POLARGODT AS

6070 TJØRVÅG

Finances

Return on Equity

−24,11 %

Current Ratio

0,71

Debt-to-Equity Ratio

7,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 345 000	601 000	3 056 000	1 714 000
Net Income	−61 000	−744 000	1 240 000	−101 000
Total Assets	4 152 000	3 664 000	2 837 000	996 000
Total Equity	253 000	271 000	1 016 000	−224 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 345 000	601 000	3 056 000	1 714 000
Expenditure	2 303 000	1 221 000	1 742 000	1 699 000
Operating Profit	125 000	−621 000	1 314 000	14 000
Financial Income	0	0	0	0
Financial Costs	186 000	124 000	75 000	116 000
Financial Balance	−186 000	−124 000	−75 000	−116 000
Earnings Before Tax	−61 000	−744 000	1 240 000	−101 000
Tax	0	0	0	0
Net Income	−61 000	−744 000	1 240 000	−101 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 657 000	3 181 000	536 000	648 000
Total Current Assets	1 495 000	483 000	2 301 000	349 000
Total Assets	4 152 000	3 664 000	2 837 000	996 000
Total Retained Equity	143 000	161 000	906 000	−334 000
Total Equity	253 000	271 000	1 016 000	−224 000
Total Long-Term Debt	1 797 000	1 932 000	953 000	1 063 000
Total Current Debt	2 102 000	1 461 000	868 000	158 000
Total Equity and Debt	4 152 000	3 664 000	2 837 000	996 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 085 000	366 000	1 498 000	1 640 000
Other Income	260 000	235 000	1 558 000	74 000
Revenue	2 345 000	601 000	3 056 000	1 714 000
Cost of Goods Sold	410 000	21 000	576 000	506 000
Salary Costs	719 000	319 000	570 000	452 000
Depreciation	117 000	45 000	42 000	50 000
Impairment	0	0	0	0
Expenditure	2 303 000	1 221 000	1 742 000	1 699 000
Operating Profit	125 000	−621 000	1 314 000	14 000
Financial Income	0	0	0	0
Financial Costs	186 000	124 000	75 000	116 000
Financial Balance	−186 000	−124 000	−75 000	−116 000
Dividends	0	0	0	0
Net Income	−61 000	−744 000	1 240 000	−101 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	112 000
Machinery and Plant Facilities	16 000	425 000	427 000	434 000
Fixtures	244 000	306 000	108 000	101 000
Total Tangible Assets	1 007 000	1 531 000	536 000	648 000
Total Fiancial Fixed Assets	1 650 000	1 650 000	0	0
Total Fixed Assets	2 657 000	3 181 000	536 000	648 000
Stock	288 000	145 000	145 000	525 000
Total Investments	0	0	0	0
Cash, Bank	39 000	67 000	17 000	−769 000
Total Current Assets	1 495 000	483 000	2 301 000	349 000
Total Assets	4 152 000	3 664 000	2 837 000	996 000
Total Equity	253 000	271 000	1 016 000	−224 000
Short-Term Group Debt	454 000	0	0	0
Total Long-Term Debt	1 797 000	1 932 000	953 000	1 063 000
Creditors	292 000	292 000	166 000	64 000
Unpaid Taxes	246 000	43 000	19 000	5 000
Dividends	0	0	0	0
Other Current Debt	305 000	332 000	100 000	88 000
Total Current Debt	2 102 000	1 461 000	868 000	158 000
Total Equity and Debt	4 152 000	3 664 000	2 837 000	996 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−24,11 %	−274,54 %	122,05 %	45,09 %
Debt-to-Equity Ratio	7,1	7,13	0,94	−4,75
Operating Profit Margin	5,33 %	−103,33 %	43 %	0,82 %
Current Ratio	0,71	0,33	2,65	2,21
Quick Ratio	0,82	0,37	3,18	−0,95
Equity Ratio	0,06	0,07	0,36	−0,22
Gross Profit Margin	82,52 %	96,51 %	81,15 %	70,48 %