POLAR INVEST AS

4916 BORØY

Finances

Share Ownership

Return on Equity

−2,59 %

Current Ratio

27,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	570 000	189 000
Net Income	−182 000	−167 000	16 000	−175 000
Total Assets	7 193 000	7 554 000	8 179 000	8 285 000
Total Equity	7 028 000	7 360 000	7 858 000	7 841 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	570 000	189 000
Expenditure	238 000	416 000	521 000	395 000
Operating Profit	−239 000	−416 000	49 000	−205 000
Financial Income	18 000	174 000	1 000	4 000
Financial Costs	13 000	19 000	29 000	23 000
Financial Balance	5 000	155 000	−28 000	−19 000
Earnings Before Tax	−234 000	−262 000	21 000	−224 000
Tax	−51 000	−94 000	5 000	−49 000
Net Income	−182 000	−167 000	16 000	−175 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 581 000	2 542 000	4 998 000	6 478 000
Total Current Assets	4 612 000	5 012 000	3 182 000	1 807 000
Total Assets	7 193 000	7 554 000	8 179 000	8 285 000
Total Retained Equity	6 928 000	7 260 000	7 758 000	7 741 000
Total Equity	7 028 000	7 360 000	7 858 000	7 841 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	165 000	194 000	322 000	444 000
Total Equity and Debt	7 193 000	7 554 000	8 179 000	8 285 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	10 000
Other Income	0	0	570 000	179 000
Revenue	0	0	570 000	189 000
Cost of Goods Sold	0	0	0	22 000
Salary Costs	0	0	20 000	39 000
Depreciation	12 000	12 000	15 000	0
Impairment	0	0	0	0
Expenditure	238 000	416 000	521 000	395 000
Operating Profit	−239 000	−416 000	49 000	−205 000
Financial Income	18 000	174 000	1 000	4 000
Financial Costs	13 000	19 000	29 000	23 000
Financial Balance	5 000	155 000	−28 000	−19 000
Dividends	0	0	0	0
Net Income	−182 000	−167 000	16 000	−175 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	979 000	927 000	833 000	837 000
Real Eastate	1 566 000	1 566 000	3 603 000	5 641 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	37 000	50 000	62 000	0
Total Tangible Assets	1 603 000	1 615 000	3 665 000	5 641 000
Total Fiancial Fixed Assets	0	0	500 000	0
Total Fixed Assets	2 581 000	2 542 000	4 998 000	6 478 000
Stock	2 000	2 000	2 000	2 000
Total Investments	0	0	0	0
Cash, Bank	2 856 000	3 330 000	1 520 000	144 000
Total Current Assets	4 612 000	5 012 000	3 182 000	1 807 000
Total Assets	7 193 000	7 554 000	8 179 000	8 285 000
Total Equity	7 028 000	7 360 000	7 858 000	7 841 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	9 000	0	0	2 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	38 000	97 000	25 000
Total Current Debt	165 000	194 000	322 000	444 000
Total Equity and Debt	7 193 000	7 554 000	8 179 000	8 285 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,59 %	−2,27 %	0,2 %	−2,23 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	8,6 %	−108,47 %
Current Ratio	27,95	25,84	9,88	4,07
Quick Ratio	28,29	26,1	9,94	4,09
Equity Ratio	0,98	0,97	0,96	0,95
Gross Profit Margin	-	-	100 %	88,36 %