Polar International A/S

3221 SANDEFJORD

Finances

Share Ownership

Return on Equity

30,44 %

Current Ratio

1,49

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	1 577 000	824 000	2 095 000	962 000
Net Income	1 250 000	−672 000	225 000	−845 000
Total Assets	5 881 000	4 221 000	4 031 000	3 397 000
Total Equity	4 106 000	1 323 000	1 395 000	−1 331 000

Income (NOK)	2021	2020	2019	2018
Revenue	1 577 000	824 000	2 095 000	962 000
Expenditure	2 102 000	1 497 000	1 947 000	1 823 000
Operating Profit	−525 000	−673 000	148 000	−862 000
Financial Income	5 000	21 000	98 000	95 000
Financial Costs	19 000	20 000	21 000	79 000
Financial Balance	−14 000	1 000	77 000	16 000
Earnings Before Tax	−538 000	−672 000	225 000	−845 000
Tax	−1 788 000	0	0	0
Net Income	1 250 000	−672 000	225 000	−845 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	3 246 000	1 500 000	1 500 000	1 500 000
Total Current Assets	2 635 000	2 721 000	2 531 000	1 897 000
Total Assets	5 881 000	4 221 000	4 031 000	3 397 000
Total Retained Equity	0	−2 127 000	−1 455 000	−1 681 000
Total Equity	4 106 000	1 323 000	1 395 000	−1 331 000
Total Long-Term Debt	0	0	0	2 500 000
Total Current Debt	1 774 000	2 898 000	2 636 000	2 228 000
Total Equity and Debt	5 881 000	4 221 000	4 031 000	3 397 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	1 577 000	787 000	2 095 000	854 000
Other Income	0	37 000	0	107 000
Revenue	1 577 000	824 000	2 095 000	962 000
Cost of Goods Sold	506 000	475 000	362 000	614 000
Salary Costs	337 000	382 000	432 000	434 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 102 000	1 497 000	1 947 000	1 823 000
Operating Profit	−525 000	−673 000	148 000	−862 000
Financial Income	5 000	21 000	98 000	95 000
Financial Costs	19 000	20 000	21 000	79 000
Financial Balance	−14 000	1 000	77 000	16 000
Dividends	0	0	0	0
Net Income	1 250 000	−672 000	225 000	−845 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	1 746 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	1 500 000	1 500 000	1 500 000	1 500 000
Total Fixed Assets	3 246 000	1 500 000	1 500 000	1 500 000
Stock	1 277 000	1 481 000	985 000	427 000
Total Investments	0	0	0	0
Cash, Bank	88 000	71 000	105 000	160 000
Total Current Assets	2 635 000	2 721 000	2 531 000	1 897 000
Total Assets	5 881 000	4 221 000	4 031 000	3 397 000
Total Equity	4 106 000	1 323 000	1 395 000	−1 331 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	2 500 000
Creditors	973 000	77 000	62 000	114 000
Unpaid Taxes	0	28 000	20 000	43 000
Dividends	0	0	0	0
Other Current Debt	792 000	2 782 000	2 548 000	2 064 000
Total Current Debt	1 774 000	2 898 000	2 636 000	2 228 000
Total Equity and Debt	5 881 000	4 221 000	4 031 000	3 397 000

Financial indicators	2021	2020	2019	2018
Return on Equity	30,44 %	−50,79 %	16,13 %	63,49 %
Debt-to-Equity Ratio	0	0	0	−1,88
Operating Profit Margin	−33,29 %	−81,67 %	7,06 %	−89,6 %
Current Ratio	1,49	0,94	0,96	0,85
Quick Ratio	5,3	1,92	1,53	1,05
Equity Ratio	0,7	0,31	0,35	−0,39
Gross Profit Margin	67,91 %	42,35 %	82,72 %	36,17 %