POLARCIRKELEN SKOG & BIOENERGI AS

8630 STORFORSHEIA

Finances

Share Ownership

Return on Equity

388 %

Current Ratio

1,13

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	910 000	1 451 000	1 543 000	1 998 000
Net Income	194 000	−23 000	321 000	−370 000
Total Assets	458 000	180 000	399 000	349 000
Total Equity	50 000	−143 000	−120 000	−441 000

Income (NOK)	2022	2021	2020	2019
Revenue	910 000	1 451 000	1 543 000	1 998 000
Expenditure	631 000	1 457 000	1 094 000	2 415 000
Operating Profit	280 000	−6 000	450 000	−418 000
Financial Income	0	0	0	1 000
Financial Costs	32 000	24 000	39 000	45 000
Financial Balance	−32 000	−24 000	−39 000	−44 000
Earnings Before Tax	248 000	−30 000	411 000	−462 000
Tax	55 000	−6 000	91 000	−92 000
Net Income	194 000	−23 000	321 000	−370 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 000	57 000	81 000	224 000
Total Current Assets	452 000	122 000	318 000	124 000
Total Assets	458 000	180 000	399 000	349 000
Total Retained Equity	−50 000	−243 000	−220 000	−541 000
Total Equity	50 000	−143 000	−120 000	−441 000
Total Long-Term Debt	7 000	0	0	0
Total Current Debt	401 000	323 000	519 000	789 000
Total Equity and Debt	458 000	180 000	399 000	349 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	910 000	1 451 000	1 543 000	1 998 000
Other Income	0	0	0	0
Revenue	910 000	1 451 000	1 543 000	1 998 000
Cost of Goods Sold	278 000	682 000	177 000	426 000
Salary Costs	24 000	226 000	227 000	552 000
Depreciation	4 000	30 000	53 000	51 000
Impairment	0	0	0	0
Expenditure	631 000	1 457 000	1 094 000	2 415 000
Operating Profit	280 000	−6 000	450 000	−418 000
Financial Income	0	0	0	1 000
Financial Costs	32 000	24 000	39 000	45 000
Financial Balance	−32 000	−24 000	−39 000	−44 000
Dividends	0	0	0	0
Net Income	194 000	−23 000	321 000	−370 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	48 000	41 000	132 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	6 000	10 000	40 000	92 000
Fixtures	0	0	0	0
Total Tangible Assets	6 000	10 000	40 000	92 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	6 000	57 000	81 000	224 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	25 000	21 000	32 000	17 000
Total Current Assets	452 000	122 000	318 000	124 000
Total Assets	458 000	180 000	399 000	349 000
Total Equity	50 000	−143 000	−120 000	−441 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 000	0	0	0
Creditors	96 000	59 000	282 000	141 000
Unpaid Taxes	134 000	57 000	154 000	−16 000
Dividends	0	0	0	0
Other Current Debt	104 000	67 000	56 000	490 000
Total Current Debt	401 000	323 000	519 000	789 000
Total Equity and Debt	458 000	180 000	399 000	349 000

Financial indicators	2022	2021	2020	2019
Return on Equity	388 %	16,08 %	−267,5 %	83,9 %
Debt-to-Equity Ratio	0,14	−0	−0	−0
Operating Profit Margin	30,77 %	−0,41 %	29,16 %	−20,92 %
Current Ratio	1,13	0,38	0,61	0,16
Quick Ratio	1,13	0,38	0,61	0,16
Equity Ratio	0,11	−0,79	−0,3	−1,26
Gross Profit Margin	69,45 %	53 %	88,53 %	78,68 %