POLARIS NORWAY AS

1831 ASKIM

Finances

Share Ownership

Return on Equity

27,42 %

Current Ratio

1,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	495 464 000	376 271 000	331 011 000	373 757 000
Net Income	24 879 000	12 050 000	7 758 000	8 106 000
Total Assets	240 986 000	117 856 000	152 109 000	134 805 000
Total Equity	90 726 000	67 002 000	54 613 000	46 444 000

Income (NOK)	2022	2021	2020	2019
Revenue	495 464 000	376 271 000	331 011 000	373 757 000
Expenditure	463 271 000	360 764 000	321 030 000	363 286 000
Operating Profit	32 193 000	15 507 000	9 980 000	10 471 000
Financial Income	153 000	187 000	185 000	307 000
Financial Costs	702 000	129 000	18 000	22 000
Financial Balance	−549 000	58 000	167 000	285 000
Earnings Before Tax	31 644 000	15 565 000	10 147 000	10 756 000
Tax	6 766 000	3 515 000	2 389 000	2 650 000
Net Income	24 879 000	12 050 000	7 758 000	8 106 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 353 000	2 038 000	1 775 000	1 634 000
Total Current Assets	237 634 000	115 818 000	150 333 000	133 171 000
Total Assets	240 986 000	117 856 000	152 109 000	134 805 000
Total Retained Equity	79 287 000	56 185 000	45 266 000	38 494 000
Total Equity	90 726 000	67 002 000	54 613 000	46 444 000
Total Long-Term Debt	289 000	615 000	829 000	772 000
Total Current Debt	149 972 000	50 240 000	96 667 000	87 589 000
Total Equity and Debt	240 986 000	117 856 000	152 109 000	134 805 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	495 394 000	376 243 000	330 985 000	373 733 000
Other Income	70 000	28 000	26 000	24 000
Revenue	495 464 000	376 271 000	331 011 000	373 757 000
Cost of Goods Sold	430 135 000	332 307 000	295 796 000	333 792 000
Salary Costs	14 740 000	14 451 000	13 105 000	13 344 000
Depreciation	149 000	140 000	328 000	360 000
Impairment	18 247 000	0	0	0
Expenditure	463 271 000	360 764 000	321 030 000	363 286 000
Operating Profit	32 193 000	15 507 000	9 980 000	10 471 000
Financial Income	153 000	187 000	185 000	307 000
Financial Costs	702 000	129 000	18 000	22 000
Financial Balance	−549 000	58 000	167 000	285 000
Dividends	0	0	0	0
Net Income	24 879 000	12 050 000	7 758 000	8 106 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 446 000	1 693 000	1 374 000	978 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	906 000	345 000	402 000	656 000
Total Tangible Assets	906 000	345 000	402 000	656 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 353 000	2 038 000	1 775 000	1 634 000
Stock	16 691 000	11 283 000	7 054 000	6 479 000
Total Investments	0	0	0	0
Cash, Bank	14 413 000	6 530 000	7 646 000	8 955 000
Total Current Assets	237 634 000	115 818 000	150 333 000	133 171 000
Total Assets	240 986 000	117 856 000	152 109 000	134 805 000
Total Equity	90 726 000	67 002 000	54 613 000	46 444 000
Short-Term Group Debt	0	0	0	24 007 000
Total Long-Term Debt	289 000	615 000	829 000	772 000
Creditors	94 508 000	1 645 000	43 483 000	40 371 000
Unpaid Taxes	23 626 000	17 777 000	24 593 000	20 867 000
Dividends	0	0	0	0
Other Current Debt	24 319 000	26 983 000	25 807 000	0
Total Current Debt	149 972 000	50 240 000	96 667 000	87 589 000
Total Equity and Debt	240 986 000	117 856 000	152 109 000	134 805 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,42 %	17,98 %	14,21 %	17,45 %
Debt-to-Equity Ratio	0	0,01	0,02	0,02
Operating Profit Margin	6,5 %	4,12 %	3,02 %	2,8 %
Current Ratio	1,58	2,31	1,56	1,52
Quick Ratio	1,78	2,97	1,68	1,64
Equity Ratio	0,38	0,57	0,36	0,34
Gross Profit Margin	13,19 %	11,68 %	10,64 %	10,69 %