POLYFUELS AS

0355 OSLO

Finances

Share Ownership

Return on Equity

24,46 %

Current Ratio

0,78

Debt-to-Equity Ratio

−1,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	875 000	0	65 000	46 000
Net Income	−3 953 000	−2 769 000	−3 733 000	−1 442 000
Total Assets	3 264 000	2 206 000	1 437 000	503 000
Total Equity	−16 161 000	−12 208 000	−9 439 000	−5 706 000

Income (NOK)	2022	2021	2020	2019
Revenue	875 000	0	65 000	46 000
Expenditure	4 702 000	2 483 000	3 618 000	1 462 000
Operating Profit	−3 827 000	−2 483 000	−3 553 000	−1 416 000
Financial Income	73 000	0	0	0
Financial Costs	199 000	286 000	180 000	26 000
Financial Balance	−126 000	−286 000	−180 000	−26 000
Earnings Before Tax	−3 953 000	−2 769 000	−3 733 000	−1 442 000
Tax	0	0	0	0
Net Income	−3 953 000	−2 769 000	−3 733 000	−1 442 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 913 000	1 334 000	1 105 000	444 000
Total Current Assets	1 351 000	873 000	331 000	58 000
Total Assets	3 264 000	2 206 000	1 437 000	503 000
Total Retained Equity	−16 334 000	−12 381 000	−9 612 000	−5 879 000
Total Equity	−16 161 000	−12 208 000	−9 439 000	−5 706 000
Total Long-Term Debt	17 703 000	10 393 000	5 188 000	3 542 000
Total Current Debt	1 722 000	4 022 000	5 688 000	2 667 000
Total Equity and Debt	3 264 000	2 206 000	1 437 000	503 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 000	0	65 000	46 000
Other Income	864 000	0	0	0
Revenue	875 000	0	65 000	46 000
Cost of Goods Sold	0	136 000	764 000	30 000
Salary Costs	281 000	−95 000	594 000	234 000
Depreciation	59 000	59 000	59 000	59 000
Impairment	0	0	0	0
Expenditure	4 702 000	2 483 000	3 618 000	1 462 000
Operating Profit	−3 827 000	−2 483 000	−3 553 000	−1 416 000
Financial Income	73 000	0	0	0
Financial Costs	199 000	286 000	180 000	26 000
Financial Balance	−126 000	−286 000	−180 000	−26 000
Dividends	0	0	0	0
Net Income	−3 953 000	−2 769 000	−3 733 000	−1 442 000

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	59 000	117 000	176 000	235 000
Total Tangible Assets	59 000	117 000	176 000	235 000
Total Fiancial Fixed Assets	1 855 000	1 216 000	929 000	210 000
Total Fixed Assets	1 913 000	1 334 000	1 105 000	444 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	40 000	4 000	18 000	19 000
Total Current Assets	1 351 000	873 000	331 000	58 000
Total Assets	3 264 000	2 206 000	1 437 000	503 000
Total Equity	−16 161 000	−12 208 000	−9 439 000	−5 706 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	17 703 000	10 393 000	5 188 000	3 542 000
Creditors	447 000	970 000	1 721 000	458 000
Unpaid Taxes	−18 000	1 529 000	1 247 000	182 000
Dividends	0	0	0	0
Other Current Debt	1 293 000	1 523 000	2 719 000	2 027 000
Total Current Debt	1 722 000	4 022 000	5 688 000	2 667 000
Total Equity and Debt	3 264 000	2 206 000	1 437 000	503 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,46 %	22,68 %	39,55 %	25,27 %
Debt-to-Equity Ratio	−1,1	−0,85	−0,55	−0,62
Operating Profit Margin	−437,37 %	-	−5 466,15 %	−3 078,26 %
Current Ratio	0,78	0,22	0,06	0,02
Quick Ratio	0,78	0,22	0,06	0,02
Equity Ratio	−4,95	−5,53	−6,57	−11,34
Gross Profit Margin	100 %	-	−1 075,38 %	34,78 %