PETROENGINEERING AS

5267 ESPELAND

Finances

Share Ownership

Return on Equity

15,83 %

Current Ratio

7,11

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 883 000	6 465 000	3 054 000	3 359 000
Net Income	1 135 000	3 877 000	1 143 000	1 545 000
Total Assets	8 966 000	9 327 000	5 153 000	4 593 000
Total Equity	7 169 000	6 435 000	4 058 000	3 415 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 883 000	6 465 000	3 054 000	3 359 000
Expenditure	1 539 000	1 519 000	1 610 000	1 852 000
Operating Profit	1 344 000	4 946 000	1 444 000	1 508 000
Financial Income	352 000	20 000	22 000	375 000
Financial Costs	265 000	0	0	0
Financial Balance	87 000	20 000	22 000	375 000
Earnings Before Tax	1 431 000	4 966 000	1 466 000	1 882 000
Tax	297 000	1 089 000	322 000	338 000
Net Income	1 135 000	3 877 000	1 143 000	1 545 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	23 000	8 569 000	1 037 000	1 019 000
Total Current Assets	8 943 000	758 000	4 115 000	3 574 000
Total Assets	8 966 000	9 327 000	5 153 000	4 593 000
Total Retained Equity	7 069 000	6 335 000	3 958 000	3 315 000
Total Equity	7 169 000	6 435 000	4 058 000	3 415 000
Total Long-Term Debt	540 000	674 000	0	0
Total Current Debt	1 257 000	2 217 000	1 094 000	1 177 000
Total Equity and Debt	8 966 000	9 327 000	5 153 000	4 593 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 883 000	2 628 000	3 050 000	3 179 000
Other Income	0	3 837 000	5 000	180 000
Revenue	2 883 000	6 465 000	3 054 000	3 359 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 241 000	1 248 000	1 230 000	1 223 000
Depreciation	11 000	10 000	10 000	1 000
Impairment	0	0	0	0
Expenditure	1 539 000	1 519 000	1 610 000	1 852 000
Operating Profit	1 344 000	4 946 000	1 444 000	1 508 000
Financial Income	352 000	20 000	22 000	375 000
Financial Costs	265 000	0	0	0
Financial Balance	87 000	20 000	22 000	375 000
Dividends	400 000	1 500 000	500 000	0
Net Income	1 135 000	3 877 000	1 143 000	1 545 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	955 000	955 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	23 000	11 000	39 000	21 000
Total Tangible Assets	23 000	11 000	994 000	976 000
Total Fiancial Fixed Assets	0	8 558 000	43 000	43 000
Total Fixed Assets	23 000	8 569 000	1 037 000	1 019 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	8 252 000	188 000	3 831 000	2 808 000
Total Current Assets	8 943 000	758 000	4 115 000	3 574 000
Total Assets	8 966 000	9 327 000	5 153 000	4 593 000
Total Equity	7 169 000	6 435 000	4 058 000	3 415 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	540 000	674 000	0	0
Creditors	0	0	2 000	14 000
Unpaid Taxes	276 000	156 000	279 000	285 000
Dividends	400 000	1 500 000	500 000	0
Other Current Debt	550 000	1 647 000	491 000	541 000
Total Current Debt	1 257 000	2 217 000	1 094 000	1 177 000
Total Equity and Debt	8 966 000	9 327 000	5 153 000	4 593 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,83 %	60,25 %	28,17 %	45,24 %
Debt-to-Equity Ratio	0,08	0,1	0	0
Operating Profit Margin	46,62 %	76,5 %	47,28 %	44,89 %
Current Ratio	7,11	0,34	3,76	3,04
Quick Ratio	7,11	0,34	3,76	3,04
Equity Ratio	0,8	0,69	0,79	0,74
Gross Profit Margin	100 %	100 %	100 %	100 %