POLAR SEAFOOD AS

9990 BÅTSFJORD

Finances

Share Ownership

Return on Equity

−62,84 %

Current Ratio

0,77

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 170 000	13 200 000	12 759 000	10 979 000
Net Income	−5 594 000	208 000	2 984 000	608 000
Total Assets	25 052 000	27 840 000	26 376 000	27 744 000
Total Equity	8 902 000	14 496 000	14 288 000	11 304 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 170 000	13 200 000	12 759 000	10 979 000
Expenditure	17 342 000	12 473 000	8 469 000	9 753 000
Operating Profit	−6 172 000	727 000	4 290 000	1 226 000
Financial Income	0	18 000	0	23 000
Financial Costs	480 000	479 000	464 000	469 000
Financial Balance	−480 000	−461 000	−464 000	−446 000
Earnings Before Tax	−6 652 000	267 000	3 826 000	779 000
Tax	−1 057 000	59 000	842 000	171 000
Net Income	−5 594 000	208 000	2 984 000	608 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 593 000	13 409 000	14 837 000	16 141 000
Total Current Assets	12 459 000	14 431 000	11 540 000	11 603 000
Total Assets	25 052 000	27 840 000	26 376 000	27 744 000
Total Retained Equity	−1 698 000	3 896 000	3 688 000	704 000
Total Equity	8 902 000	14 496 000	14 288 000	11 304 000
Total Long-Term Debt	0	1 057 000	1 143 000	302 000
Total Current Debt	16 151 000	12 286 000	10 945 000	16 138 000
Total Equity and Debt	25 052 000	27 840 000	26 376 000	27 744 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 170 000	13 200 000	12 759 000	10 979 000
Other Income	0	0	0	0
Revenue	11 170 000	13 200 000	12 759 000	10 979 000
Cost of Goods Sold	10 510 000	5 681 000	2 774 000	3 187 000
Salary Costs	3 168 000	3 093 000	2 452 000	2 680 000
Depreciation	1 455 000	1 464 000	1 512 000	1 536 000
Impairment	0	0	0	0
Expenditure	17 342 000	12 473 000	8 469 000	9 753 000
Operating Profit	−6 172 000	727 000	4 290 000	1 226 000
Financial Income	0	18 000	0	23 000
Financial Costs	480 000	479 000	464 000	469 000
Financial Balance	−480 000	−461 000	−464 000	−446 000
Dividends	0	0	0	0
Net Income	−5 594 000	208 000	2 984 000	608 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	7 053 000	7 237 000	7 421 000	7 605 000
Machinery and Plant Facilities	5 031 000	6 072 000	7 236 000	8 447 000
Fixtures	20 000	40 000	60 000	0
Total Tangible Assets	12 104 000	13 349 000	14 717 000	16 052 000
Total Fiancial Fixed Assets	489 000	60 000	120 000	89 000
Total Fixed Assets	12 593 000	13 409 000	14 837 000	16 141 000
Stock	60 000	8 053 000	9 981 000	9 981 000
Total Investments	0	0	0	0
Cash, Bank	6 000	111 000	30 000	69 000
Total Current Assets	12 459 000	14 431 000	11 540 000	11 603 000
Total Assets	25 052 000	27 840 000	26 376 000	27 744 000
Total Equity	8 902 000	14 496 000	14 288 000	11 304 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 057 000	1 143 000	302 000
Creditors	2 628 000	2 259 000	2 740 000	2 485 000
Unpaid Taxes	3 806 000	3 871 000	3 892 000	2 558 000
Dividends	0	0	0	0
Other Current Debt	6 056 000	6 012 000	243 000	7 332 000
Total Current Debt	16 151 000	12 286 000	10 945 000	16 138 000
Total Equity and Debt	25 052 000	27 840 000	26 376 000	27 744 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−62,84 %	1,43 %	20,88 %	5,38 %
Debt-to-Equity Ratio	0	0,07	0,08	0,03
Operating Profit Margin	−55,26 %	5,51 %	33,62 %	11,17 %
Current Ratio	0,77	1,17	1,05	0,72
Quick Ratio	0,77	3,41	11,97	1,88
Equity Ratio	0,36	0,52	0,54	0,41
Gross Profit Margin	5,91 %	56,96 %	78,26 %	70,97 %