MARITIME POLARWOOD AS

6006 ÅLESUND

Finances

Return on Equity

−30,53 %

Current Ratio

1,38

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 161 000	24 169 000	13 025 000	11 393 000
Net Income	−526 000	1 042 000	377 000	−660 000
Total Assets	3 642 000	3 874 000	2 947 000	5 031 000
Total Equity	1 723 000	2 249 000	1 207 000	830 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 161 000	24 169 000	13 025 000	11 393 000
Expenditure	7 806 000	22 893 000	12 464 000	12 163 000
Operating Profit	−646 000	1 276 000	562 000	−771 000
Financial Income	29 000	100 000	21 000	5 000
Financial Costs	56 000	37 000	97 000	80 000
Financial Balance	−27 000	63 000	−76 000	−75 000
Earnings Before Tax	−673 000	1 339 000	485 000	−846 000
Tax	−147 000	297 000	108 000	−186 000
Net Income	−526 000	1 042 000	377 000	−660 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 375 000	1 247 000	1 355 000	2 521 000
Total Current Assets	2 266 000	2 627 000	1 592 000	2 510 000
Total Assets	3 642 000	3 874 000	2 947 000	5 031 000
Total Retained Equity	1 623 000	2 149 000	1 107 000	730 000
Total Equity	1 723 000	2 249 000	1 207 000	830 000
Total Long-Term Debt	272 000	417 000	559 000	678 000
Total Current Debt	1 647 000	1 207 000	1 181 000	3 523 000
Total Equity and Debt	3 642 000	3 874 000	2 947 000	5 031 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 160 000	23 535 000	12 713 000	11 393 000
Other Income	0	634 000	312 000	0
Revenue	7 161 000	24 169 000	13 025 000	11 393 000
Cost of Goods Sold	3 527 000	17 865 000	7 146 000	6 556 000
Salary Costs	2 498 000	2 358 000	3 260 000	3 337 000
Depreciation	19 000	19 000	18 000	69 000
Impairment	0	0	0	0
Expenditure	7 806 000	22 893 000	12 464 000	12 163 000
Operating Profit	−646 000	1 276 000	562 000	−771 000
Financial Income	29 000	100 000	21 000	5 000
Financial Costs	56 000	37 000	97 000	80 000
Financial Balance	−27 000	63 000	−76 000	−75 000
Dividends	0	0	0	0
Net Income	−526 000	1 042 000	377 000	−660 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	261 000	114 000	223 000	332 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	14 000	34 000	31 000	90 000
Total Tangible Assets	14 000	34 000	31 000	90 000
Total Fiancial Fixed Assets	1 100 000	1 100 000	1 100 000	2 100 000
Total Fixed Assets	1 375 000	1 247 000	1 355 000	2 521 000
Stock	527 000	513 000	471 000	725 000
Total Investments	0	0	0	0
Cash, Bank	538 000	927 000	97 000	186 000
Total Current Assets	2 266 000	2 627 000	1 592 000	2 510 000
Total Assets	3 642 000	3 874 000	2 947 000	5 031 000
Total Equity	1 723 000	2 249 000	1 207 000	830 000
Short-Term Group Debt	0	0	0	1 000 000
Total Long-Term Debt	272 000	417 000	559 000	678 000
Creditors	734 000	428 000	355 000	828 000
Unpaid Taxes	431 000	204 000	171 000	627 000
Dividends	0	0	0	0
Other Current Debt	482 000	388 000	610 000	688 000
Total Current Debt	1 647 000	1 207 000	1 181 000	3 523 000
Total Equity and Debt	3 642 000	3 874 000	2 947 000	5 031 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−30,53 %	46,33 %	31,23 %	−79,52 %
Debt-to-Equity Ratio	0,16	0,19	0,46	0,82
Operating Profit Margin	−9,02 %	5,28 %	4,31 %	−6,77 %
Current Ratio	1,38	2,18	1,35	0,71
Quick Ratio	2,02	3,79	2,24	0,9
Equity Ratio	0,47	0,58	0,41	0,16
Gross Profit Margin	50,75 %	26,08 %	45,14 %	42,46 %