POLAR ELECTRO NORGE AS

0667 OSLO

Finances

Share Ownership

Return on Equity

7 %

Current Ratio

3,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 161 000	49 832 000	74 829 000	70 344 000
Net Income	661 000	1 148 000	1 977 000	334 000
Total Assets	12 695 000	21 815 000	27 820 000	30 184 000
Total Equity	9 442 000	8 780 000	16 632 000	14 655 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 161 000	49 832 000	74 829 000	70 344 000
Expenditure	28 040 000	48 367 000	72 098 000	69 788 000
Operating Profit	1 120 000	1 465 000	2 730 000	556 000
Financial Income	55 000	126 000	133 000	162 000
Financial Costs	324 000	111 000	315 000	285 000
Financial Balance	−269 000	15 000	−182 000	−123 000
Earnings Before Tax	851 000	1 480 000	2 549 000	433 000
Tax	190 000	331 000	571 000	99 000
Net Income	661 000	1 148 000	1 977 000	334 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	115 000	127 000	145 000	197 000
Total Current Assets	12 581 000	21 688 000	27 675 000	29 987 000
Total Assets	12 695 000	21 815 000	27 820 000	30 184 000
Total Retained Equity	9 342 000	8 680 000	16 532 000	14 555 000
Total Equity	9 442 000	8 780 000	16 632 000	14 655 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 253 000	13 035 000	11 188 000	15 529 000
Total Equity and Debt	12 695 000	21 815 000	27 820 000	30 184 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 161 000	49 832 000	74 829 000	70 344 000
Other Income	0	0	0	0
Revenue	29 161 000	49 832 000	74 829 000	70 344 000
Cost of Goods Sold	14 368 000	33 699 000	57 670 000	52 809 000
Salary Costs	4 054 000	4 810 000	5 155 000	5 827 000
Depreciation	10 000	29 000	56 000	82 000
Impairment	0	0	0	0
Expenditure	28 040 000	48 367 000	72 098 000	69 788 000
Operating Profit	1 120 000	1 465 000	2 730 000	556 000
Financial Income	55 000	126 000	133 000	162 000
Financial Costs	324 000	111 000	315 000	285 000
Financial Balance	−269 000	15 000	−182 000	−123 000
Dividends	0	9 000 000	0	16 000 000
Net Income	661 000	1 148 000	1 977 000	334 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 000	9 000	10 000	5 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	12 000
Fixtures	109 000	119 000	135 000	180 000
Total Tangible Assets	109 000	119 000	135 000	192 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	115 000	127 000	145 000	197 000
Stock	975 000	1 030 000	1 531 000	2 052 000
Total Investments	0	0	0	0
Cash, Bank	5 572 000	14 519 000	15 932 000	5 964 000
Total Current Assets	12 581 000	21 688 000	27 675 000	29 987 000
Total Assets	12 695 000	21 815 000	27 820 000	30 184 000
Total Equity	9 442 000	8 780 000	16 632 000	14 655 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 074 000	1 072 000	7 252 000	10 540 000
Unpaid Taxes	478 000	1 292 000	1 233 000	782 000
Dividends	0	9 000 000	0	16 000 000
Other Current Debt	1 515 000	1 341 000	2 128 000	4 129 000
Total Current Debt	3 253 000	13 035 000	11 188 000	15 529 000
Total Equity and Debt	12 695 000	21 815 000	27 820 000	30 184 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7 %	13,08 %	11,89 %	2,28 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,84 %	2,94 %	3,65 %	0,79 %
Current Ratio	3,87	1,66	2,47	1,93
Quick Ratio	5,52	1,81	2,87	2,23
Equity Ratio	0,74	0,4	0,6	0,49
Gross Profit Margin	50,73 %	32,37 %	22,93 %	24,93 %