POLARCOM AS

9020 TROMSDALEN

Finances

Return on Equity

5,88 %

Current Ratio

2,36

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 298 000	7 948 000	9 310 000	8 235 000
Net Income	226 000	143 000	566 000	78 000
Total Assets	5 788 000	5 218 000	5 448 000	4 660 000
Total Equity	3 842 000	3 617 000	3 474 000	3 508 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 298 000	7 948 000	9 310 000	8 235 000
Expenditure	8 021 000	7 773 000	8 585 000	8 180 000
Operating Profit	277 000	175 000	725 000	55 000
Financial Income	13 000	12 000	14 000	102 000
Financial Costs	1 000	5 000	17 000	68 000
Financial Balance	12 000	7 000	−3 000	34 000
Earnings Before Tax	289 000	183 000	723 000	88 000
Tax	64 000	40 000	157 000	10 000
Net Income	226 000	143 000	566 000	78 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 190 000	1 279 000	1 143 000	910 000
Total Current Assets	4 598 000	3 939 000	4 304 000	3 750 000
Total Assets	5 788 000	5 218 000	5 448 000	4 660 000
Total Retained Equity	3 642 000	3 417 000	3 274 000	2 708 000
Total Equity	3 842 000	3 617 000	3 474 000	3 508 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 945 000	1 601 000	1 974 000	1 152 000
Total Equity and Debt	5 788 000	5 218 000	5 448 000	4 660 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 283 000	7 948 000	9 310 000	8 235 000
Other Income	15 000	0	0	0
Revenue	8 298 000	7 948 000	9 310 000	8 235 000
Cost of Goods Sold	3 153 000	3 236 000	3 640 000	3 417 000
Salary Costs	3 716 000	3 348 000	3 736 000	3 611 000
Depreciation	16 000	16 000	76 000	76 000
Impairment	0	0	0	0
Expenditure	8 021 000	7 773 000	8 585 000	8 180 000
Operating Profit	277 000	175 000	725 000	55 000
Financial Income	13 000	12 000	14 000	102 000
Financial Costs	1 000	5 000	17 000	68 000
Financial Balance	12 000	7 000	−3 000	34 000
Dividends	0	0	0	0
Net Income	226 000	143 000	566 000	78 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 000	23 000	26 000	18 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	24 000	40 000	56 000	93 000
Total Tangible Assets	24 000	40 000	56 000	93 000
Total Fiancial Fixed Assets	1 147 000	1 216 000	1 061 000	800 000
Total Fixed Assets	1 190 000	1 279 000	1 143 000	910 000
Stock	1 293 000	1 079 000	1 277 000	1 171 000
Total Investments	0	0	0	0
Cash, Bank	1 287 000	1 547 000	1 222 000	1 681 000
Total Current Assets	4 598 000	3 939 000	4 304 000	3 750 000
Total Assets	5 788 000	5 218 000	5 448 000	4 660 000
Total Equity	3 842 000	3 617 000	3 474 000	3 508 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	552 000	247 000	324 000	379 000
Unpaid Taxes	520 000	499 000	546 000	273 000
Dividends	0	0	0	0
Other Current Debt	813 000	842 000	995 000	492 000
Total Current Debt	1 945 000	1 601 000	1 974 000	1 152 000
Total Equity and Debt	5 788 000	5 218 000	5 448 000	4 660 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,88 %	3,95 %	16,29 %	2,22 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,34 %	2,2 %	7,79 %	0,67 %
Current Ratio	2,36	2,46	2,18	3,26
Quick Ratio	7,05	7,55	6,18	−197,37
Equity Ratio	0,66	0,69	0,64	0,75
Gross Profit Margin	62 %	59,29 %	60,9 %	58,51 %