POLAR HOLDING AS

7041 TRONDHEIM

Finances

Return on Equity

62,53 %

Current Ratio

2,73

Debt-to-Equity Ratio

0,64

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	52 000	154 000	152 000
Net Income	8 656 000	1 740 000	1 634 000	1 164 000
Total Assets	23 385 000	16 185 000	17 499 000	17 233 000
Total Equity	13 844 000	5 431 000	4 990 000	4 056 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	52 000	154 000	152 000
Expenditure	39 000	328 000	147 000	143 000
Operating Profit	−39 000	−276 000	8 000	9 000
Financial Income	9 071 000	2 300 000	2 067 000	1 576 000
Financial Costs	376 000	284 000	441 000	421 000
Financial Balance	8 695 000	2 016 000	1 626 000	1 155 000
Earnings Before Tax	8 656 000	1 740 000	1 634 000	1 164 000
Tax	0	0	0	0
Net Income	8 656 000	1 740 000	1 634 000	1 164 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	21 654 000	12 539 000	16 190 000	15 769 000
Total Current Assets	1 732 000	3 646 000	1 309 000	1 465 000
Total Assets	23 385 000	16 185 000	17 499 000	17 233 000
Total Retained Equity	12 468 000	4 055 000	3 614 000	2 680 000
Total Equity	13 844 000	5 431 000	4 990 000	4 056 000
Total Long-Term Debt	8 907 000	9 491 000	10 075 000	10 659 000
Total Current Debt	635 000	1 264 000	2 434 000	2 518 000
Total Equity and Debt	23 385 000	16 185 000	17 499 000	17 233 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	52 000	154 000	152 000
Revenue	0	52 000	154 000	152 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	32 000	76 000	76 000
Impairment	0	0	0	0
Expenditure	39 000	328 000	147 000	143 000
Operating Profit	−39 000	−276 000	8 000	9 000
Financial Income	9 071 000	2 300 000	2 067 000	1 576 000
Financial Costs	376 000	284 000	441 000	421 000
Financial Balance	8 695 000	2 016 000	1 626 000	1 155 000
Dividends	0	0	700 000	500 000
Net Income	8 656 000	1 740 000	1 634 000	1 164 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	3 579 000	3 654 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	3 579 000	3 654 000
Total Fiancial Fixed Assets	21 654 000	12 539 000	12 612 000	12 114 000
Total Fixed Assets	21 654 000	12 539 000	16 190 000	15 769 000
Stock	0	0	0	0
Total Investments	55 000	72 000	65 000	522 000
Cash, Bank	1 113 000	2 689 000	1 024 000	670 000
Total Current Assets	1 732 000	3 646 000	1 309 000	1 465 000
Total Assets	23 385 000	16 185 000	17 499 000	17 233 000
Total Equity	13 844 000	5 431 000	4 990 000	4 056 000
Short-Term Group Debt	628 000	1 258 000	1 733 000	1 999 000
Total Long-Term Debt	8 907 000	9 491 000	10 075 000	10 659 000
Creditors	4 000	4 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	700 000	500 000
Other Current Debt	2 000	1 000	1 000	20 000
Total Current Debt	635 000	1 264 000	2 434 000	2 518 000
Total Equity and Debt	23 385 000	16 185 000	17 499 000	17 233 000

Financial indicators	2022	2021	2020	2019
Return on Equity	62,53 %	32,04 %	32,75 %	28,7 %
Debt-to-Equity Ratio	0,64	1,75	2,02	2,63
Operating Profit Margin	-	−530,77 %	5,19 %	5,92 %
Current Ratio	2,73	2,88	0,54	0,58
Quick Ratio	2,73	2,88	0,54	0,58
Equity Ratio	0,59	0,34	0,29	0,24
Gross Profit Margin	-	100 %	100 %	100 %