POLARSMOLT AS

8313 KLEPPSTAD

Finances

Return on Equity

5,42 %

Current Ratio

2,65

Debt-to-Equity Ratio

2,21

Key figures (NOK)	2022	2021	2020
Revenue	31 210 000	19 141 000	18 834 000
Net Income	1 042 000	−5 809 000	−1 246 000
Total Assets	73 304 000	76 184 000	46 085 000
Total Equity	19 229 000	17 035 000	13 793 000

Income (NOK)	2022	2021	2020
Revenue	31 210 000	19 141 000	18 834 000
Expenditure	32 680 000	25 344 000	19 998 000
Operating Profit	3 845 000	−6 145 000	−1 131 000
Financial Income	3 000	0	0
Financial Costs	2 503 000	1 621 000	115 000
Financial Balance	−2 500 000	−1 621 000	−115 000
Earnings Before Tax	1 344 000	−7 766 000	−1 246 000
Tax	302 000	−1 957 000	0
Net Income	1 042 000	−5 809 000	−1 246 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	42 508 000	39 330 000	27 328 000
Total Current Assets	30 796 000	36 854 000	18 757 000
Total Assets	73 304 000	76 184 000	46 085 000
Total Retained Equity	1 042 000	0	−1 246 000
Total Equity	19 229 000	17 035 000	13 793 000
Total Long-Term Debt	42 472 000	46 845 000	0
Total Current Debt	11 604 000	12 304 000	32 292 000
Total Equity and Debt	73 304 000	76 184 000	46 085 000

Cash flow (NOK)	2022	2021	2020
Sales Income	31 210 000	19 141 000	18 834 000
Other Income	0	0	0
Revenue	31 210 000	19 141 000	18 834 000
Cost of Goods Sold	15 931 000	8 572 000	12 533 000
Salary Costs	6 838 000	6 490 000	2 883 000
Depreciation	3 376 000	2 786 000	1 271 000
Impairment	0	0	0
Expenditure	32 680 000	25 344 000	19 998 000
Operating Profit	3 845 000	−6 145 000	−1 131 000
Financial Income	3 000	0	0
Financial Costs	2 503 000	1 621 000	115 000
Financial Balance	−2 500 000	−1 621 000	−115 000
Dividends	0	0	0
Net Income	1 042 000	−5 809 000	−1 246 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	3 725 000	3 736 000	3 747 000
Real Eastate	30 227 000	25 777 000	12 654 000
Machinery and Plant Facilities	0	0	0
Fixtures	8 534 000	9 729 000	10 732 000
Total Tangible Assets	38 761 000	35 506 000	23 386 000
Total Fiancial Fixed Assets	22 000	88 000	195 000
Total Fixed Assets	42 508 000	39 330 000	27 328 000
Stock	16 922 000	11 606 000	7 474 000
Total Investments	0	0	0
Cash, Bank	279 000	273 000	457 000
Total Current Assets	30 796 000	36 854 000	18 757 000
Total Assets	73 304 000	76 184 000	46 085 000
Total Equity	19 229 000	17 035 000	13 793 000
Short-Term Group Debt	0	0	23 844 000
Total Long-Term Debt	42 472 000	46 845 000	0
Creditors	7 264 000	1 609 000	4 903 000
Unpaid Taxes	369 000	354 000	2 459 000
Dividends	0	0	0
Other Current Debt	1 772 000	1 259 000	1 086 000
Total Current Debt	11 604 000	12 304 000	32 292 000
Total Equity and Debt	73 304 000	76 184 000	46 085 000

Financial indicators	2022	2021	2020
Return on Equity	5,42 %	−34,1 %	−9,03 %
Debt-to-Equity Ratio	2,21	2,75	0
Operating Profit Margin	12,32 %	−32,1 %	−6,01 %
Current Ratio	2,65	3	0,58
Quick Ratio	−5,79	52,8	0,76
Equity Ratio	0,26	0,22	0,3
Gross Profit Margin	48,96 %	55,22 %	33,46 %