H.I.G. PETRO AS

0161 OSLO

Finances

Return on Equity

−1,05 %

Current Ratio

1,83

Debt-to-Equity Ratio

6,96

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−613 000	−7 592 000	−19 619 000	−9 504 000
Total Assets	479 627 000	278 479 000	239 253 000	253 159 000
Total Equity	58 659 000	41 694 000	16 756 000	27 329 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	574 000	375 000	384 000	484 000
Operating Profit	−574 000	−375 000	−384 000	−484 000
Financial Income	16 085 000	209 000	13 265 000	0
Financial Costs	18 243 000	13 401 000	35 050 000	9 020 000
Financial Balance	−2 158 000	−13 192 000	−21 785 000	−9 020 000
Earnings Before Tax	−2 733 000	−13 567 000	−22 170 000	−9 504 000
Tax	−2 119 000	−5 975 000	−2 551 000	0
Net Income	−613 000	−7 592 000	−19 619 000	−9 504 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	455 979 000	232 353 000	220 639 000	253 075 000
Total Current Assets	23 648 000	46 126 000	18 614 000	84 000
Total Assets	479 627 000	278 479 000	239 253 000	253 159 000
Total Retained Equity	−48 519 000	−47 906 000	−40 314 000	−20 695 000
Total Equity	58 659 000	41 694 000	16 756 000	27 329 000
Total Long-Term Debt	408 034 000	222 239 000	222 497 000	224 982 000
Total Current Debt	12 934 000	14 546 000	0	847 000
Total Equity and Debt	479 627 000	278 479 000	239 253 000	253 159 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	574 000	375 000	384 000	484 000
Operating Profit	−574 000	−375 000	−384 000	−484 000
Financial Income	16 085 000	209 000	13 265 000	0
Financial Costs	18 243 000	13 401 000	35 050 000	9 020 000
Financial Balance	−2 158 000	−13 192 000	−21 785 000	−9 020 000
Dividends	0	0	0	0
Net Income	−613 000	−7 592 000	−19 619 000	−9 504 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
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	455 979 000	232 353 000	220 639 000	253 075 000
Total Fixed Assets	455 979 000	232 353 000	220 639 000	253 075 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	61 000	4 207 000	1 937 000	81 000
Total Current Assets	23 648 000	46 126 000	18 614 000	84 000
Total Assets	479 627 000	278 479 000	239 253 000	253 159 000
Total Equity	58 659 000	41 694 000	16 756 000	27 329 000
Short-Term Group Debt	12 903 000	14 546 000	0	575 000
Total Long-Term Debt	408 034 000	222 239 000	222 497 000	224 982 000
Creditors	23 000	0	0	20 000
Unpaid Taxes	8 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	252 000
Total Current Debt	12 934 000	14 546 000	0	847 000
Total Equity and Debt	479 627 000	278 479 000	239 253 000	253 159 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,05 %	−18,21 %	−117,09 %	−34,78 %
Debt-to-Equity Ratio	6,96	5,33	13,28	8,23
Operating Profit Margin	-	-	-	-
Current Ratio	1,83	3,17	-	0,1
Quick Ratio	1,83	3,17	-	0,1
Equity Ratio	0,12	0,15	0,07	0,11
Gross Profit Margin	-	-	-	-