POLAR GRENLAND AS

3936 PORSGRUNN

Finances

Return on Equity

−10,43 %

Current Ratio

1,8

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	22 764 000	30 304 000	13 767 000	16 427 000
Net Income	−374 000	3 868 000	−321 000	576 000
Total Assets	8 000 000	11 562 000	5 402 000	7 318 000
Total Equity	3 585 000	3 959 000	3 091 000	3 412 000

Income (NOK)	2022	2021	2020	2019
Revenue	22 764 000	30 304 000	13 767 000	16 427 000
Expenditure	23 232 000	25 206 000	14 163 000	15 714 000
Operating Profit	−468 000	5 098 000	−395 000	713 000
Financial Income	0	0	1 000	31 000
Financial Costs	8 000	106 000	13 000	1 000
Financial Balance	−8 000	−106 000	−12 000	30 000
Earnings Before Tax	−476 000	4 992 000	−407 000	742 000
Tax	−102 000	1 124 000	−86 000	166 000
Net Income	−374 000	3 868 000	−321 000	576 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	168 000	125 000	240 000	107 000
Total Current Assets	7 833 000	11 436 000	5 162 000	7 211 000
Total Assets	8 000 000	11 562 000	5 402 000	7 318 000
Total Retained Equity	3 135 000	3 509 000	2 641 000	2 962 000
Total Equity	3 585 000	3 959 000	3 091 000	3 412 000
Total Long-Term Debt	72 000	125 000	132 000	6 000
Total Current Debt	4 343 000	7 478 000	2 179 000	3 900 000
Total Equity and Debt	8 000 000	11 562 000	5 402 000	7 318 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 764 000	30 304 000	13 741 000	16 166 000
Other Income	0	0	26 000	262 000
Revenue	22 764 000	30 304 000	13 767 000	16 427 000
Cost of Goods Sold	4 871 000	10 485 000	4 637 000	4 761 000
Salary Costs	15 461 000	12 260 000	7 944 000	9 421 000
Depreciation	36 000	30 000	34 000	5 000
Impairment	0	0	0	0
Expenditure	23 232 000	25 206 000	14 163 000	15 714 000
Operating Profit	−468 000	5 098 000	−395 000	713 000
Financial Income	0	0	1 000	31 000
Financial Costs	8 000	106 000	13 000	1 000
Financial Balance	−8 000	−106 000	−12 000	30 000
Dividends	0	550 000	0	0
Net Income	−374 000	3 868 000	−321 000	576 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	79 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	27 000	34 000	0	7 000
Fixtures	61 000	91 000	120 000	0
Total Tangible Assets	89 000	125 000	120 000	7 000
Total Fiancial Fixed Assets	0	0	119 000	100 000
Total Fixed Assets	168 000	125 000	240 000	107 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 094 000	4 018 000	2 274 000	1 626 000
Total Current Assets	7 833 000	11 436 000	5 162 000	7 211 000
Total Assets	8 000 000	11 562 000	5 402 000	7 318 000
Total Equity	3 585 000	3 959 000	3 091 000	3 412 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	72 000	125 000	132 000	6 000
Creditors	737 000	659 000	64 000	1 220 000
Unpaid Taxes	1 702 000	1 425 000	1 006 000	1 301 000
Dividends	0	550 000	0	0
Other Current Debt	1 904 000	3 742 000	1 109 000	1 256 000
Total Current Debt	4 343 000	7 478 000	2 179 000	3 900 000
Total Equity and Debt	8 000 000	11 562 000	5 402 000	7 318 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,43 %	97,7 %	−10,38 %	16,88 %
Debt-to-Equity Ratio	0,02	0,03	0,04	0
Operating Profit Margin	−2,06 %	16,82 %	−2,87 %	4,34 %
Current Ratio	1,8	1,53	2,37	1,85
Quick Ratio	1,8	1,53	2,37	1,85
Equity Ratio	0,45	0,34	0,57	0,47
Gross Profit Margin	78,6 %	65,4 %	66,32 %	71,02 %