POLAR LIFT AS

9610 RYPEFJORD

Finances

Share Ownership

Return on Equity

25,48 %

Current Ratio

2,49

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 846 000	15 349 000	12 346 000	8 384 000
Net Income	3 093 000	3 961 000	3 724 000	674 000
Total Assets	19 388 000	19 924 000	16 515 000	11 845 000
Total Equity	12 141 000	12 049 000	11 088 000	10 364 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 846 000	15 349 000	12 346 000	8 384 000
Expenditure	8 787 000	10 197 000	7 568 000	7 507 000
Operating Profit	4 060 000	5 152 000	4 779 000	877 000
Financial Income	1 000	0	3 000	5 000
Financial Costs	96 000	74 000	7 000	17 000
Financial Balance	−95 000	−74 000	−4 000	−12 000
Earnings Before Tax	3 965 000	5 078 000	4 775 000	865 000
Tax	872 000	1 117 000	1 050 000	191 000
Net Income	3 093 000	3 961 000	3 724 000	674 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 805 000	8 497 000	3 060 000	2 486 000
Total Current Assets	11 583 000	11 428 000	13 455 000	9 358 000
Total Assets	19 388 000	19 924 000	16 515 000	11 845 000
Total Retained Equity	4 139 000	4 047 000	3 086 000	2 362 000
Total Equity	12 141 000	12 049 000	11 088 000	10 364 000
Total Long-Term Debt	2 600 000	2 798 000	135 000	465 000
Total Current Debt	4 647 000	5 078 000	5 293 000	1 016 000
Total Equity and Debt	19 388 000	19 924 000	16 515 000	11 845 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 231 000	13 806 000	11 960 000	8 004 000
Other Income	1 615 000	1 543 000	386 000	380 000
Revenue	12 846 000	15 349 000	12 346 000	8 384 000
Cost of Goods Sold	558 000	1 082 000	124 000	77 000
Salary Costs	2 672 000	2 749 000	2 762 000	2 533 000
Depreciation	697 000	986 000	589 000	556 000
Impairment	0	0	0	0
Expenditure	8 787 000	10 197 000	7 568 000	7 507 000
Operating Profit	4 060 000	5 152 000	4 779 000	877 000
Financial Income	1 000	0	3 000	5 000
Financial Costs	96 000	74 000	7 000	17 000
Financial Balance	−95 000	−74 000	−4 000	−12 000
Dividends	3 000 000	3 000 000	3 000 000	0
Net Income	3 093 000	3 961 000	3 724 000	674 000

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	7 805 000	8 497 000	3 060 000	2 486 000
Fixtures	0	0	0	0
Total Tangible Assets	7 805 000	8 497 000	3 060 000	2 486 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 805 000	8 497 000	3 060 000	2 486 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 416 000	10 263 000	11 776 000	8 052 000
Total Current Assets	11 583 000	11 428 000	13 455 000	9 358 000
Total Assets	19 388 000	19 924 000	16 515 000	11 845 000
Total Equity	12 141 000	12 049 000	11 088 000	10 364 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 600 000	2 798 000	135 000	465 000
Creditors	474 000	785 000	491 000	322 000
Unpaid Taxes	275 000	198 000	407 000	163 000
Dividends	3 000 000	3 000 000	3 000 000	0
Other Current Debt	338 000	353 000	343 000	321 000
Total Current Debt	4 647 000	5 078 000	5 293 000	1 016 000
Total Equity and Debt	19 388 000	19 924 000	16 515 000	11 845 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,48 %	32,87 %	33,59 %	6,5 %
Debt-to-Equity Ratio	0,21	0,23	0,01	0,04
Operating Profit Margin	31,61 %	33,57 %	38,71 %	10,46 %
Current Ratio	2,49	2,25	2,54	9,21
Quick Ratio	2,49	2,25	2,54	9,21
Equity Ratio	0,63	0,6	0,67	0,87
Gross Profit Margin	95,66 %	92,95 %	99 %	99,08 %