SPABUTIKKEN POLARBAD AS

7550 HOMMELVIK

Finances

Return on Equity

11,52 %

Current Ratio

1,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	21 735 000	34 674 000	34 519 000	30 080 000
Net Income	543 000	8 617 000	7 659 000	4 542 000
Total Assets	17 653 000	15 469 000	13 463 000	17 092 000
Total Equity	4 712 000	4 219 000	1 601 000	942 000

Income (NOK)	2022	2021	2020	2019
Revenue	21 735 000	34 674 000	34 519 000	30 080 000
Expenditure	21 067 000	23 641 000	24 630 000	24 196 000
Operating Profit	668 000	11 033 000	9 889 000	5 883 000
Financial Income	10 000	16 000	25 000	14 000
Financial Costs	17 000	15 000	92 000	54 000
Financial Balance	−7 000	1 000	−67 000	−40 000
Earnings Before Tax	661 000	11 034 000	9 822 000	5 843 000
Tax	118 000	2 417 000	2 163 000	1 301 000
Net Income	543 000	8 617 000	7 659 000	4 542 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 722 000	1 948 000	2 276 000	2 559 000
Total Current Assets	15 931 000	13 521 000	11 186 000	14 533 000
Total Assets	17 653 000	15 469 000	13 463 000	17 092 000
Total Retained Equity	4 682 000	4 189 000	1 571 000	912 000
Total Equity	4 712 000	4 219 000	1 601 000	942 000
Total Long-Term Debt	0	38 000	69 000	0
Total Current Debt	12 941 000	11 213 000	11 792 000	16 150 000
Total Equity and Debt	17 653 000	15 469 000	13 463 000	17 092 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	21 733 000	34 620 000	34 504 000	29 933 000
Other Income	2 000	54 000	15 000	146 000
Revenue	21 735 000	34 674 000	34 519 000	30 080 000
Cost of Goods Sold	11 789 000	13 308 000	13 563 000	14 058 000
Salary Costs	3 702 000	5 125 000	5 899 000	4 439 000
Depreciation	329 000	328 000	344 000	349 000
Impairment	0	0	0	0
Expenditure	21 067 000	23 641 000	24 630 000	24 196 000
Operating Profit	668 000	11 033 000	9 889 000	5 883 000
Financial Income	10 000	16 000	25 000	14 000
Financial Costs	17 000	15 000	92 000	54 000
Financial Balance	−7 000	1 000	−67 000	−40 000
Dividends	0	6 000 000	7 000 000	4 000 000
Net Income	543 000	8 617 000	7 659 000	4 542 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	12 000	0	0	1 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 548 000	1 787 000	2 115 000	2 390 000
Total Tangible Assets	1 548 000	1 787 000	2 115 000	2 390 000
Total Fiancial Fixed Assets	161 000	161 000	161 000	168 000
Total Fixed Assets	1 722 000	1 948 000	2 276 000	2 559 000
Stock	11 580 000	8 946 000	3 344 000	5 168 000
Total Investments	0	0	0	0
Cash, Bank	3 996 000	2 899 000	6 840 000	7 234 000
Total Current Assets	15 931 000	13 521 000	11 186 000	14 533 000
Total Assets	17 653 000	15 469 000	13 463 000	17 092 000
Total Equity	4 712 000	4 219 000	1 601 000	942 000
Short-Term Group Debt	11 064 000	0	0	6 843 000
Total Long-Term Debt	0	38 000	69 000	0
Creditors	476 000	790 000	251 000	2 250 000
Unpaid Taxes	399 000	768 000	435 000	738 000
Dividends	0	6 000 000	7 000 000	4 000 000
Other Current Debt	847 000	1 207 000	2 013 000	980 000
Total Current Debt	12 941 000	11 213 000	11 792 000	16 150 000
Total Equity and Debt	17 653 000	15 469 000	13 463 000	17 092 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,52 %	204,24 %	478,39 %	482,17 %
Debt-to-Equity Ratio	0	0,01	0,04	0
Operating Profit Margin	3,07 %	31,82 %	28,65 %	19,56 %
Current Ratio	1,23	1,21	0,95	0,9
Quick Ratio	11,71	5,96	1,32	1,32
Equity Ratio	0,27	0,27	0,12	0,06
Gross Profit Margin	45,76 %	61,62 %	60,71 %	53,26 %