POLAR KULDESERVICE AS

7075 TILLER

Finances

Share Ownership

Return on Equity

46,77 %

Current Ratio

1,53

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	52 910 000	55 983 000	29 288 000	24 807 000
Net Income	3 343 000	3 162 000	1 560 000	1 937 000
Total Assets	18 034 000	16 059 000	11 293 000	9 286 000
Total Equity	7 148 000	7 805 000	4 643 000	4 082 000

Income (NOK)	2022	2021	2020	2019
Revenue	52 910 000	55 983 000	29 288 000	24 807 000
Expenditure	48 648 000	52 016 000	27 283 000	22 325 000
Operating Profit	4 263 000	3 967 000	2 006 000	2 482 000
Financial Income	54 000	119 000	28 000	22 000
Financial Costs	16 000	4 000	6 000	4 000
Financial Balance	38 000	115 000	22 000	18 000
Earnings Before Tax	4 301 000	4 083 000	2 028 000	2 500 000
Tax	958 000	920 000	468 000	563 000
Net Income	3 343 000	3 162 000	1 560 000	1 937 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 772 000	1 961 000	1 756 000	1 776 000
Total Current Assets	16 262 000	14 098 000	9 537 000	7 510 000
Total Assets	18 034 000	16 059 000	11 293 000	9 286 000
Total Retained Equity	6 948 000	7 605 000	4 443 000	3 882 000
Total Equity	7 148 000	7 805 000	4 643 000	4 082 000
Total Long-Term Debt	265 000	100 000	0	0
Total Current Debt	10 621 000	8 154 000	6 650 000	5 204 000
Total Equity and Debt	18 034 000	16 059 000	11 293 000	9 286 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	52 910 000	55 983 000	29 288 000	24 807 000
Other Income	0	0	0	0
Revenue	52 910 000	55 983 000	29 288 000	24 807 000
Cost of Goods Sold	30 451 000	32 123 000	12 586 000	9 556 000
Salary Costs	13 943 000	14 364 000	9 641 000	8 824 000
Depreciation	335 000	272 000	161 000	143 000
Impairment	0	0	0	0
Expenditure	48 648 000	52 016 000	27 283 000	22 325 000
Operating Profit	4 263 000	3 967 000	2 006 000	2 482 000
Financial Income	54 000	119 000	28 000	22 000
Financial Costs	16 000	4 000	6 000	4 000
Financial Balance	38 000	115 000	22 000	18 000
Dividends	0	0	1 000 000	1 000 000
Net Income	3 343 000	3 162 000	1 560 000	1 937 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	285 000	59 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 702 000	1 356 000	735 000	969 000
Total Tangible Assets	1 702 000	1 356 000	735 000	969 000
Total Fiancial Fixed Assets	70 000	605 000	736 000	749 000
Total Fixed Assets	1 772 000	1 961 000	1 756 000	1 776 000
Stock	1 322 000	1 003 000	784 000	698 000
Total Investments	0	0	0	0
Cash, Bank	9 865 000	7 695 000	5 766 000	4 790 000
Total Current Assets	16 262 000	14 098 000	9 537 000	7 510 000
Total Assets	18 034 000	16 059 000	11 293 000	9 286 000
Total Equity	7 148 000	7 805 000	4 643 000	4 082 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	265 000	100 000	0	0
Creditors	4 599 000	2 566 000	1 015 000	801 000
Unpaid Taxes	2 856 000	2 082 000	1 648 000	1 467 000
Dividends	0	0	1 000 000	1 000 000
Other Current Debt	2 373 000	2 971 000	2 293 000	1 324 000
Total Current Debt	10 621 000	8 154 000	6 650 000	5 204 000
Total Equity and Debt	18 034 000	16 059 000	11 293 000	9 286 000

Financial indicators	2022	2021	2020	2019
Return on Equity	46,77 %	40,51 %	33,6 %	47,45 %
Debt-to-Equity Ratio	0,04	0,01	0	0
Operating Profit Margin	8,06 %	7,09 %	6,85 %	10,01 %
Current Ratio	1,53	1,73	1,43	1,44
Quick Ratio	1,75	1,97	1,63	1,67
Equity Ratio	0,4	0,49	0,41	0,44
Gross Profit Margin	42,45 %	42,62 %	57,03 %	61,48 %