POLAR CRUISING AS

8414 HENNES

Finances

Return on Equity

156,3 %

Current Ratio

0,07

Debt-to-Equity Ratio

−3,29

Key figures (NOK)	2022	2021	2020
Revenue	240 000	1 000	0
Net Income	−1 352 000	−92 000	−13 000
Total Assets	3 360 000	1 502 000	22 000
Total Equity	−865 000	−13 000	9 000

Income (NOK)	2022	2021	2020
Revenue	240 000	1 000	0
Expenditure	1 480 000	119 000	13 000
Operating Profit	−1 240 000	−118 000	−13 000
Financial Income	0	0	0
Financial Costs	87 000	0	0
Financial Balance	−87 000	0	0
Earnings Before Tax	−1 326 000	−118 000	−13 000
Tax	26 000	−26 000	0
Net Income	−1 352 000	−92 000	−13 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	3 260 000	321 000	0
Total Current Assets	100 000	1 181 000	22 000
Total Assets	3 360 000	1 502 000	22 000
Total Retained Equity	−1 458 000	−106 000	−13 000
Total Equity	−865 000	−13 000	9 000
Total Long-Term Debt	2 842 000	1 401 000	0
Total Current Debt	1 383 000	114 000	13 000
Total Equity and Debt	3 360 000	1 502 000	22 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	1 000	0
Other Income	240 000	0	0
Revenue	240 000	1 000	0
Cost of Goods Sold	0	0	0
Salary Costs	12 000	0	0
Depreciation	162 000	0	0
Impairment	0	0	0
Expenditure	1 480 000	119 000	13 000
Operating Profit	−1 240 000	−118 000	−13 000
Financial Income	0	0	0
Financial Costs	87 000	0	0
Financial Balance	−87 000	0	0
Dividends	0	0	0
Net Income	−1 352 000	−92 000	−13 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	26 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	18 000	0	0
Total Tangible Assets	2 269 000	0	0
Total Fiancial Fixed Assets	991 000	295 000	0
Total Fixed Assets	3 260 000	321 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	100 000	1 181 000	22 000
Total Current Assets	100 000	1 181 000	22 000
Total Assets	3 360 000	1 502 000	22 000
Total Equity	−865 000	−13 000	9 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 842 000	1 401 000	0
Creditors	723 000	9 000	5 000
Unpaid Taxes	1 000	0	0
Dividends	0	0	0
Other Current Debt	659 000	105 000	7 000
Total Current Debt	1 383 000	114 000	13 000
Total Equity and Debt	3 360 000	1 502 000	22 000

Financial indicators	2022	2021	2020
Return on Equity	156,3 %	707,69 %	−144,44 %
Debt-to-Equity Ratio	−3,29	−107,77	0
Operating Profit Margin	−516,67 %	−11 800 %	-
Current Ratio	0,07	10,36	1,69
Quick Ratio	0,07	10,36	1,69
Equity Ratio	−0,26	−0,01	0,41
Gross Profit Margin	100 %	100 %	-