POLAR HOLDING BODØ AS

8250 ROGNAN

Finances

Return on Equity

20,24 %

Current Ratio

2,66

Debt-to-Equity Ratio

0,75

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 355 000	780 000	240 000	0
Net Income	1 826 000	2 477 000	31 000	−137 000
Total Assets	17 105 000	8 102 000	2 034 000	2 045 000
Total Equity	9 021 000	7 270 000	1 901 000	1 901 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 355 000	780 000	240 000	0
Expenditure	1 929 000	643 000	200 000	34 000
Operating Profit	1 426 000	137 000	40 000	−34 000
Financial Income	1 075 000	2 911 000	0	178 000
Financial Costs	160 000	542 000	0	250 000
Financial Balance	915 000	2 369 000	0	−72 000
Earnings Before Tax	2 341 000	2 507 000	40 000	−106 000
Tax	515 000	30 000	9 000	32 000
Net Income	1 826 000	2 477 000	31 000	−137 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 702 000	7 132 000	705 000	705 000
Total Current Assets	3 403 000	971 000	1 329 000	1 340 000
Total Assets	17 105 000	8 102 000	2 034 000	2 045 000
Total Retained Equity	4 421 000	2 670 000	301 000	301 000
Total Equity	9 021 000	7 270 000	1 901 000	1 901 000
Total Long-Term Debt	6 805 000	0	0	0
Total Current Debt	1 279 000	832 000	133 000	144 000
Total Equity and Debt	17 105 000	8 102 000	2 034 000	2 045 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 817 000	780 000	240 000	0
Other Income	538 000	0	0	0
Revenue	3 355 000	780 000	240 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	1 230 000	607 000	88 000	0
Depreciation	585 000	0	0	0
Impairment	0	0	0	0
Expenditure	1 929 000	643 000	200 000	34 000
Operating Profit	1 426 000	137 000	40 000	−34 000
Financial Income	1 075 000	2 911 000	0	178 000
Financial Costs	160 000	542 000	0	250 000
Financial Balance	915 000	2 369 000	0	−72 000
Dividends	0	0	0	0
Net Income	1 826 000	2 477 000	31 000	−137 000

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	6 370 000	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	6 370 000	0	0	0
Total Fiancial Fixed Assets	7 332 000	7 132 000	705 000	705 000
Total Fixed Assets	13 702 000	7 132 000	705 000	705 000
Stock	0	0	0	0
Total Investments	80 000	80 000	80 000	830 000
Cash, Bank	658 000	309 000	470 000	14 000
Total Current Assets	3 403 000	971 000	1 329 000	1 340 000
Total Assets	17 105 000	8 102 000	2 034 000	2 045 000
Total Equity	9 021 000	7 270 000	1 901 000	1 901 000
Short-Term Group Debt	97 000	177 000	44 000	144 000
Total Long-Term Debt	6 805 000	0	0	0
Creditors	46 000	1 000	0	0
Unpaid Taxes	250 000	53 000	40 000	0
Dividends	0	0	0	0
Other Current Debt	722 000	601 000	49 000	0
Total Current Debt	1 279 000	832 000	133 000	144 000
Total Equity and Debt	17 105 000	8 102 000	2 034 000	2 045 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,24 %	34,07 %	1,63 %	−7,21 %
Debt-to-Equity Ratio	0,75	0	0	0
Operating Profit Margin	42,5 %	17,56 %	16,67 %	-
Current Ratio	2,66	1,17	9,99	9,31
Quick Ratio	2,66	1,17	9,99	9,31
Equity Ratio	0,53	0,9	0,93	0,93
Gross Profit Margin	100 %	100 %	100 %	-