POLARBRIS AS

6002 ÅLESUND

Finances

Share Ownership

Return on Equity

5,09 %

Current Ratio

0,5

Debt-to-Equity Ratio

0,66

Key figures (NOK)	2022	2021	2020	2019
Revenue	56 410 000	47 060 000	32 038 000	139 391 000
Net Income	1 571 000	4 769 000	8 683 000	46 958 000
Total Assets	109 197 000	115 515 000	94 060 000	200 760 000
Total Equity	30 851 000	33 022 000	40 510 000	49 110 000

Income (NOK)	2022	2021	2020	2019
Revenue	56 410 000	47 060 000	32 038 000	139 391 000
Expenditure	52 944 000	40 177 000	19 225 000	76 700 000
Operating Profit	3 467 000	6 883 000	12 813 000	62 692 000
Financial Income	71 000	7 000	227 000	244 000
Financial Costs	1 496 000	774 000	1 885 000	2 698 000
Financial Balance	−1 425 000	−767 000	−1 658 000	−2 454 000
Earnings Before Tax	2 042 000	6 116 000	11 155 000	60 238 000
Tax	471 000	1 347 000	2 472 000	13 281 000
Net Income	1 571 000	4 769 000	8 683 000	46 958 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	80 246 000	58 124 000	52 172 000	54 729 000
Total Current Assets	28 951 000	57 391 000	41 888 000	146 031 000
Total Assets	109 197 000	115 515 000	94 060 000	200 760 000
Total Retained Equity	14 751 000	16 922 000	24 410 000	33 010 000
Total Equity	30 851 000	33 022 000	40 510 000	49 110 000
Total Long-Term Debt	20 311 000	24 328 000	28 579 000	78 189 000
Total Current Debt	58 034 000	58 164 000	24 971 000	73 461 000
Total Equity and Debt	109 197 000	115 515 000	94 060 000	200 760 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	56 410 000	42 606 000	31 993 000	55 864 000
Other Income	0	4 453 000	44 000	83 526 000
Revenue	56 410 000	47 060 000	32 038 000	139 391 000
Cost of Goods Sold	2 369 000	1 852 000	6 529 000	19 404 000
Salary Costs	0	−74 000	7 391 000	48 935 000
Depreciation	2 557 000	2 557 000	2 557 000	6 515 000
Impairment	0	0	0	0
Expenditure	52 944 000	40 177 000	19 225 000	76 700 000
Operating Profit	3 467 000	6 883 000	12 813 000	62 692 000
Financial Income	71 000	7 000	227 000	244 000
Financial Costs	1 496 000	774 000	1 885 000	2 698 000
Financial Balance	−1 425 000	−767 000	−1 658 000	−2 454 000
Dividends	1 000 000	3 000 000	3 000 000	3 000 000
Net Income	1 571 000	4 769 000	8 683 000	46 958 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	47 059 000	49 616 000	52 172 000	54 729 000
Real Eastate	33 188 000	8 508 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	33 188 000	8 508 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	80 246 000	58 124 000	52 172 000	54 729 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 038 000	33 740 000	10 568 000	96 865 000
Total Current Assets	28 951 000	57 391 000	41 888 000	146 031 000
Total Assets	109 197 000	115 515 000	94 060 000	200 760 000
Total Equity	30 851 000	33 022 000	40 510 000	49 110 000
Short-Term Group Debt	55 970 000	54 952 000	18 312 000	36 785 000
Total Long-Term Debt	20 311 000	24 328 000	28 579 000	78 189 000
Creditors	83 000	212 000	1 431 000	543 000
Unpaid Taxes	0	0	1 865 000	21 628 000
Dividends	1 000 000	3 000 000	3 000 000	3 000 000
Other Current Debt	254 000	0	363 000	11 505 000
Total Current Debt	58 034 000	58 164 000	24 971 000	73 461 000
Total Equity and Debt	109 197 000	115 515 000	94 060 000	200 760 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,09 %	14,44 %	21,43 %	95,62 %
Debt-to-Equity Ratio	0,66	0,74	0,71	1,59
Operating Profit Margin	6,15 %	14,63 %	39,99 %	44,98 %
Current Ratio	0,5	0,99	1,68	1,99
Quick Ratio	0,5	0,99	1,68	1,99
Equity Ratio	0,28	0,29	0,43	0,24
Gross Profit Margin	95,8 %	96,06 %	79,62 %	86,08 %