance	−243 000	−204 000	−142 000
Earnings Before Tax	379 000	127 000	546 000
Tax	84 000	29 000	121 000
Net Income	294 000	97 000	425 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	5 653 000	5 418 000	5 274 000
Total Current Assets	446 000	150 000	339 000
Total Assets	6 099 000	5 568 000	5 613 000
Total Retained Equity	816 000	522 000	425 000
Total Equity	936 000	642 000	545 000
Total Long-Term Debt	4 727 000	4 902 000	3 156 000
Total Current Debt	436 000	24 000	1 912 000
Total Equity and Debt	6 099 000	5 568 000	5 613 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 633 000	1 267 000	1 733 000
Other Income	48 000	19 000	0
Revenue	1 681 000	1 286 000	1 733 000
Cost of Goods Sold	95 000	100 000	89 000
Salary Costs	536 000	348 000	265 000
Depreciation	41 000	34 000	71 000
Impairment	0	0	0
Expenditure	1 060 000	957 000	1 046 000
Operating Profit	621 000	330 000	688 000
Financial Income	9 000	8 000	0
Financial Costs	252 000	212 000	142 000
Financial Balance	−243 000	−204 000	−142 000
Dividends	0	0	0
Net Income	294 000	97 000	425 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	3 200 000	3 200 000	3 200 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	2 453 000	2 218 000	2 074 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	5 653 000	5 418 000	5 274 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	446 000	132 000	339 000
Total Current Assets	446 000	150 000	339 000
Total Assets	6 099 000	5 568 000	5 613 000
Total Equity	936 000	642 000	545 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	4 727 000	4 902 000	3 156 000
Creditors	276 000	11 000	1 000
Unpaid Taxes	138 000	0	75 000
Dividends	0	0	0
Other Current Debt	17 000	13 000	1 771 000
Total Current Debt	436 000	24 000	1 912 000
Total Equity and Debt	6 099 000	5 568 000	5 613 000

Financial indicators	2022	2021	2020
Return on Equity	31,41 %	15,11 %	77,98 %
Debt-to-Equity Ratio	5,05	7,64	5,79
Operating Profit Margin	36,94 %	25,66 %	39,7 %
Current Ratio	1,02	6,25	0,18
Quick Ratio	1,02	6,25	0,18
Equity Ratio	0,15	0,12	0,1
Gross Profit Margin	94,35 %	92,22 %	94,86 %