POLAR ARTIST AS

7010 TRONDHEIM

Finances

Share Ownership

Return on Equity

19,82 %

Current Ratio

3,66

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 801 000	26 388 000	10 489 000	28 994 000
Net Income	593 000	567 000	98 000	492 000
Total Assets	4 118 000	6 146 000	4 659 000	2 508 000
Total Equity	2 992 000	2 400 000	1 833 000	1 734 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 801 000	26 388 000	10 489 000	28 994 000
Expenditure	35 063 000	25 679 000	10 391 000	28 385 000
Operating Profit	738 000	710 000	97 000	608 000
Financial Income	31 000	20 000	32 000	28 000
Financial Costs	2 000	0	2 000	2 000
Financial Balance	29 000	20 000	30 000	26 000
Earnings Before Tax	766 000	729 000	127 000	634 000
Tax	174 000	162 000	29 000	142 000
Net Income	593 000	567 000	98 000	492 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	4 118 000	6 146 000	4 659 000	2 508 000
Total Assets	4 118 000	6 146 000	4 659 000	2 508 000
Total Retained Equity	2 892 000	2 300 000	1 733 000	1 634 000
Total Equity	2 992 000	2 400 000	1 833 000	1 734 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 126 000	3 746 000	2 826 000	773 000
Total Equity and Debt	4 118 000	6 146 000	4 659 000	2 508 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 334 000	26 072 000	9 325 000	28 849 000
Other Income	467 000	316 000	1 164 000	145 000
Revenue	35 801 000	26 388 000	10 489 000	28 994 000
Cost of Goods Sold	33 725 000	24 790 000	9 499 000	27 585 000
Salary Costs	816 000	477 000	426 000	375 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	35 063 000	25 679 000	10 391 000	28 385 000
Operating Profit	738 000	710 000	97 000	608 000
Financial Income	31 000	20 000	32 000	28 000
Financial Costs	2 000	0	2 000	2 000
Financial Balance	29 000	20 000	30 000	26 000
Dividends	0	0	0	0
Net Income	593 000	567 000	98 000	492 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 860 000	3 988 000	4 276 000	2 407 000
Total Current Assets	4 118 000	6 146 000	4 659 000	2 508 000
Total Assets	4 118 000	6 146 000	4 659 000	2 508 000
Total Equity	2 992 000	2 400 000	1 833 000	1 734 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	139 000	55 000	316 000	289 000
Unpaid Taxes	50 000	43 000	44 000	27 000
Dividends	0	0	0	0
Other Current Debt	763 000	3 486 000	2 438 000	315 000
Total Current Debt	1 126 000	3 746 000	2 826 000	773 000
Total Equity and Debt	4 118 000	6 146 000	4 659 000	2 508 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,82 %	23,63 %	5,35 %	28,37 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,06 %	2,69 %	0,92 %	2,1 %
Current Ratio	3,66	1,64	1,65	3,24
Quick Ratio	3,66	1,64	1,65	3,24
Equity Ratio	0,73	0,39	0,39	0,69
Gross Profit Margin	5,8 %	6,06 %	9,44 %	4,86 %