POLARENERGI AS

6222 IKORNNES

Finances

Share Ownership

Return on Equity

7,69 %

Current Ratio

1,61

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	831 000	843 000	379 000	485 000
Net Income	14 000	109 000	−3 000	92 000
Total Assets	337 000	257 000	91 000	207 000
Total Equity	182 000	168 000	59 000	62 000

Income (NOK)	2022	2021	2020	2019
Revenue	831 000	843 000	379 000	485 000
Expenditure	812 000	717 000	381 000	394 000
Operating Profit	17 000	126 000	−3 000	91 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	17 000	127 000	−3 000	92 000
Tax	4 000	18 000	0	0
Net Income	14 000	109 000	−3 000	92 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	93 000	0	0	0
Total Current Assets	244 000	257 000	91 000	207 000
Total Assets	337 000	257 000	91 000	207 000
Total Retained Equity	156 000	143 000	34 000	37 000
Total Equity	182 000	168 000	59 000	62 000
Total Long-Term Debt	3 000	0	0	0
Total Current Debt	152 000	89 000	32 000	144 000
Total Equity and Debt	337 000	257 000	91 000	207 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	831 000	843 000	379 000	485 000
Other Income	0	0	0	0
Revenue	831 000	843 000	379 000	485 000
Cost of Goods Sold	602 000	557 000	254 000	272 000
Salary Costs	10 000	9 000	4 000	0
Depreciation	8 000	0	0	0
Impairment	0	0	0	0
Expenditure	812 000	717 000	381 000	394 000
Operating Profit	17 000	126 000	−3 000	91 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	14 000	109 000	−3 000	92 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	93 000	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	93 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	93 000	0	0	0
Stock	77 000	38 000	12 000	34 000
Total Investments	0	0	0	0
Cash, Bank	141 000	145 000	78 000	173 000
Total Current Assets	244 000	257 000	91 000	207 000
Total Assets	337 000	257 000	91 000	207 000
Total Equity	182 000	168 000	59 000	62 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 000	0	0	0
Creditors	129 000	22 000	5 000	94 000
Unpaid Taxes	22 000	49 000	26 000	50 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	152 000	89 000	32 000	144 000
Total Equity and Debt	337 000	257 000	91 000	207 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,69 %	64,88 %	−5,08 %	148,39 %
Debt-to-Equity Ratio	0,02	0	0	0
Operating Profit Margin	2,05 %	14,95 %	−0,79 %	18,76 %
Current Ratio	1,61	2,89	2,84	1,44
Quick Ratio	3,25	5,04	4,55	1,88
Equity Ratio	0,54	0,65	0,65	0,3
Gross Profit Margin	27,56 %	33,93 %	32,98 %	43,92 %