POLAR SEAFROZEN AS

6092 FOSNAVÅG

Finances

Return on Equity

30,01 %

Current Ratio

1,19

Debt-to-Equity Ratio

0,34

Key figures (NOK)	2022	2021	2020	2019
Revenue	563 924 000	440 149 000	299 409 000	363 849 000
Net Income	4 696 000	6 250 000	4 149 000	4 257 000
Total Assets	91 475 000	67 145 000	44 579 000	60 205 000
Total Equity	15 648 000	13 961 000	15 209 000	15 694 000

Income (NOK)	2022	2021	2020	2019
Revenue	563 924 000	440 149 000	299 409 000	363 849 000
Expenditure	555 256 000	430 605 000	291 916 000	355 507 000
Operating Profit	8 669 000	9 544 000	7 493 000	8 342 000
Financial Income	2 014 000	2 165 000	2 180 000	990 000
Financial Costs	4 586 000	3 660 000	4 210 000	3 840 000
Financial Balance	−2 572 000	−1 495 000	−2 030 000	−2 850 000
Earnings Before Tax	6 097 000	8 049 000	5 463 000	5 492 000
Tax	1 401 000	1 800 000	1 314 000	1 235 000
Net Income	4 696 000	6 250 000	4 149 000	4 257 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 845 000	125 000	141 000	516 000
Total Current Assets	83 630 000	67 021 000	44 439 000	59 689 000
Total Assets	91 475 000	67 145 000	44 579 000	60 205 000
Total Retained Equity	1 690 000	10 703 000	11 452 000	11 134 000
Total Equity	15 648 000	13 961 000	15 209 000	15 694 000
Total Long-Term Debt	5 300 000	0	0	0
Total Current Debt	70 528 000	53 185 000	29 370 000	44 511 000
Total Equity and Debt	91 475 000	67 145 000	44 579 000	60 205 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	563 118 000	440 039 000	299 329 000	363 021 000
Other Income	805 000	109 000	80 000	829 000
Revenue	563 924 000	440 149 000	299 409 000	363 849 000
Cost of Goods Sold	508 383 000	393 428 000	266 297 000	326 255 000
Salary Costs	6 414 000	6 158 000	4 947 000	5 215 000
Depreciation	247 000	87 000	86 000	90 000
Impairment	0	0	0	0
Expenditure	555 256 000	430 605 000	291 916 000	355 507 000
Operating Profit	8 669 000	9 544 000	7 493 000	8 342 000
Financial Income	2 014 000	2 165 000	2 180 000	990 000
Financial Costs	4 586 000	3 660 000	4 210 000	3 840 000
Financial Balance	−2 572 000	−1 495 000	−2 030 000	−2 850 000
Dividends	3 009 000	0	0	1 000 000
Net Income	4 696 000	6 250 000	4 149 000	4 257 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 011 000	19 000	24 000	12 000
Real Eastate	5 913 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	915 000	100 000	111 000	198 000
Total Tangible Assets	6 828 000	100 000	111 000	198 000
Total Fiancial Fixed Assets	6 000	6 000	6 000	306 000
Total Fixed Assets	7 845 000	125 000	141 000	516 000
Stock	10 926 000	13 772 000	866 000	8 930 000
Total Investments	0	0	0	0
Cash, Bank	3 339 000	546 000	27 440 000	24 383 000
Total Current Assets	83 630 000	67 021 000	44 439 000	59 689 000
Total Assets	91 475 000	67 145 000	44 579 000	60 205 000
Total Equity	15 648 000	13 961 000	15 209 000	15 694 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 300 000	0	0	0
Creditors	23 912 000	28 853 000	26 394 000	40 435 000
Unpaid Taxes	596 000	762 000	330 000	367 000
Dividends	3 009 000	0	0	1 000 000
Other Current Debt	1 472 000	1 300 000	1 320 000	1 515 000
Total Current Debt	70 528 000	53 185 000	29 370 000	44 511 000
Total Equity and Debt	91 475 000	67 145 000	44 579 000	60 205 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,01 %	44,77 %	27,28 %	27,13 %
Debt-to-Equity Ratio	0,34	0	0	0
Operating Profit Margin	1,54 %	2,17 %	2,5 %	2,29 %
Current Ratio	1,19	1,26	1,51	1,34
Quick Ratio	1,4	1,7	1,56	1,68
Equity Ratio	0,17	0,21	0,34	0,26
Gross Profit Margin	9,85 %	10,61 %	11,06 %	10,33 %