POLARKLIPP AS

9990 BÅTSFJORD

Finances

Share Ownership

Return on Equity

15,45 %

Current Ratio

2,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 473 000	1 196 000	1 178 000	960 000
Net Income	55 000	167 000	84 000	−27 000
Total Assets	701 000	595 000	401 000	331 000
Total Equity	356 000	301 000	134 000	50 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 473 000	1 196 000	1 178 000	960 000
Expenditure	1 401 000	991 000	1 091 000	985 000
Operating Profit	72 000	204 000	87 000	−24 000
Financial Income	0	0	0	0
Financial Costs	1 000	7 000	4 000	3 000
Financial Balance	−1 000	−7 000	−4 000	−3 000
Earnings Before Tax	71 000	197 000	84 000	−27 000
Tax	16 000	30 000	0	0
Net Income	55 000	167 000	84 000	−27 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 000	1 000	1 000	1 000
Total Current Assets	700 000	594 000	400 000	330 000
Total Assets	701 000	595 000	401 000	331 000
Total Retained Equity	256 000	201 000	34 000	−50 000
Total Equity	356 000	301 000	134 000	50 000
Total Long-Term Debt	0	0	0	7 000
Total Current Debt	345 000	294 000	267 000	273 000
Total Equity and Debt	701 000	595 000	401 000	331 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 461 000	1 071 000	1 122 000	950 000
Other Income	12 000	125 000	56 000	10 000
Revenue	1 473 000	1 196 000	1 178 000	960 000
Cost of Goods Sold	329 000	239 000	170 000	182 000
Salary Costs	663 000	366 000	550 000	441 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 401 000	991 000	1 091 000	985 000
Operating Profit	72 000	204 000	87 000	−24 000
Financial Income	0	0	0	0
Financial Costs	1 000	7 000	4 000	3 000
Financial Balance	−1 000	−7 000	−4 000	−3 000
Dividends	0	0	0	0
Net Income	55 000	167 000	84 000	−27 000

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	1 000	1 000	1 000	1 000
Total Fixed Assets	1 000	1 000	1 000	1 000
Stock	160 000	199 000	213 000	190 000
Total Investments	1 000	1 000	1 000	1 000
Cash, Bank	540 000	395 000	167 000	119 000
Total Current Assets	700 000	594 000	400 000	330 000
Total Assets	701 000	595 000	401 000	331 000
Total Equity	356 000	301 000	134 000	50 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	7 000
Creditors	119 000	94 000	97 000	108 000
Unpaid Taxes	92 000	86 000	72 000	69 000
Dividends	0	0	0	0
Other Current Debt	118 000	84 000	98 000	97 000
Total Current Debt	345 000	294 000	267 000	273 000
Total Equity and Debt	701 000	595 000	401 000	331 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,45 %	55,48 %	62,69 %	−54 %
Debt-to-Equity Ratio	0	0	0	0,14
Operating Profit Margin	4,89 %	17,06 %	7,39 %	−2,5 %
Current Ratio	2,03	2,02	1,5	1,21
Quick Ratio	3,78	6,25	7,41	3,98
Equity Ratio	0,51	0,51	0,33	0,15
Gross Profit Margin	77,66 %	80,02 %	85,57 %	81,04 %