POLAR EKSPEDISJONER AS

2317 HAMAR

Finances

Share Ownership

Return on Equity

8,46 %

Current Ratio

0,38

Debt-to-Equity Ratio

−0,68

Key figures (NOK)	2022	2021	2020	2019
Revenue	30 000	0	0	2 605 000
Net Income	−11 000	−71 000	−77 000	1 068 000
Total Assets	25 000	10 000	134 000	2 965 000
Total Equity	−130 000	−118 000	−47 000	100 000

Income (NOK)	2022	2021	2020	2019
Revenue	30 000	0	0	2 605 000
Expenditure	45 000	92 000	99 000	659 000
Operating Profit	−15 000	−92 000	−99 000	1 946 000
Financial Income	0	0	0	2 000
Financial Costs	0	0	0	747 000
Financial Balance	0	0	0	−745 000
Earnings Before Tax	−15 000	−91 000	−99 000	1 201 000
Tax	−3 000	−20 000	−22 000	133 000
Net Income	−11 000	−71 000	−77 000	1 068 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	25 000	10 000	134 000	2 965 000
Total Assets	25 000	10 000	134 000	2 965 000
Total Retained Equity	−160 000	−148 000	−77 000	0
Total Equity	−130 000	−118 000	−47 000	100 000
Total Long-Term Debt	88 000	92 000	112 000	133 000
Total Current Debt	66 000	37 000	69 000	2 732 000
Total Equity and Debt	25 000	10 000	134 000	2 965 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	30 000	0	0	566 000
Other Income	0	0	0	2 039 000
Revenue	30 000	0	0	2 605 000
Cost of Goods Sold	10 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	45 000	92 000	99 000	659 000
Operating Profit	−15 000	−92 000	−99 000	1 946 000
Financial Income	0	0	0	2 000
Financial Costs	0	0	0	747 000
Financial Balance	0	0	0	−745 000
Dividends	0	0	0	2 696 000
Net Income	−11 000	−71 000	−77 000	1 068 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	88 000	84 000
Total Investments	0	0	0	0
Cash, Bank	25 000	10 000	46 000	16 000
Total Current Assets	25 000	10 000	134 000	2 965 000
Total Assets	25 000	10 000	134 000	2 965 000
Total Equity	−130 000	−118 000	−47 000	100 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	88 000	92 000	112 000	133 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	1 000	1 000
Dividends	0	0	0	2 696 000
Other Current Debt	66 000	37 000	68 000	2 731 000
Total Current Debt	66 000	37 000	69 000	2 732 000
Total Equity and Debt	25 000	10 000	134 000	2 965 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,46 %	60,17 %	163,83 %	1 068 %
Debt-to-Equity Ratio	−0,68	−0,78	−2,38	1,33
Operating Profit Margin	−50 %	-	-	74,7 %
Current Ratio	0,38	0,27	1,94	1,09
Quick Ratio	0,38	0,27	−7,05	1,12
Equity Ratio	−5,2	−11,8	−0,35	0,03
Gross Profit Margin	66,67 %	-	-	100 %