POLARFISK- AS

8178 HALSA

Finances

Share Ownership

Return on Equity

−22,11 %

Current Ratio

1,72

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	320 000	122 000	14 000	32 000
Net Income	−6 399 000	−4 734 000	−3 100 000	−1 208 000
Total Assets	38 359 000	27 573 000	23 378 000	12 628 000
Total Equity	28 947 000	24 154 000	12 500 000	3 433 000

Income (NOK)	2021	2020	2019	2018
Revenue	320 000	122 000	14 000	32 000
Expenditure	6 667 000	6 603 000	3 730 000	2 997 000
Operating Profit	−6 348 000	−4 706 000	−2 314 000	−1 147 000
Financial Income	3 000	3 000	3 000	1 000
Financial Costs	54 000	31 000	788 000	63 000
Financial Balance	−51 000	−28 000	−785 000	−62 000
Earnings Before Tax	−6 399 000	−4 734 000	−3 100 000	−1 208 000
Tax	0	0	0	0
Net Income	−6 399 000	−4 734 000	−3 100 000	−1 208 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	22 214 000	12 552 000	8 225 000	3 420 000
Total Current Assets	16 145 000	15 022 000	15 153 000	9 208 000
Total Assets	38 359 000	27 573 000	23 378 000	12 628 000
Total Retained Equity	−19 727 000	−13 328 000	−8 593 000	−5 494 000
Total Equity	28 947 000	24 154 000	12 500 000	3 433 000
Total Long-Term Debt	36 000	111 000	203 000	276 000
Total Current Debt	9 376 000	3 308 000	10 675 000	8 919 000
Total Equity and Debt	38 359 000	27 573 000	23 378 000	12 628 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	320 000	122 000	−1 000	32 000
Other Income	0	0	15 000	0
Revenue	320 000	122 000	14 000	32 000
Cost of Goods Sold	146 000	122 000	101 000	62 000
Salary Costs	2 758 000	2 150 000	1 081 000	1 507 000
Depreciation	596 000	569 000	414 000	284 000
Impairment	0	0	0	0
Expenditure	6 667 000	6 603 000	3 730 000	2 997 000
Operating Profit	−6 348 000	−4 706 000	−2 314 000	−1 147 000
Financial Income	3 000	3 000	3 000	1 000
Financial Costs	54 000	31 000	788 000	63 000
Financial Balance	−51 000	−28 000	−785 000	−62 000
Dividends	0	0	0	0
Net Income	−6 399 000	−4 734 000	−3 100 000	−1 208 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	207 000	241 000	346 000	310 000
Real Eastate	19 798 000	10 530 000	6 450 000	2 094 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 209 000	1 781 000	1 430 000	1 016 000
Total Tangible Assets	22 007 000	12 311 000	7 880 000	3 110 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	22 214 000	12 552 000	8 225 000	3 420 000
Stock	8 657 000	8 657 000	6 693 000	5 289 000
Total Investments	0	0	0	0
Cash, Bank	2 101 000	4 749 000	7 366 000	3 574 000
Total Current Assets	16 145 000	15 022 000	15 153 000	9 208 000
Total Assets	38 359 000	27 573 000	23 378 000	12 628 000
Total Equity	28 947 000	24 154 000	12 500 000	3 433 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	36 000	111 000	203 000	276 000
Creditors	8 665 000	2 528 000	2 023 000	268 000
Unpaid Taxes	193 000	399 000	14 000	8 000
Dividends	0	0	0	0
Other Current Debt	517 000	381 000	8 639 000	8 643 000
Total Current Debt	9 376 000	3 308 000	10 675 000	8 919 000
Total Equity and Debt	38 359 000	27 573 000	23 378 000	12 628 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−22,11 %	−19,6 %	−24,8 %	−35,19 %
Debt-to-Equity Ratio	0	0	0,02	0,08
Operating Profit Margin	−1 983,75 %	−3 857,38 %	−16 528,57 %	−3 584,38 %
Current Ratio	1,72	4,54	1,42	1,03
Quick Ratio	22,45	−2,81	3,81	2,54
Equity Ratio	0,75	0,88	0,53	0,27
Gross Profit Margin	54,38 %	0 %	−621,43 %	−93,75 %