POLAR VARME AS

5337 RONG

Finances

Share Ownership

Return on Equity

138,48 %

Current Ratio

Debt-to-Equity Ratio

−1,52

Key figures (NOK)	2021	2020	2019	2018
Revenue	38 534 000	31 750 000	44 434 000	46 728 000
Net Income	−1 580 000	−865 000	231 000	−727 000
Total Assets	7 103 000	3 719 000	5 013 000	4 681 000
Total Equity	−1 141 000	439 000	1 304 000	1 073 000

Income (NOK)	2021	2020	2019	2018
Revenue	38 534 000	31 750 000	44 434 000	46 728 000
Expenditure	40 040 000	32 659 000	44 081 000	47 336 000
Operating Profit	−1 433 000	−795 000	368 000	−608 000
Financial Income	38 000	8 000	11 000	6 000
Financial Costs	185 000	78 000	148 000	125 000
Financial Balance	−147 000	−70 000	−137 000	−119 000
Earnings Before Tax	−1 580 000	−865 000	231 000	−727 000
Tax	0	0	0	0
Net Income	−1 580 000	−865 000	231 000	−727 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	607 000	684 000	860 000	784 000
Total Current Assets	6 496 000	3 034 000	4 153 000	3 898 000
Total Assets	7 103 000	3 719 000	5 013 000	4 681 000
Total Retained Equity	−1 241 000	339 000	1 204 000	973 000
Total Equity	−1 141 000	439 000	1 304 000	1 073 000
Total Long-Term Debt	1 732 000	1 387 000	1 572 000	1 548 000
Total Current Debt	6 512 000	1 892 000	2 137 000	2 060 000
Total Equity and Debt	7 103 000	3 719 000	5 013 000	4 681 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	38 534 000	31 750 000	44 434 000	46 728 000
Other Income	0	0	0	0
Revenue	38 534 000	31 750 000	44 434 000	46 728 000
Cost of Goods Sold	35 399 000	28 444 000	39 560 000	42 608 000
Salary Costs	1 371 000	1 567 000	1 963 000	2 230 000
Depreciation	119 000	97 000	106 000	116 000
Impairment	0	0	0	0
Expenditure	40 040 000	32 659 000	44 081 000	47 336 000
Operating Profit	−1 433 000	−795 000	368 000	−608 000
Financial Income	38 000	8 000	11 000	6 000
Financial Costs	185 000	78 000	148 000	125 000
Financial Balance	−147 000	−70 000	−137 000	−119 000
Dividends	0	0	0	0
Net Income	−1 580 000	−865 000	231 000	−727 000

Balance details (NOK)	2021	2020	2019	2018
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	531 000	529 000	626 000	470 000
Total Tangible Assets	531 000	529 000	626 000	470 000
Total Fiancial Fixed Assets	76 000	155 000	234 000	313 000
Total Fixed Assets	607 000	684 000	860 000	784 000
Stock	437 000	364 000	250 000	233 000
Total Investments	0	0	0	0
Cash, Bank	78 000	59 000	207 000	120 000
Total Current Assets	6 496 000	3 034 000	4 153 000	3 898 000
Total Assets	7 103 000	3 719 000	5 013 000	4 681 000
Total Equity	−1 141 000	439 000	1 304 000	1 073 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 732 000	1 387 000	1 572 000	1 548 000
Creditors	5 907 000	1 366 000	1 795 000	1 656 000
Unpaid Taxes	173 000	271 000	190 000	225 000
Dividends	0	0	0	0
Other Current Debt	111 000	133 000	151 000	179 000
Total Current Debt	6 512 000	1 892 000	2 137 000	2 060 000
Total Equity and Debt	7 103 000	3 719 000	5 013 000	4 681 000

Financial indicators	2021	2020	2019	2018
Return on Equity	138,48 %	−197,04 %	17,71 %	−67,75 %
Debt-to-Equity Ratio	−1,52	3,16	1,21	1,44
Operating Profit Margin	−3,72 %	−2,5 %	0,83 %	−1,3 %
Current Ratio	1	1,6	1,94	1,89
Quick Ratio	1,07	1,99	2,2	2,13
Equity Ratio	−0,16	0,12	0,26	0,23
Gross Profit Margin	8,14 %	10,41 %	10,97 %	8,82 %