POLARX AS

9170 LONGYEARBYEN

Finances

Return on Equity

54,16 %

Current Ratio

1,88

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	34 690 000	18 851 000	16 295 000	51 025 000
Net Income	2 948 000	−224 000	924 000	349 000
Total Assets	6 914 000	6 444 000	4 813 000	3 031 000
Total Equity	5 443 000	2 495 000	2 718 000	1 794 000

Income (NOK)	2022	2021	2020	2019
Revenue	34 690 000	18 851 000	16 295 000	51 025 000
Expenditure	31 216 000	19 078 000	15 202 000	50 638 000
Operating Profit	3 474 000	−227 000	1 092 000	387 000
Financial Income	26 000	9 000	8 000	25 000
Financial Costs	1 000	5 000	1 000	1 000
Financial Balance	25 000	4 000	7 000	24 000
Earnings Before Tax	3 499 000	−224 000	1 099 000	411 000
Tax	550 000	0	174 000	62 000
Net Income	2 948 000	−224 000	924 000	349 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 149 000	4 277 000	573 000	756 000
Total Current Assets	2 765 000	2 167 000	4 240 000	2 275 000
Total Assets	6 914 000	6 444 000	4 813 000	3 031 000
Total Retained Equity	5 343 000	2 395 000	2 618 000	1 694 000
Total Equity	5 443 000	2 495 000	2 718 000	1 794 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 471 000	3 949 000	2 094 000	1 237 000
Total Equity and Debt	6 914 000	6 444 000	4 813 000	3 031 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	34 510 000	16 489 000	10 895 000	50 278 000
Other Income	180 000	2 362 000	5 399 000	747 000
Revenue	34 690 000	18 851 000	16 295 000	51 025 000
Cost of Goods Sold	3 523 000	1 523 000	4 080 000	30 988 000
Salary Costs	3 584 000	4 844 000	2 436 000	3 855 000
Depreciation	183 000	191 000	183 000	153 000
Impairment	0	0	0	0
Expenditure	31 216 000	19 078 000	15 202 000	50 638 000
Operating Profit	3 474 000	−227 000	1 092 000	387 000
Financial Income	26 000	9 000	8 000	25 000
Financial Costs	1 000	5 000	1 000	1 000
Financial Balance	25 000	4 000	7 000	24 000
Dividends	0	0	0	0
Net Income	2 948 000	−224 000	924 000	349 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	73 000	116 000	160 000	203 000
Machinery and Plant Facilities	151 000	265 000	380 000	494 000
Fixtures	100 000	70 000	34 000	59 000
Total Tangible Assets	324 000	452 000	573 000	756 000
Total Fiancial Fixed Assets	3 825 000	3 825 000	0	0
Total Fixed Assets	4 149 000	4 277 000	573 000	756 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 938 000	1 720 000	818 000	811 000
Total Current Assets	2 765 000	2 167 000	4 240 000	2 275 000
Total Assets	6 914 000	6 444 000	4 813 000	3 031 000
Total Equity	5 443 000	2 495 000	2 718 000	1 794 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	63 000	141 000	67 000	1 096 000
Unpaid Taxes	96 000	81 000	43 000	65 000
Dividends	0	0	0	0
Other Current Debt	762 000	3 727 000	1 810 000	14 000
Total Current Debt	1 471 000	3 949 000	2 094 000	1 237 000
Total Equity and Debt	6 914 000	6 444 000	4 813 000	3 031 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,16 %	−8,98 %	34 %	19,45 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,01 %	−1,2 %	6,7 %	0,76 %
Current Ratio	1,88	0,55	2,02	1,84
Quick Ratio	1,88	0,55	2,02	1,84
Equity Ratio	0,79	0,39	0,56	0,59
Gross Profit Margin	89,84 %	91,92 %	74,96 %	39,27 %