POLARHAV AS

8149 NEVERDAL

Finances

Share Ownership

Return on Equity

−12,7 %

Current Ratio

0,58

Debt-to-Equity Ratio

0,4

Key figures (NOK)	2022	2021	2020	2019
Revenue	162 000	59 000	110 000	60 000
Net Income	−860 000	−408 000	−636 000	−717 000
Total Assets	11 568 000	12 059 000	12 402 000	13 839 000
Total Equity	6 770 000	7 630 000	8 038 000	8 674 000

Income (NOK)	2022	2021	2020	2019
Revenue	162 000	59 000	110 000	60 000
Expenditure	1 254 000	557 000	882 000	937 000
Operating Profit	−1 093 000	−499 000	−773 000	−877 000
Financial Income	61 000	0	3 000	129 000
Financial Costs	70 000	24 000	46 000	171 000
Financial Balance	−9 000	−24 000	−43 000	−42 000
Earnings Before Tax	−1 102 000	−523 000	−815 000	−919 000
Tax	−242 000	−115 000	−179 000	−202 000
Net Income	−860 000	−408 000	−636 000	−717 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 343 000	11 116 000	11 261 000	11 775 000
Total Current Assets	1 224 000	942 000	1 142 000	2 064 000
Total Assets	11 568 000	12 059 000	12 402 000	13 839 000
Total Retained Equity	6 670 000	7 530 000	7 938 000	8 574 000
Total Equity	6 770 000	7 630 000	8 038 000	8 674 000
Total Long-Term Debt	2 681 000	2 920 000	3 223 000	4 085 000
Total Current Debt	2 116 000	1 509 000	1 142 000	1 081 000
Total Equity and Debt	11 568 000	12 059 000	12 402 000	13 839 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	144 000	59 000	110 000	60 000
Other Income	17 000	0	0	0
Revenue	162 000	59 000	110 000	60 000
Cost of Goods Sold	0	28 000	28 000	352 000
Salary Costs	0	0	645 000	448 000
Depreciation	14 000	14 000	14 000	7 000
Impairment	0	0	0	0
Expenditure	1 254 000	557 000	882 000	937 000
Operating Profit	−1 093 000	−499 000	−773 000	−877 000
Financial Income	61 000	0	3 000	129 000
Financial Costs	70 000	24 000	46 000	171 000
Financial Balance	−9 000	−24 000	−43 000	−42 000
Dividends	0	0	0	0
Net Income	−860 000	−408 000	−636 000	−717 000

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	22 000	36 000	51 000	65 000
Total Tangible Assets	22 000	36 000	51 000	65 000
Total Fiancial Fixed Assets	10 321 000	11 080 000	11 210 000	11 710 000
Total Fixed Assets	10 343 000	11 116 000	11 261 000	11 775 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	20 000	13 000	32 000	30 000
Total Current Assets	1 224 000	942 000	1 142 000	2 064 000
Total Assets	11 568 000	12 059 000	12 402 000	13 839 000
Total Equity	6 770 000	7 630 000	8 038 000	8 674 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 681 000	2 920 000	3 223 000	4 085 000
Creditors	1 272 000	143 000	85 000	2 000
Unpaid Taxes	0	349 000	0	0
Dividends	0	0	0	0
Other Current Debt	844 000	828 000	648 000	390 000
Total Current Debt	2 116 000	1 509 000	1 142 000	1 081 000
Total Equity and Debt	11 568 000	12 059 000	12 402 000	13 839 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,7 %	−5,35 %	−7,91 %	−8,27 %
Debt-to-Equity Ratio	0,4	0,38	0,4	0,47
Operating Profit Margin	−674,69 %	−845,76 %	−702,73 %	−1 461,67 %
Current Ratio	0,58	0,62	1	1,91
Quick Ratio	0,58	0,62	1	1,91
Equity Ratio	0,59	0,63	0,65	0,63
Gross Profit Margin	100 %	52,54 %	74,55 %	−486,67 %