POLARUS AS

5058 BERGEN

Finances

Share Ownership

Return on Equity

10,06 %

Current Ratio

11,36

Debt-to-Equity Ratio

Key figures (USD)	2022	2021	2020	2019
Revenue	16 000	0	0	0
Net Income	3 608 000	870 000	3 243 000	1 579 000
Total Assets	38 501 000	34 312 000	33 441 000	30 660 000
Total Equity	35 861 000	34 312 000	33 441 000	30 198 000

Income (USD)	2022	2021	2020	2019
Revenue	16 000	0	0	0
Expenditure	48 000	28 000	23 000	26 000
Operating Profit	−32 000	−28 000	−23 000	−26 000
Financial Income	4 991 000	1 201 000	3 623 000	1 789 000
Financial Costs	769 000	303 000	357 000	83 000
Financial Balance	4 222 000	898 000	3 266 000	1 706 000
Earnings Before Tax	4 189 000	870 000	3 243 000	1 681 000
Tax	581 000	0	0	102 000
Net Income	3 608 000	870 000	3 243 000	1 579 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	8 500 000	8 500 000	8 500 000	8 500 000
Total Current Assets	30 001 000	25 812 000	24 941 000	22 160 000
Total Assets	38 501 000	34 312 000	33 441 000	30 660 000
Total Retained Equity	26 608 000	25 059 000	24 189 000	20 946 000
Total Equity	35 861 000	34 312 000	33 441 000	30 198 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 640 000	0	0	462 000
Total Equity and Debt	38 501 000	34 312 000	33 441 000	30 660 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	16 000	0	0	0
Revenue	16 000	0	0	0
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	48 000	28 000	23 000	26 000
Operating Profit	−32 000	−28 000	−23 000	−26 000
Financial Income	4 991 000	1 201 000	3 623 000	1 789 000
Financial Costs	769 000	303 000	357 000	83 000
Financial Balance	4 222 000	898 000	3 266 000	1 706 000
Dividends	0	0	0	0
Net Income	3 608 000	870 000	3 243 000	1 579 000

Balance details (USD)	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	8 500 000	8 500 000	8 500 000	8 500 000
Total Fixed Assets	8 500 000	8 500 000	8 500 000	8 500 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	30 001 000	25 812 000	24 941 000	22 160 000
Total Assets	38 501 000	34 312 000	33 441 000	30 660 000
Total Equity	35 861 000	34 312 000	33 441 000	30 198 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	2 640 000	0	0	462 000
Total Current Debt	2 640 000	0	0	462 000
Total Equity and Debt	38 501 000	34 312 000	33 441 000	30 660 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,06 %	2,54 %	9,7 %	5,23 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−200 %	-	-	-
Current Ratio	11,36	-	-	47,97
Quick Ratio	11,36	-	-	47,97
Equity Ratio	0,93	1	1	0,98
Gross Profit Margin	100 %	-	-	-