POLARSNURP AS

6004 ÅLESUND

Finances

Share Ownership

Return on Equity

−2,2 %

Current Ratio

230,5

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 000	18 000	37 000	378 000
Net Income	−112 000	−13 000	65 000	1 123 000
Total Assets	6 054 000	6 157 000	6 162 000	6 908 000
Total Equity	5 093 000	5 205 000	5 218 000	5 153 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 000	18 000	37 000	378 000
Expenditure	22 000	31 000	0	−780 000
Operating Profit	−3 000	−13 000	37 000	1 158 000
Financial Income	25 000	0	28 000	0
Financial Costs	53 000	0	0	36 000
Financial Balance	−28 000	0	28 000	−36 000
Earnings Before Tax	−30 000	−13 000	65 000	1 123 000
Tax	82 000	0	0	0
Net Income	−112 000	−13 000	65 000	1 123 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 133 000	5 079 000	5 240 000	5 951 000
Total Current Assets	922 000	1 078 000	923 000	957 000
Total Assets	6 054 000	6 157 000	6 162 000	6 908 000
Total Retained Equity	4 788 000	4 900 000	4 913 000	4 848 000
Total Equity	5 093 000	5 205 000	5 218 000	5 153 000
Total Long-Term Debt	958 000	934 000	934 000	1 214 000
Total Current Debt	4 000	19 000	11 000	541 000
Total Equity and Debt	6 054 000	6 157 000	6 162 000	6 908 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	18 000	37 000	65 000
Other Income	20 000	0	0	313 000
Revenue	20 000	18 000	37 000	378 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	1 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	22 000	31 000	0	−780 000
Operating Profit	−3 000	−13 000	37 000	1 158 000
Financial Income	25 000	0	28 000	0
Financial Costs	53 000	0	0	36 000
Financial Balance	−28 000	0	28 000	−36 000
Dividends	0	0	0	0
Net Income	−112 000	−13 000	65 000	1 123 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	5 133 000	5 079 000	5 240 000	5 951 000
Total Fixed Assets	5 133 000	5 079 000	5 240 000	5 951 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	12 000	162 000	7 000	11 000
Total Current Assets	922 000	1 078 000	923 000	957 000
Total Assets	6 054 000	6 157 000	6 162 000	6 908 000
Total Equity	5 093 000	5 205 000	5 218 000	5 153 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	958 000	934 000	934 000	1 214 000
Creditors	37 000	41 000	16 000	474 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	−33 000	−22 000	−5 000	68 000
Total Current Debt	4 000	19 000	11 000	541 000
Total Equity and Debt	6 054 000	6 157 000	6 162 000	6 908 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,2 %	−0,25 %	1,25 %	21,79 %
Debt-to-Equity Ratio	0,19	0,18	0,18	0,24
Operating Profit Margin	−15 %	−72,22 %	100 %	306,35 %
Current Ratio	230,5	56,74	83,91	1,77
Quick Ratio	230,5	56,74	83,91	1,77
Equity Ratio	0,84	0,85	0,85	0,75
Gross Profit Margin	100 %	100 %	100 %	100 %