POLAR QUALITY AS

8006 BODØ

Finances

Return on Equity

38,5 %

Current Ratio

1,26

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 166 077 000	1 707 544 000	1 452 294 000	1 433 733 000
Net Income	28 543 000	14 125 000	−19 865 000	8 837 000
Total Assets	314 409 000	280 874 000	276 551 000	274 965 000
Total Equity	74 133 000	45 590 000	31 465 000	51 330 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 166 077 000	1 707 544 000	1 452 294 000	1 433 733 000
Expenditure	2 125 597 000	1 693 997 000	1 465 638 000	1 422 184 000
Operating Profit	40 480 000	13 546 000	−13 344 000	11 549 000
Financial Income	1 215 000	1 487 000	968 000	1 639 000
Financial Costs	4 867 000	−1 959 000	11 646 000	1 597 000
Financial Balance	−3 652 000	3 446 000	−10 678 000	42 000
Earnings Before Tax	36 827 000	16 992 000	−24 022 000	11 590 000
Tax	8 284 000	2 866 000	−4 157 000	2 753 000
Net Income	28 543 000	14 125 000	−19 865 000	8 837 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 360 000	17 895 000	16 118 000	11 057 000
Total Current Assets	298 050 000	262 978 000	260 433 000	263 907 000
Total Assets	314 409 000	280 874 000	276 551 000	274 965 000
Total Retained Equity	68 377 000	39 834 000	25 708 000	45 573 000
Total Equity	74 133 000	45 590 000	31 465 000	51 330 000
Total Long-Term Debt	4 375 000	11 875 000	30 000 000	2 000
Total Current Debt	235 901 000	223 408 000	215 086 000	223 633 000
Total Equity and Debt	314 409 000	280 874 000	276 551 000	274 965 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 165 923 000	1 707 544 000	1 452 294 000	1 433 733 000
Other Income	153 000	0	0	0
Revenue	2 166 077 000	1 707 544 000	1 452 294 000	1 433 733 000
Cost of Goods Sold	2 004 898 000	1 600 347 000	1 375 356 000	1 348 996 000
Salary Costs	15 569 000	11 972 000	8 437 000	10 281 000
Depreciation	129 000	105 000	216 000	217 000
Impairment	0	0	0	0
Expenditure	2 125 597 000	1 693 997 000	1 465 638 000	1 422 184 000
Operating Profit	40 480 000	13 546 000	−13 344 000	11 549 000
Financial Income	1 215 000	1 487 000	968 000	1 639 000
Financial Costs	4 867 000	−1 959 000	11 646 000	1 597 000
Financial Balance	−3 652 000	3 446 000	−10 678 000	42 000
Dividends	0	0	0	0
Net Income	28 543 000	14 125 000	−19 865 000	8 837 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	498 000	1 910 000	4 777 000	0
Real Eastate	1 312 000	1 342 000	1 372 000	1 402 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	131 000	87 000	162 000	348 000
Total Tangible Assets	1 443 000	1 429 000	1 534 000	1 750 000
Total Fiancial Fixed Assets	14 419 000	14 556 000	9 807 000	9 307 000
Total Fixed Assets	16 360 000	17 895 000	16 118 000	11 057 000
Stock	75 597 000	23 880 000	77 178 000	65 541 000
Total Investments	0	0	0	0
Cash, Bank	435 000	432 000	489 000	3 274 000
Total Current Assets	298 050 000	262 978 000	260 433 000	263 907 000
Total Assets	314 409 000	280 874 000	276 551 000	274 965 000
Total Equity	74 133 000	45 590 000	31 465 000	51 330 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 375 000	11 875 000	30 000 000	2 000
Creditors	139 164 000	167 899 000	132 135 000	120 952 000
Unpaid Taxes	836 000	650 000	601 000	539 000
Dividends	0	0	0	0
Other Current Debt	12 466 000	4 432 000	1 064 000	2 804 000
Total Current Debt	235 901 000	223 408 000	215 086 000	223 633 000
Total Equity and Debt	314 409 000	280 874 000	276 551 000	274 965 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,5 %	30,98 %	−63,13 %	17,22 %
Debt-to-Equity Ratio	0,06	0,26	0,95	0
Operating Profit Margin	1,87 %	0,79 %	−0,92 %	0,81 %
Current Ratio	1,26	1,18	1,21	1,18
Quick Ratio	1,86	1,32	1,89	1,67
Equity Ratio	0,24	0,16	0,11	0,19
Gross Profit Margin	7,44 %	6,28 %	5,3 %	5,91 %