POLAR MILJØ AS

3221 SANDEFJORD

Finances

Share Ownership

Return on Equity

76,51 %

Current Ratio

0,92

Debt-to-Equity Ratio

0,68

Key figures (NOK)	2021	2020	2019	2018
Revenue	49 866 000	27 366 000	34 050 000	22 578 000
Net Income	8 686 000	646 000	4 703 000	1 044 000
Total Assets	48 712 000	23 196 000	26 128 000	17 918 000
Total Equity	11 353 000	4 202 000	4 156 000	1 953 000

Income (NOK)	2021	2020	2019	2018
Revenue	49 866 000	27 366 000	34 050 000	22 578 000
Expenditure	40 415 000	26 238 000	28 703 000	21 267 000
Operating Profit	9 451 000	1 127 000	5 348 000	1 311 000
Financial Income	18 000	412 000	122 000	134 000
Financial Costs	992 000	893 000	767 000	401 000
Financial Balance	−974 000	−481 000	−645 000	−267 000
Earnings Before Tax	8 477 000	646 000	4 703 000	1 044 000
Tax	−208 000	0	0	0
Net Income	8 686 000	646 000	4 703 000	1 044 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	21 476 000	11 473 000	8 577 000	8 310 000
Total Current Assets	27 236 000	11 724 000	17 550 000	9 608 000
Total Assets	48 712 000	23 196 000	26 128 000	17 918 000
Total Retained Equity	7 513 000	362 000	316 000	−1 887 000
Total Equity	11 353 000	4 202 000	4 156 000	1 953 000
Total Long-Term Debt	7 689 000	8 511 000	4 345 000	4 497 000
Total Current Debt	29 670 000	10 483 000	17 626 000	11 468 000
Total Equity and Debt	48 712 000	23 196 000	26 128 000	17 918 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	49 305 000	27 191 000	34 050 000	22 578 000
Other Income	561 000	175 000	0	0
Revenue	49 866 000	27 366 000	34 050 000	22 578 000
Cost of Goods Sold	8 927 000	13 110 000	17 018 000	11 426 000
Salary Costs	14 164 000	6 986 000	6 486 000	5 366 000
Depreciation	1 249 000	708 000	591 000	313 000
Impairment	0	0	0	0
Expenditure	40 415 000	26 238 000	28 703 000	21 267 000
Operating Profit	9 451 000	1 127 000	5 348 000	1 311 000
Financial Income	18 000	412 000	122 000	134 000
Financial Costs	992 000	893 000	767 000	401 000
Financial Balance	−974 000	−481 000	−645 000	−267 000
Dividends	0	600 000	2 500 000	0
Net Income	8 686 000	646 000	4 703 000	1 044 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	312 000	124 000	186 000	248 000
Real Eastate	704 000	0	0	0
Machinery and Plant Facilities	1 844 000	415 000	106 000	119 000
Fixtures	7 273 000	3 544 000	2 205 000	1 598 000
Total Tangible Assets	9 820 000	3 959 000	2 310 000	1 717 000
Total Fiancial Fixed Assets	11 343 000	7 389 000	6 080 000	6 345 000
Total Fixed Assets	21 476 000	11 473 000	8 577 000	8 310 000
Stock	14 562 000	4 666 000	3 412 000	3 750 000
Total Investments	0	0	0	0
Cash, Bank	908 000	423 000	96 000	1 933 000
Total Current Assets	27 236 000	11 724 000	17 550 000	9 608 000
Total Assets	48 712 000	23 196 000	26 128 000	17 918 000
Total Equity	11 353 000	4 202 000	4 156 000	1 953 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 689 000	8 511 000	4 345 000	4 497 000
Creditors	16 336 000	4 397 000	11 664 000	6 513 000
Unpaid Taxes	10 005 000	4 770 000	2 567 000	2 247 000
Dividends	0	600 000	2 500 000	0
Other Current Debt	3 328 000	1 316 000	3 395 000	2 708 000
Total Current Debt	29 670 000	10 483 000	17 626 000	11 468 000
Total Equity and Debt	48 712 000	23 196 000	26 128 000	17 918 000

Financial indicators	2021	2020	2019	2018
Return on Equity	76,51 %	15,37 %	113,16 %	53,46 %
Debt-to-Equity Ratio	0,68	2,03	1,05	2,3
Operating Profit Margin	18,95 %	4,12 %	15,71 %	5,81 %
Current Ratio	0,92	1,12	1	0,84
Quick Ratio	1,8	2,02	1,23	1,24
Equity Ratio	0,23	0,18	0,16	0,11
Gross Profit Margin	82,1 %	52,09 %	50,02 %	49,39 %