POLARKANTEN AS

0250 OSLO

Finances

Share Ownership

Return on Equity

15,06 %

Current Ratio

16,25

Debt-to-Equity Ratio

2,58

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 320 000	23 337 000	22 283 000	21 384 000
Net Income	14 028 000	2 628 000	1 734 000	−2 629 000
Total Assets	334 272 000	332 566 000	342 186 000	354 976 000
Total Equity	93 176 000	79 148 000	80 520 000	86 587 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 320 000	23 337 000	22 283 000	21 384 000
Expenditure	11 039 000	12 157 000	12 250 000	16 615 000
Operating Profit	13 281 000	11 180 000	10 034 000	4 769 000
Financial Income	14 252 000	3 000	28 000	109 000
Financial Costs	9 457 000	7 722 000	8 113 000	8 412 000
Financial Balance	4 795 000	−7 719 000	−8 085 000	−8 303 000
Earnings Before Tax	18 077 000	3 461 000	1 949 000	−3 533 000
Tax	4 049 000	833 000	215 000	−904 000
Net Income	14 028 000	2 628 000	1 734 000	−2 629 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	321 418 000	329 346 000	338 813 000	345 268 000
Total Current Assets	12 854 000	3 220 000	3 373 000	9 709 000
Total Assets	334 272 000	332 566 000	342 186 000	354 976 000
Total Retained Equity	16 656 000	2 628 000	0	−5 448 000
Total Equity	93 176 000	79 148 000	80 520 000	86 587 000
Total Long-Term Debt	240 306 000	246 996 000	251 173 000	255 968 000
Total Current Debt	791 000	6 421 000	10 493 000	12 422 000
Total Equity and Debt	334 272 000	332 566 000	342 186 000	354 976 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	24 320 000	0	0	0
Other Income	0	23 337 000	22 283 000	21 384 000
Revenue	24 320 000	23 337 000	22 283 000	21 384 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	8 290 000	9 522 000	9 548 000	14 447 000
Impairment	0	0	0	0
Expenditure	11 039 000	12 157 000	12 250 000	16 615 000
Operating Profit	13 281 000	11 180 000	10 034 000	4 769 000
Financial Income	14 252 000	3 000	28 000	109 000
Financial Costs	9 457 000	7 722 000	8 113 000	8 412 000
Financial Balance	4 795 000	−7 719 000	−8 085 000	−8 303 000
Dividends	0	4 000 000	7 800 000	0
Net Income	14 028 000	2 628 000	1 734 000	−2 629 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	14 634 000	14 960 000	15 286 000	15 612 000
Total Intangible Assets	14 634 000	14 960 000	15 286 000	15 612 000
Real Eastate	304 272 000	311 345 000	318 724 000	323 416 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	199 000	1 630 000	3 062 000
Total Tangible Assets	304 272 000	311 543 000	320 354 000	326 477 000
Total Fiancial Fixed Assets	2 513 000	2 843 000	3 173 000	3 178 000
Total Fixed Assets	321 418 000	329 346 000	338 813 000	345 268 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	12 168 000	2 781 000	2 169 000	5 776 000
Total Current Assets	12 854 000	3 220 000	3 373 000	9 709 000
Total Assets	334 272 000	332 566 000	342 186 000	354 976 000
Total Equity	93 176 000	79 148 000	80 520 000	86 587 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	240 306 000	246 996 000	251 173 000	255 968 000
Creditors	298 000	361 000	805 000	475 000
Unpaid Taxes	0	33 000	0	0
Dividends	0	4 000 000	7 800 000	0
Other Current Debt	493 000	2 027 000	1 887 000	2 107 000
Total Current Debt	791 000	6 421 000	10 493 000	12 422 000
Total Equity and Debt	334 272 000	332 566 000	342 186 000	354 976 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,06 %	3,32 %	2,15 %	−3,04 %
Debt-to-Equity Ratio	2,58	3,12	3,12	2,96
Operating Profit Margin	54,61 %	47,91 %	45,03 %	22,3 %
Current Ratio	16,25	0,5	0,32	0,78
Quick Ratio	16,25	0,5	0,32	0,78
Equity Ratio	0,28	0,24	0,24	0,24
Gross Profit Margin	100 %	100 %	100 %	100 %