POLARFANGST AS

8149 NEVERDAL

Finances

Share Ownership

Return on Equity

−2,03 %

Current Ratio

9,03

Debt-to-Equity Ratio

2,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	50 000	49 000	0	1 000
Net Income	−3 000	8 000	−27 000	45 000
Total Assets	614 000	611 000	560 000	599 000
Total Equity	148 000	151 000	143 000	170 000

Income (NOK)	2022	2021	2020	2019
Revenue	50 000	49 000	0	1 000
Expenditure	19 000	5 000	1 000	0
Operating Profit	31 000	44 000	−1 000	1 000
Financial Income	8 000	8 000	8 000	8 000
Financial Costs	42 000	41 000	41 000	30 000
Financial Balance	−34 000	−33 000	−33 000	−22 000
Earnings Before Tax	−4 000	10 000	−35 000	−22 000
Tax	−1 000	2 000	0	−67 000
Net Income	−3 000	8 000	−27 000	45 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	614 000	611 000	560 000	599 000
Total Assets	614 000	611 000	560 000	599 000
Total Retained Equity	−167 000	−164 000	−172 000	−145 000
Total Equity	148 000	151 000	143 000	170 000
Total Long-Term Debt	398 000	399 000	397 000	404 000
Total Current Debt	68 000	62 000	21 000	25 000
Total Equity and Debt	614 000	611 000	560 000	599 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 000	0	0	1 000
Other Income	0	49 000	0	0
Revenue	50 000	49 000	0	1 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	19 000	5 000	1 000	0
Operating Profit	31 000	44 000	−1 000	1 000
Financial Income	8 000	8 000	8 000	8 000
Financial Costs	42 000	41 000	41 000	30 000
Financial Balance	−34 000	−33 000	−33 000	−22 000
Dividends	0	0	0	0
Net Income	−3 000	8 000	−27 000	45 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	15 000	13 000	18 000	20 000
Total Current Assets	614 000	611 000	560 000	599 000
Total Assets	614 000	611 000	560 000	599 000
Total Equity	148 000	151 000	143 000	170 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	398 000	399 000	397 000	404 000
Creditors	5 000	0	0	35 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	63 000	62 000	21 000	−10 000
Total Current Debt	68 000	62 000	21 000	25 000
Total Equity and Debt	614 000	611 000	560 000	599 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,03 %	5,3 %	−18,88 %	26,47 %
Debt-to-Equity Ratio	2,69	2,64	2,78	2,38
Operating Profit Margin	62 %	89,8 %	-	100 %
Current Ratio	9,03	9,85	26,67	23,96
Quick Ratio	9,03	9,85	26,67	23,96
Equity Ratio	0,24	0,25	0,26	0,28
Gross Profit Margin	100 %	100 %	-	100 %