NORTH EUROPEAN OIL TRADE AS

0277 OSLO

Finances

Share Ownership

Return on Equity

34,19 %

Current Ratio

1,02

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	22 165 217 000	11 056 926 000	8 466 153 000	13 395 877 000
Net Income	12 801 000	−17 145 000	8 072 000	−7 890 000
Total Assets	2 162 842 000	1 450 473 000	1 124 132 000	1 987 465 000
Total Equity	37 437 000	24 635 000	41 780 000	33 708 000

Income (NOK)	2022	2021	2020	2019
Revenue	22 165 217 000	11 056 926 000	8 466 153 000	13 395 877 000
Expenditure	21 959 576 000	10 668 413 000	8 656 218 000	13 242 338 000
Operating Profit	205 641 000	388 513 000	−190 065 000	153 539 000
Financial Income	166 290 000	24 291 000	341 016 000	95 756 000
Financial Costs	354 153 000	435 544 000	139 246 000	259 978 000
Financial Balance	−187 863 000	−411 253 000	201 770 000	−164 222 000
Earnings Before Tax	17 778 000	−22 740 000	11 705 000	−10 683 000
Tax	4 977 000	−5 595 000	3 633 000	−2 793 000
Net Income	12 801 000	−17 145 000	8 072 000	−7 890 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	4 977 000	0	735 000
Total Current Assets	2 162 842 000	1 445 496 000	1 124 132 000	1 986 730 000
Total Assets	2 162 842 000	1 450 473 000	1 124 132 000	1 987 465 000
Total Retained Equity	28 437 000	15 635 000	32 780 000	24 708 000
Total Equity	37 437 000	24 635 000	41 780 000	33 708 000
Total Long-Term Debt	0	0	618 000	0
Total Current Debt	2 125 406 000	1 425 839 000	1 081 736 000	1 953 757 000
Total Equity and Debt	2 162 843 000	1 450 474 000	1 124 134 000	1 987 465 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 165 217 000	11 056 926 000	8 466 153 000	13 395 877 000
Other Income	0	0	0	0
Revenue	22 165 217 000	11 056 926 000	8 466 153 000	13 395 877 000
Cost of Goods Sold	21 932 824 000	10 641 996 000	8 626 909 000	13 213 283 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	21 959 576 000	10 668 413 000	8 656 218 000	13 242 338 000
Operating Profit	205 641 000	388 513 000	−190 065 000	153 539 000
Financial Income	166 290 000	24 291 000	341 016 000	95 756 000
Financial Costs	354 153 000	435 544 000	139 246 000	259 978 000
Financial Balance	−187 863 000	−411 253 000	201 770 000	−164 222 000
Dividends	0	0	0	0
Net Income	12 801 000	−17 145 000	8 072 000	−7 890 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	4 977 000	0	735 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	4 977 000	0	735 000
Stock	1 174 424 000	757 422 000	808 305 000	1 353 701 000
Total Investments	10 706 000	186 000	2 828 000	0
Cash, Bank	1 169 000	1 006 000	927 000	1 713 000
Total Current Assets	2 162 842 000	1 445 496 000	1 124 132 000	1 986 730 000
Total Assets	2 162 842 000	1 450 473 000	1 124 132 000	1 987 465 000
Total Equity	37 437 000	24 635 000	41 780 000	33 708 000
Short-Term Group Debt	175 309 000	329 530 000	30 711 000	492 461 000
Total Long-Term Debt	0	0	618 000	0
Creditors	696 762 000	403 314 000	236 982 000	561 837 000
Unpaid Taxes	245 739 000	307 137 000	141 441 000	212 071 000
Dividends	0	0	0	0
Other Current Debt	30 470 000	2 667 000	414 000	1 961 000
Total Current Debt	2 125 406 000	1 425 839 000	1 081 736 000	1 953 757 000
Total Equity and Debt	2 162 843 000	1 450 474 000	1 124 134 000	1 987 465 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,19 %	−69,6 %	19,32 %	−23,41 %
Debt-to-Equity Ratio	0	0	0,01	0
Operating Profit Margin	0,93 %	3,51 %	−2,24 %	1,15 %
Current Ratio	1,02	1,01	1,04	1,02
Quick Ratio	2,27	2,16	4,11	3,31
Equity Ratio	0,02	0,02	0,04	0,02
Gross Profit Margin	1,05 %	3,75 %	−1,9 %	1,36 %