POLAR HOTELL AS

9990 BÅTSFJORD

Finances

Share Ownership

Return on Equity

20,93 %

Current Ratio

0,05

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 110 000	3 079 000	1 518 000	2 583 000
Net Income	−1 152 000	−1 368 000	−1 391 000	−1 348 000
Total Assets	413 000	783 000	408 000	626 000
Total Equity	−5 504 000	−4 352 000	−2 985 000	−1 594 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 110 000	3 079 000	1 518 000	2 583 000
Expenditure	4 233 000	4 385 000	2 898 000	3 926 000
Operating Profit	−1 123 000	−1 306 000	−1 380 000	−1 343 000
Financial Income	0	0	0	0
Financial Costs	28 000	62 000	11 000	6 000
Financial Balance	−28 000	−62 000	−11 000	−6 000
Earnings Before Tax	−1 152 000	−1 368 000	−1 391 000	−1 348 000
Tax	0	0	0	0
Net Income	−1 152 000	−1 368 000	−1 391 000	−1 348 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	111 000	195 000	266 000	390 000
Total Current Assets	302 000	588 000	142 000	236 000
Total Assets	413 000	783 000	408 000	626 000
Total Retained Equity	−6 004 000	−4 852 000	−3 485 000	−2 094 000
Total Equity	−5 504 000	−4 352 000	−2 985 000	−1 594 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 916 000	5 136 000	3 392 000	2 220 000
Total Equity and Debt	413 000	783 000	408 000	626 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 878 000	2 932 000	1 502 000	2 532 000
Other Income	233 000	147 000	16 000	51 000
Revenue	3 110 000	3 079 000	1 518 000	2 583 000
Cost of Goods Sold	364 000	436 000	162 000	314 000
Salary Costs	1 611 000	1 269 000	860 000	1 388 000
Depreciation	137 000	190 000	236 000	249 000
Impairment	0	0	0	0
Expenditure	4 233 000	4 385 000	2 898 000	3 926 000
Operating Profit	−1 123 000	−1 306 000	−1 380 000	−1 343 000
Financial Income	0	0	0	0
Financial Costs	28 000	62 000	11 000	6 000
Financial Balance	−28 000	−62 000	−11 000	−6 000
Dividends	0	0	0	0
Net Income	−1 152 000	−1 368 000	−1 391 000	−1 348 000

Balance details (NOK)	2022	2021	2020	2019
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	111 000	195 000	239 000	363 000
Total Tangible Assets	111 000	195 000	239 000	363 000
Total Fiancial Fixed Assets	0	0	27 000	27 000
Total Fixed Assets	111 000	195 000	266 000	390 000
Stock	0	59 000	54 000	54 000
Total Investments	0	0	0	0
Cash, Bank	62 000	302 000	90 000	113 000
Total Current Assets	302 000	588 000	142 000	236 000
Total Assets	413 000	783 000	408 000	626 000
Total Equity	−5 504 000	−4 352 000	−2 985 000	−1 594 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	5 334 000	4 528 000	2 847 000	1 883 000
Unpaid Taxes	76 000	115 000	129 000	116 000
Dividends	0	0	0	0
Other Current Debt	506 000	492 000	416 000	220 000
Total Current Debt	5 916 000	5 136 000	3 392 000	2 220 000
Total Equity and Debt	413 000	783 000	408 000	626 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,93 %	31,43 %	46,6 %	84,57 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	−36,11 %	−42,42 %	−90,91 %	−51,99 %
Current Ratio	0,05	0,11	0,04	0,11
Quick Ratio	0,05	0,12	0,04	0,11
Equity Ratio	−13,33	−5,56	−7,32	−2,55
Gross Profit Margin	88,3 %	85,84 %	89,33 %	87,84 %