POLAR PROPERTY AS

0367 OSLO

Finances

Share Ownership

Return on Equity

−6,82 %

Current Ratio

0,64

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	402 000	405 000	582 000	786 000
Net Income	−70 000	−223 000	−47 000	−24 000
Total Assets	4 271 000	4 313 000	6 044 000	6 329 000
Total Equity	1 026 000	1 096 000	1 319 000	1 366 000

Income (NOK)	2022	2021	2020	2019
Revenue	402 000	405 000	582 000	786 000
Expenditure	289 000	403 000	346 000	503 000
Operating Profit	113 000	3 000	237 000	282 000
Financial Income	1 000	1 000	1 000	25 000
Financial Costs	204 000	290 000	305 000	331 000
Financial Balance	−203 000	−289 000	−304 000	−306 000
Earnings Before Tax	−90 000	−286 000	−67 000	−24 000
Tax	−20 000	−63 000	−20 000	0
Net Income	−70 000	−223 000	−47 000	−24 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 192 000	2 281 000	4 778 000	4 956 000
Total Current Assets	2 079 000	2 031 000	1 266 000	1 373 000
Total Assets	4 271 000	4 313 000	6 044 000	6 329 000
Total Retained Equity	926 000	996 000	1 219 000	1 266 000
Total Equity	1 026 000	1 096 000	1 319 000	1 366 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 245 000	3 217 000	4 724 000	4 963 000
Total Equity and Debt	4 271 000	4 313 000	6 044 000	6 329 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	7 000
Other Income	402 000	405 000	582 000	779 000
Revenue	402 000	405 000	582 000	786 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	110 000	120 000	198 000	212 000
Impairment	0	0	0	0
Expenditure	289 000	403 000	346 000	503 000
Operating Profit	113 000	3 000	237 000	282 000
Financial Income	1 000	1 000	1 000	25 000
Financial Costs	204 000	290 000	305 000	331 000
Financial Balance	−203 000	−289 000	−304 000	−306 000
Dividends	0	0	0	0
Net Income	−70 000	−223 000	−47 000	−24 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	103 000	83 000	20 000	0
Real Eastate	2 089 000	2 199 000	3 318 000	3 516 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	2 089 000	2 199 000	3 318 000	3 516 000
Total Fiancial Fixed Assets	0	0	1 440 000	1 440 000
Total Fixed Assets	2 192 000	2 281 000	4 778 000	4 956 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 009 000	2 023 000	1 206 000	1 273 000
Total Current Assets	2 079 000	2 031 000	1 266 000	1 373 000
Total Assets	4 271 000	4 313 000	6 044 000	6 329 000
Total Equity	1 026 000	1 096 000	1 319 000	1 366 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	3 245 000	3 217 000	4 724 000	4 963 000
Total Current Debt	3 245 000	3 217 000	4 724 000	4 963 000
Total Equity and Debt	4 271 000	4 313 000	6 044 000	6 329 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,82 %	−20,35 %	−3,56 %	−1,76 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	28,11 %	0,74 %	40,72 %	35,88 %
Current Ratio	0,64	0,63	0,27	0,28
Quick Ratio	0,64	0,63	0,27	0,28
Equity Ratio	0,24	0,25	0,22	0,22
Gross Profit Margin	100 %	100 %	100 %	100 %