PETRO WELL SERVICES AS

6002 ÅLESUND

Finances

Return on Equity

58,98 %

Current Ratio

0,26

Debt-to-Equity Ratio

2,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	26 276 000	10 215 000	875 000	344 000
Net Income	28 675 000	−22 895 000	−25 875 000	−41 145 000
Total Assets	202 668 000	167 957 000	177 757 000	202 876 000
Total Equity	48 617 000	19 899 000	2 961 000	34 872 000

Income (NOK)	2022	2021	2020	2019
Revenue	26 276 000	10 215 000	875 000	344 000
Expenditure	−16 503 000	34 529 000	36 614 000	43 220 000
Operating Profit	42 778 000	−24 315 000	−35 740 000	−42 876 000
Financial Income	9 000	100 000	57 792 000	18 689 000
Financial Costs	5 917 000	5 042 000	54 509 000	28 556 000
Financial Balance	−5 908 000	−4 942 000	3 283 000	−9 867 000
Earnings Before Tax	36 870 000	−29 257 000	−32 457 000	−52 744 000
Tax	8 195 000	−6 363 000	−6 582 000	−11 598 000
Net Income	28 675 000	−22 895 000	−25 875 000	−41 145 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	191 315 000	159 587 000	176 689 000	195 310 000
Total Current Assets	11 353 000	8 370 000	1 068 000	7 565 000
Total Assets	202 668 000	167 957 000	177 757 000	202 876 000
Total Retained Equity	0	0	0	0
Total Equity	48 617 000	19 899 000	2 961 000	34 872 000
Total Long-Term Debt	111 045 000	112 616 000	147 673 000	144 626 000
Total Current Debt	43 006 000	35 442 000	27 123 000	23 378 000
Total Equity and Debt	202 668 000	167 957 000	177 757 000	202 876 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	26 276 000	10 215 000	114 000	344 000
Other Income	0	0	761 000	0
Revenue	26 276 000	10 215 000	875 000	344 000
Cost of Goods Sold	13 224 000	4 426 000	2 522 000	4 227 000
Salary Costs	3 451 000	4 430 000	6 846 000	4 244 000
Depreciation	−39 532 000	23 579 000	23 586 000	23 838 000
Impairment	0	0	866 000	0
Expenditure	−16 503 000	34 529 000	36 614 000	43 220 000
Operating Profit	42 778 000	−24 315 000	−35 740 000	−42 876 000
Financial Income	9 000	100 000	57 792 000	18 689 000
Financial Costs	5 917 000	5 042 000	54 509 000	28 556 000
Financial Balance	−5 908 000	−4 942 000	3 283 000	−9 867 000
Dividends	0	0	0	0
Net Income	28 675 000	−22 895 000	−25 875 000	−41 145 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	25 851 000	34 593 000	28 750 000	23 457 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	43 000	16 000	4 000	17 000
Total Tangible Assets	165 195 000	124 994 000	147 938 000	171 852 000
Total Fiancial Fixed Assets	270 000	0	0	2 000
Total Fixed Assets	191 315 000	159 587 000	176 689 000	195 310 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	7 393 000	749 000	304 000	254 000
Total Current Assets	11 353 000	8 370 000	1 068 000	7 565 000
Total Assets	202 668 000	167 957 000	177 757 000	202 876 000
Total Equity	48 617 000	19 899 000	2 961 000	34 872 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	111 045 000	112 616 000	147 673 000	144 626 000
Creditors	5 820 000	3 315 000	1 559 000	2 717 000
Unpaid Taxes	749 000	1 803 000	237 000	250 000
Dividends	0	0	0	0
Other Current Debt	36 437 000	30 325 000	25 327 000	20 411 000
Total Current Debt	43 006 000	35 442 000	27 123 000	23 378 000
Total Equity and Debt	202 668 000	167 957 000	177 757 000	202 876 000

Financial indicators	2022	2021	2020	2019
Return on Equity	58,98 %	−115,06 %	−873,86 %	−117,99 %
Debt-to-Equity Ratio	2,28	5,66	49,87	4,15
Operating Profit Margin	162,8 %	−238,03 %	−4 084,57 %	−12 463,95 %
Current Ratio	0,26	0,24	0,04	0,32
Quick Ratio	0,26	0,24	0,04	0,32
Equity Ratio	0,24	0,12	0,02	0,17
Gross Profit Margin	49,67 %	56,67 %	−188,23 %	−1 128,78 %