WELLESLEY PETROLEUM AS

4013 STAVANGER

Finances

Share Ownership

Return on Equity

77,36 %

Current Ratio

2,58

Debt-to-Equity Ratio

0,89

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 062 001 000	295 000	2 707 000	838 168 000
Net Income	917 686 000	−154 192 000	−185 070 000	601 553 000
Total Assets	2 755 052 000	2 290 358 000	2 315 288 000	1 677 312 000
Total Equity	1 186 266 000	457 797 000	526 949 000	462 692 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 062 001 000	295 000	2 707 000	838 168 000
Expenditure	549 772 000	450 155 000	690 616 000	778 883 000
Operating Profit	512 229 000	−449 860 000	−687 909 000	59 285 000
Financial Income	53 447 000	5 921 000	45 142 000	17 968 000
Financial Costs	62 600 000	34 249 000	88 085 000	70 078 000
Financial Balance	−9 153 000	−28 328 000	−42 943 000	−52 110 000
Earnings Before Tax	503 076 000	−478 188 000	−730 852 000	7 175 000
Tax	−414 610 000	−323 996 000	−545 782 000	−594 378 000
Net Income	917 686 000	−154 192 000	−185 070 000	601 553 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 440 109 000	1 542 810 000	1 270 403 000	775 866 000
Total Current Assets	1 314 943 000	747 548 000	1 044 885 000	901 446 000
Total Assets	2 755 052 000	2 290 358 000	2 315 288 000	1 677 312 000
Total Retained Equity	−99 548 000	−377 009 000	−222 817 000	−37 747 000
Total Equity	1 186 266 000	457 797 000	526 949 000	462 692 000
Total Long-Term Debt	1 058 424 000	1 088 072 000	837 733 000	449 932 000
Total Current Debt	510 362 000	744 489 000	950 606 000	764 688 000
Total Equity and Debt	2 755 052 000	2 290 358 000	2 315 288 000	1 677 312 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 062 001 000	295 000	2 707 000	838 168 000
Revenue	1 062 001 000	295 000	2 707 000	838 168 000
Cost of Goods Sold	480 722 000	357 367 000	640 279 000	672 092 000
Salary Costs	52 180 000	73 737 000	37 657 000	65 707 000
Depreciation	1 753 000	2 297 000	3 773 000	3 913 000
Impairment	0	0	0	0
Expenditure	549 772 000	450 155 000	690 616 000	778 883 000
Operating Profit	512 229 000	−449 860 000	−687 909 000	59 285 000
Financial Income	53 447 000	5 921 000	45 142 000	17 968 000
Financial Costs	62 600 000	34 249 000	88 085 000	70 078 000
Financial Balance	−9 153 000	−28 328 000	−42 943 000	−52 110 000
Dividends	0	0	0	0
Net Income	917 686 000	−154 192 000	−185 070 000	601 553 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 433 088 000	1 534 036 000	1 266 919 000	768 610 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	7 021 000	8 774 000	3 484 000	7 256 000
Total Tangible Assets	7 021 000	8 774 000	3 484 000	7 256 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 440 109 000	1 542 810 000	1 270 403 000	775 866 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	738 709 000	119 710 000	49 513 000	53 905 000
Total Current Assets	1 314 943 000	747 548 000	1 044 885 000	901 446 000
Total Assets	2 755 052 000	2 290 358 000	2 315 288 000	1 677 312 000
Total Equity	1 186 266 000	457 797 000	526 949 000	462 692 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 058 424 000	1 088 072 000	837 733 000	449 932 000
Creditors	90 414 000	285 877 000	139 568 000	150 281 000
Unpaid Taxes	8 948 000	0	4 488 000	9 407 000
Dividends	0	0	0	0
Other Current Debt	0	9 337 000	0	0
Total Current Debt	510 362 000	744 489 000	950 606 000	764 688 000
Total Equity and Debt	2 755 052 000	2 290 358 000	2 315 288 000	1 677 312 000

Financial indicators	2022	2021	2020	2019
Return on Equity	77,36 %	−33,68 %	−35,12 %	130,01 %
Debt-to-Equity Ratio	0,89	2,38	1,59	0,97
Operating Profit Margin	48,23 %	−152 494,92 %	−25 412,23 %	7,07 %
Current Ratio	2,58	1	1,1	1,18
Quick Ratio	2,58	1	1,1	1,18
Equity Ratio	0,43	0,2	0,23	0,28
Gross Profit Margin	54,73 %	−121 041,36 %	−23 552,72 %	19,81 %