POLAR TUGS AS

8820 DØNNA

Finances

Share Ownership

Return on Equity

−56,15 %

Current Ratio

0,61

Debt-to-Equity Ratio

3,62

Key figures (NOK)	2020	2019	2018	2017
Revenue	52 214 000	43 722 000	33 923 000	30 336 000
Net Income	−2 345 000	2 432 000	93 000	1 844 000
Total Assets	38 423 000	39 170 000	35 497 000	16 345 000
Total Equity	4 176 000	6 521 000	3 601 000	3 508 000

Income (NOK)	2020	2019	2018	2017
Revenue	52 214 000	43 722 000	33 923 000	30 336 000
Expenditure	53 733 000	38 403 000	32 905 000	27 747 000
Operating Profit	−1 518 000	5 319 000	1 019 000	2 589 000
Financial Income	45 000	26 000	0	1 000
Financial Costs	1 551 000	2 206 000	904 000	613 000
Financial Balance	−1 506 000	−2 180 000	−904 000	−612 000
Earnings Before Tax	−3 025 000	3 139 000	115 000	1 976 000
Tax	−680 000	707 000	22 000	132 000
Net Income	−2 345 000	2 432 000	93 000	1 844 000

Balance (NOK)	2020	2019	2018	2017
Total Fixed Assets	26 832 000	26 465 000	20 880 000	10 277 000
Total Current Assets	11 591 000	12 705 000	14 617 000	6 068 000
Total Assets	38 423 000	39 170 000	35 497 000	16 345 000
Total Retained Equity	2 681 000	5 025 000	2 594 000	2 501 000
Total Equity	4 176 000	6 521 000	3 601 000	3 508 000
Total Long-Term Debt	15 111 000	15 148 000	12 534 000	4 922 000
Total Current Debt	19 137 000	17 501 000	19 362 000	7 915 000
Total Equity and Debt	38 423 000	39 170 000	35 497 000	16 345 000

Cash flow (NOK)	2020	2019	2018	2017
Sales Income	52 214 000	43 722 000	33 904 000	30 336 000
Other Income	0	0	19 000	0
Revenue	52 214 000	43 722 000	33 923 000	30 336 000
Cost of Goods Sold	640 000	95 000	−340 000	281 000
Salary Costs	24 272 000	19 702 000	17 699 000	16 073 000
Depreciation	3 504 000	276 000	1 078 000	1 003 000
Impairment	2 500 000	0	0	0
Expenditure	53 733 000	38 403 000	32 905 000	27 747 000
Operating Profit	−1 518 000	5 319 000	1 019 000	2 589 000
Financial Income	45 000	26 000	0	1 000
Financial Costs	1 551 000	2 206 000	904 000	613 000
Financial Balance	−1 506 000	−2 180 000	−904 000	−612 000
Dividends	0	0	0	0
Net Income	−2 345 000	2 432 000	93 000	1 844 000

Balance details (NOK)	2020	2019	2018	2017
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	1 726 000	1 339 000	1 503 000	514 000
Total Tangible Assets	26 695 000	26 277 000	20 692 000	10 042 000
Total Fiancial Fixed Assets	137 000	188 000	188 000	235 000
Total Fixed Assets	26 832 000	26 465 000	20 880 000	10 277 000
Stock	568 000	904 000	930 000	538 000
Total Investments	0	0	0	0
Cash, Bank	1 089 000	340 000	832 000	729 000
Total Current Assets	11 591 000	12 705 000	14 617 000	6 068 000
Total Assets	38 423 000	39 170 000	35 497 000	16 345 000
Total Equity	4 176 000	6 521 000	3 601 000	3 508 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	15 111 000	15 148 000	12 534 000	4 922 000
Creditors	2 319 000	6 700 000	8 413 000	3 885 000
Unpaid Taxes	9 013 000	2 888 000	2 295 000	1 660 000
Dividends	0	0	0	0
Other Current Debt	1 872 000	1 731 000	2 901 000	344 000
Total Current Debt	19 137 000	17 501 000	19 362 000	7 915 000
Total Equity and Debt	38 423 000	39 170 000	35 497 000	16 345 000

Financial indicators	2020	2019	2018	2017
Return on Equity	−56,15 %	37,29 %	2,58 %	52,57 %
Debt-to-Equity Ratio	3,62	2,32	3,48	1,4
Operating Profit Margin	−2,91 %	12,17 %	3 %	8,53 %
Current Ratio	0,61	0,73	0,75	0,77
Quick Ratio	0,62	0,77	0,79	0,82
Equity Ratio	0,11	0,17	0,1	0,21
Gross Profit Margin	98,77 %	99,78 %	101 %	99,07 %