POLARSIRKELEN LUFTHAVNUTVIKLING AS

8622 MO I RANA

Finances

Share Ownership

Return on Equity

−3,16 %

Current Ratio

0,94

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 614 000	0	0	0
Net Income	32 000	−2 556 000	−12 378 000	−391 000
Total Assets	14 672 000	560 000	826 000	10 096 000
Total Equity	−1 012 000	−22 179 000	−24 123 000	−11 745 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 614 000	0	0	0
Expenditure	3 457 000	2 557 000	12 366 000	261 000
Operating Profit	157 000	−2 557 000	−12 366 000	−261 000
Financial Income	36 000	0	1 000	1 000
Financial Costs	161 000	0	13 000	131 000
Financial Balance	−125 000	0	−12 000	−130 000
Earnings Before Tax	32 000	−2 556 000	−12 378 000	−391 000
Tax	0	0	0	0
Net Income	32 000	−2 556 000	−12 378 000	−391 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	9 075 000
Total Current Assets	14 672 000	560 000	826 000	1 021 000
Total Assets	14 672 000	560 000	826 000	10 096 000
Total Retained Equity	−27 798 000	−28 579 000	−26 023 000	−13 645 000
Total Equity	−1 012 000	−22 179 000	−24 123 000	−11 745 000
Total Long-Term Debt	0	18 075 000	17 875 000	17 875 000
Total Current Debt	15 684 000	4 664 000	7 074 000	3 966 000
Total Equity and Debt	14 672 000	560 000	826 000	10 096 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 572 000	0	0	0
Other Income	42 000	0	0	0
Revenue	3 614 000	0	0	0
Cost of Goods Sold	10 000	0	0	0
Salary Costs	2 051 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	2 226 000	12 050 000	0
Expenditure	3 457 000	2 557 000	12 366 000	261 000
Operating Profit	157 000	−2 557 000	−12 366 000	−261 000
Financial Income	36 000	0	1 000	1 000
Financial Costs	161 000	0	13 000	131 000
Financial Balance	−125 000	0	−12 000	−130 000
Dividends	0	0	0	0
Net Income	32 000	−2 556 000	−12 378 000	−391 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	9 075 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	9 075 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	9 075 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	13 982 000	161 000	167 000	166 000
Total Current Assets	14 672 000	560 000	826 000	1 021 000
Total Assets	14 672 000	560 000	826 000	10 096 000
Total Equity	−1 012 000	−22 179 000	−24 123 000	−11 745 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	18 075 000	17 875 000	17 875 000
Creditors	231 000	132 000	95 000	559 000
Unpaid Taxes	90 000	86 000	105 000	111 000
Dividends	0	0	0	0
Other Current Debt	11 364 000	168 000	185 000	286 000
Total Current Debt	15 684 000	4 664 000	7 074 000	3 966 000
Total Equity and Debt	14 672 000	560 000	826 000	10 096 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,16 %	11,52 %	51,31 %	3,33 %
Debt-to-Equity Ratio	−0	−0,81	−0,74	−1,52
Operating Profit Margin	4,34 %	-	-	-
Current Ratio	0,94	0,12	0,12	0,26
Quick Ratio	0,94	0,12	0,12	0,26
Equity Ratio	−0,07	−39,61	−29,2	−1,16
Gross Profit Margin	99,72 %	-	-	-