POLYAR TANKERS AS

0381 OSLO

Finances

Share Ownership

Return on Equity

58,59 %

Current Ratio

4,74

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 520 000	5 060 000	7 915 000	7 780 000
Net Income	3 108 000	−118 000	2 424 000	2 493 000
Total Assets	7 612 000	3 670 000	5 249 000	5 845 000
Total Equity	5 305 000	2 197 000	2 315 000	890 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 520 000	5 060 000	7 915 000	7 780 000
Expenditure	4 488 000	5 203 000	4 796 000	4 599 000
Operating Profit	4 032 000	−143 000	3 118 000	3 182 000
Financial Income	47 000	0	72 000	40 000
Financial Costs	88 000	0	80 000	21 000
Financial Balance	−41 000	0	−8 000	19 000
Earnings Before Tax	3 991 000	−143 000	3 109 000	3 201 000
Tax	883 000	−25 000	685 000	708 000
Net Income	3 108 000	−118 000	2 424 000	2 493 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	192 000	223 000	201 000	29 000
Total Current Assets	7 420 000	3 448 000	5 048 000	5 815 000
Total Assets	7 612 000	3 670 000	5 249 000	5 845 000
Total Retained Equity	5 105 000	1 997 000	2 115 000	690 000
Total Equity	5 305 000	2 197 000	2 315 000	890 000
Total Long-Term Debt	739 000	652 000	652 000	652 000
Total Current Debt	1 567 000	822 000	2 282 000	4 303 000
Total Equity and Debt	7 612 000	3 670 000	5 249 000	5 845 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 520 000	5 060 000	7 915 000	7 780 000
Other Income	0	0	0	0
Revenue	8 520 000	5 060 000	7 915 000	7 780 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 338 000	4 146 000	3 927 000	3 572 000
Depreciation	0	4 000	15 000	15 000
Impairment	0	0	0	0
Expenditure	4 488 000	5 203 000	4 796 000	4 599 000
Operating Profit	4 032 000	−143 000	3 118 000	3 182 000
Financial Income	47 000	0	72 000	40 000
Financial Costs	88 000	0	80 000	21 000
Financial Balance	−41 000	0	−8 000	19 000
Dividends	0	0	1 000 000	3 000 000
Net Income	3 108 000	−118 000	2 424 000	2 493 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 000	36 000	11 000	11 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	187 000	187 000	190 000	19 000
Total Tangible Assets	187 000	187 000	190 000	19 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	192 000	223 000	201 000	29 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	7 312 000	3 281 000	4 970 000	5 718 000
Total Current Assets	7 420 000	3 448 000	5 048 000	5 815 000
Total Assets	7 612 000	3 670 000	5 249 000	5 845 000
Total Equity	5 305 000	2 197 000	2 315 000	890 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	739 000	652 000	652 000	652 000
Creditors	32 000	26 000	11 000	10 000
Unpaid Taxes	407 000	460 000	267 000	253 000
Dividends	0	0	1 000 000	3 000 000
Other Current Debt	276 000	335 000	319 000	333 000
Total Current Debt	1 567 000	822 000	2 282 000	4 303 000
Total Equity and Debt	7 612 000	3 670 000	5 249 000	5 845 000

Financial indicators	2022	2021	2020	2019
Return on Equity	58,59 %	−5,37 %	104,71 %	280,11 %
Debt-to-Equity Ratio	0,14	0,3	0,28	0,73
Operating Profit Margin	47,32 %	−2,83 %	39,39 %	40,9 %
Current Ratio	4,74	4,19	2,21	1,35
Quick Ratio	4,74	4,19	2,21	1,35
Equity Ratio	0,7	0,6	0,44	0,15
Gross Profit Margin	100 %	100 %	100 %	100 %