POLAR ATLANTIC AS

8178 HALSA

Finances

Share Ownership

Return on Equity

−6,47 %

Current Ratio

0,2

Debt-to-Equity Ratio

3,22

Key figures (NOK)	2021	2020	2019	2018
Revenue	5 534 000	4 785 000	2 131 000	0
Net Income	−433 000	−278 000	−2 395 000	−1 436 000
Total Assets	40 966 000	42 884 000	33 263 000	17 505 000
Total Equity	6 692 000	7 124 000	7 402 000	9 797 000

Income (NOK)	2021	2020	2019	2018
Revenue	5 534 000	4 785 000	2 131 000	0
Expenditure	4 972 000	4 040 000	4 586 000	1 799 000
Operating Profit	562 000	745 000	−2 455 000	−1 799 000
Financial Income	47 000	23 000	27 000	101 000
Financial Costs	1 164 000	1 124 000	641 000	326 000
Financial Balance	−1 117 000	−1 101 000	−614 000	−225 000
Earnings Before Tax	−555 000	−356 000	−3 069 000	−2 024 000
Tax	−122 000	−78 000	−675 000	−588 000
Net Income	−433 000	−278 000	−2 395 000	−1 436 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	38 413 000	40 680 000	31 975 000	5 183 000
Total Current Assets	2 553 000	2 203 000	1 288 000	12 322 000
Total Assets	40 966 000	42 884 000	33 263 000	17 505 000
Total Retained Equity	6 492 000	6 924 000	7 202 000	9 597 000
Total Equity	6 692 000	7 124 000	7 402 000	9 797 000
Total Long-Term Debt	21 559 000	22 466 000	18 579 000	4 292 000
Total Current Debt	12 715 000	13 293 000	7 282 000	3 416 000
Total Equity and Debt	40 966 000	42 884 000	33 263 000	17 505 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	0	1 910 000	0
Other Income	5 534 000	4 785 000	222 000	0
Revenue	5 534 000	4 785 000	2 131 000	0
Cost of Goods Sold	0	0	450 000	0
Salary Costs	659 000	14 000	2 158 000	465 000
Depreciation	1 712 000	1 102 000	618 000	614 000
Impairment	0	0	0	0
Expenditure	4 972 000	4 040 000	4 586 000	1 799 000
Operating Profit	562 000	745 000	−2 455 000	−1 799 000
Financial Income	47 000	23 000	27 000	101 000
Financial Costs	1 164 000	1 124 000	641 000	326 000
Financial Balance	−1 117 000	−1 101 000	−614 000	−225 000
Dividends	0	0	0	0
Net Income	−433 000	−278 000	−2 395 000	−1 436 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	27 310 000	27 310 000	25 410 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	224 000	237 000	251 000	264 000
Fixtures	70 000	88 000	0	0
Total Tangible Assets	9 073 000	13 370 000	6 565 000	5 183 000
Total Fiancial Fixed Assets	2 030 000	0	0	0
Total Fixed Assets	38 413 000	40 680 000	31 975 000	5 183 000
Stock	59 000	65 000	59 000	48 000
Total Investments	0	0	0	0
Cash, Bank	9 000	1 144 000	154 000	157 000
Total Current Assets	2 553 000	2 203 000	1 288 000	12 322 000
Total Assets	40 966 000	42 884 000	33 263 000	17 505 000
Total Equity	6 692 000	7 124 000	7 402 000	9 797 000
Short-Term Group Debt	35 000	1 391 000	1 716 000	0
Total Long-Term Debt	21 559 000	22 466 000	18 579 000	4 292 000
Creditors	8 208 000	8 044 000	2 582 000	214 000
Unpaid Taxes	0	0	0	149 000
Dividends	0	0	0	0
Other Current Debt	3 452 000	3 858 000	2 984 000	3 053 000
Total Current Debt	12 715 000	13 293 000	7 282 000	3 416 000
Total Equity and Debt	40 966 000	42 884 000	33 263 000	17 505 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−6,47 %	−3,9 %	−32,36 %	−14,66 %
Debt-to-Equity Ratio	3,22	3,15	2,51	0,44
Operating Profit Margin	10,16 %	15,57 %	−115,2 %	-
Current Ratio	0,2	0,17	0,18	3,61
Quick Ratio	0,2	0,17	0,18	3,66
Equity Ratio	0,16	0,17	0,22	0,56
Gross Profit Margin	100 %	100 %	78,88 %	-