POLAR EIENDOM AS

6070 TJØRVÅG

Finances

Share Ownership

Return on Equity

−9,02 %

Current Ratio

4,42

Debt-to-Equity Ratio

−1,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	240 000	240 000	224 000	182 000
Net Income	112 000	54 000	72 000	112 000
Total Assets	73 000	27 000	45 000	211 000
Total Equity	−1 241 000	−1 353 000	−1 407 000	−1 479 000

Income (NOK)	2022	2021	2020	2019
Revenue	240 000	240 000	224 000	182 000
Expenditure	55 000	119 000	95 000	12 000
Operating Profit	184 000	120 000	128 000	171 000
Financial Income	0	0	0	0
Financial Costs	72 000	67 000	56 000	58 000
Financial Balance	−72 000	−67 000	−56 000	−58 000
Earnings Before Tax	112 000	54 000	72 000	112 000
Tax	0	0	0	0
Net Income	112 000	54 000	72 000	112 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 000	20 000	38 000	156 000
Total Current Assets	53 000	7 000	7 000	54 000
Total Assets	73 000	27 000	45 000	211 000
Total Retained Equity	−1 591 000	−1 703 000	−1 757 000	−1 829 000
Total Equity	−1 241 000	−1 353 000	−1 407 000	−1 479 000
Total Long-Term Debt	1 303 000	1 288 000	1 349 000	1 689 000
Total Current Debt	12 000	91 000	103 000	0
Total Equity and Debt	73 000	27 000	45 000	211 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	240 000	0	0	0
Other Income	0	240 000	224 000	182 000
Revenue	240 000	240 000	224 000	182 000
Cost of Goods Sold	1 000	0	0	0
Salary Costs	0	3 000	0	0
Depreciation	0	18 000	18 000	2 000
Impairment	0	0	0	0
Expenditure	55 000	119 000	95 000	12 000
Operating Profit	184 000	120 000	128 000	171 000
Financial Income	0	0	0	0
Financial Costs	72 000	67 000	56 000	58 000
Financial Balance	−72 000	−67 000	−56 000	−58 000
Dividends	0	0	0	0
Net Income	112 000	54 000	72 000	112 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	20 000	20 000	38 000	56 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	20 000	20 000	38 000	56 000
Total Fiancial Fixed Assets	0	0	0	100 000
Total Fixed Assets	20 000	20 000	38 000	156 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	26 000	1 000	1 000	54 000
Total Current Assets	53 000	7 000	7 000	54 000
Total Assets	73 000	27 000	45 000	211 000
Total Equity	−1 241 000	−1 353 000	−1 407 000	−1 479 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 303 000	1 288 000	1 349 000	1 689 000
Creditors	4 000	33 000	1 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	7 000	59 000	81 000	0
Total Current Debt	12 000	91 000	103 000	0
Total Equity and Debt	73 000	27 000	45 000	211 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,02 %	−3,99 %	−5,12 %	−7,57 %
Debt-to-Equity Ratio	−1,05	−0,95	−0,96	−1,14
Operating Profit Margin	76,67 %	50 %	57,14 %	93,96 %
Current Ratio	4,42	0,08	0,07	-
Quick Ratio	4,42	0,08	0,07	-
Equity Ratio	−17	−50,11	−31,27	−7,01
Gross Profit Margin	99,58 %	100 %	100 %	100 %