POLARIS MEDIA ASA: årsregnskap 2024 vs 2023
Grew 8% on revenue, returned to profit, cash halved-plus
approved 2025-05-13; registry 2025-08-02; journal 2025 578399
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for POLARIS MEDIA ASA. Revenue 23.16m NOK → 25.00m NOK (+7.9%). Net result -25.56m NOK → +2.92bn NOK. Equity 225.74m NOK → 2.32m NOK.
On the constructive side: revenue rose; turned profitable; owners injected capital. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for POLARIS MEDIA ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 23.16m NOK to 25.00m NOK (+7.9% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 25.56m NOK to a profit of 2.92bn NOK. Calculated
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Owners injected capital
Paid-in equity rose 225.74m NOK → 226.00m NOK (+260.0k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -93.41m NOK → -98.00m NOK (op. margin -403.2% → -392.0%). Calculated
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↓
Equity eroded
Book equity 225.74m NOK → 2.32m NOK (equity ratio 12.4% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 111.00m NOK → 233.0k NOK (-99.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (111.00m NOK → 233.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 9.52m NOK → 7.41m NOK (-22.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.58bn NOK → 16 NOK. Reported fact