POLAR AALESUND AS

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

14,39 %

Current Ratio

1,7

Debt-to-Equity Ratio

0,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	130 858 000	90 937 000	59 851 000	72 738 000
Net Income	765 000	362 000	−420 000	−680 000
Total Assets	19 604 000	20 970 000	11 476 000	14 425 000
Total Equity	5 316 000	4 751 000	4 388 000	4 808 000

Income (NOK)	2022	2021	2020	2019
Revenue	130 858 000	90 937 000	59 851 000	72 738 000
Expenditure	129 604 000	90 232 000	59 995 000	72 935 000
Operating Profit	1 254 000	706 000	−144 000	−197 000
Financial Income	93 000	30 000	10 000	61 000
Financial Costs	347 000	266 000	397 000	718 000
Financial Balance	−254 000	−236 000	−387 000	−657 000
Earnings Before Tax	1 000 000	471 000	−532 000	−855 000
Tax	235 000	108 000	−112 000	−175 000
Net Income	765 000	362 000	−420 000	−680 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	254 000	488 000	597 000	485 000
Total Current Assets	19 350 000	20 482 000	10 879 000	13 939 000
Total Assets	19 604 000	20 970 000	11 476 000	14 425 000
Total Retained Equity	4 316 000	3 751 000	3 388 000	3 808 000
Total Equity	5 316 000	4 751 000	4 388 000	4 808 000
Total Long-Term Debt	2 926 000	2 912 000	2 912 000	2 922 000
Total Current Debt	11 362 000	13 307 000	4 176 000	6 694 000
Total Equity and Debt	19 604 000	20 970 000	11 476 000	14 425 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	130 853 000	90 937 000	59 837 000	72 738 000
Other Income	5 000	0	13 000	0
Revenue	130 858 000	90 937 000	59 851 000	72 738 000
Cost of Goods Sold	120 184 000	83 450 000	54 781 000	66 937 000
Salary Costs	2 014 000	1 664 000	1 361 000	1 903 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	129 604 000	90 232 000	59 995 000	72 935 000
Operating Profit	1 254 000	706 000	−144 000	−197 000
Financial Income	93 000	30 000	10 000	61 000
Financial Costs	347 000	266 000	397 000	718 000
Financial Balance	−254 000	−236 000	−387 000	−657 000
Dividends	200 000	0	0	0
Net Income	765 000	362 000	−420 000	−680 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	254 000	488 000	597 000	485 000
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	254 000	488 000	597 000	485 000
Stock	1 037 000	680 000	397 000	450 000
Total Investments	0	0	0	0
Cash, Bank	557 000	432 000	1 936 000	831 000
Total Current Assets	19 350 000	20 482 000	10 879 000	13 939 000
Total Assets	19 604 000	20 970 000	11 476 000	14 425 000
Total Equity	5 316 000	4 751 000	4 388 000	4 808 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 926 000	2 912 000	2 912 000	2 922 000
Creditors	10 538 000	12 649 000	3 825 000	1 703 000
Unpaid Taxes	142 000	144 000	134 000	138 000
Dividends	200 000	0	0	0
Other Current Debt	481 000	514 000	217 000	460 000
Total Current Debt	11 362 000	13 307 000	4 176 000	6 694 000
Total Equity and Debt	19 604 000	20 970 000	11 476 000	14 425 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,39 %	7,62 %	−9,57 %	−14,14 %
Debt-to-Equity Ratio	0,55	0,61	0,66	0,61
Operating Profit Margin	0,96 %	0,78 %	−0,24 %	−0,27 %
Current Ratio	1,7	1,54	2,61	2,08
Quick Ratio	1,87	1,62	2,88	2,23
Equity Ratio	0,27	0,23	0,38	0,33
Gross Profit Margin	8,16 %	8,23 %	8,47 %	7,98 %