H.I.G. PETRO II AS

0161 OSLO

Finances

Return on Equity

5,81 %

Current Ratio

1,7

Debt-to-Equity Ratio

15,95

Key figures (NOK)	2022	2021	2020	2019
Revenue	129 939 000	122 903 000	134 611 000	116 909 000
Net Income	6 270 000	21 329 000	25 024 000	8 499 000
Total Assets	1 901 527 000	1 888 265 000	1 905 557 000	1 899 256 000
Total Equity	107 911 000	119 219 000	130 420 000	114 441 000

Income (NOK)	2022	2021	2020	2019
Revenue	129 939 000	122 903 000	134 611 000	116 909 000
Expenditure	49 738 000	44 764 000	44 429 000	44 478 000
Operating Profit	80 201 000	78 139 000	90 181 000	72 431 000
Financial Income	510 000	143 000	126 000	29 000
Financial Costs	70 367 000	48 918 000	56 308 000	59 587 000
Financial Balance	−69 857 000	−48 775 000	−56 182 000	−59 558 000
Earnings Before Tax	10 343 000	29 364 000	33 999 000	12 873 000
Tax	4 073 000	8 035 000	8 975 000	4 373 000
Net Income	6 270 000	21 329 000	25 024 000	8 499 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 777 388 000	1 812 462 000	1 856 081 000	1 882 757 000
Total Current Assets	124 138 000	75 804 000	49 476 000	16 499 000
Total Assets	1 901 527 000	1 888 265 000	1 905 557 000	1 899 256 000
Total Retained Equity	−3 111 000	8 197 000	19 398 000	3 419 000
Total Equity	107 911 000	119 219 000	130 420 000	114 441 000
Total Long-Term Debt	1 720 771 000	1 694 705 000	1 757 108 000	1 761 155 000
Total Current Debt	72 845 000	74 341 000	18 028 000	23 660 000
Total Equity and Debt	1 901 527 000	1 888 265 000	1 905 557 000	1 899 256 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	129 203 000	122 328 000	120 611 000	116 909 000
Other Income	736 000	575 000	14 000 000	0
Revenue	129 939 000	122 903 000	134 611 000	116 909 000
Cost of Goods Sold	1 394 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	36 202 000	35 879 000	35 764 000	35 639 000
Impairment	0	0	0	0
Expenditure	49 738 000	44 764 000	44 429 000	44 478 000
Operating Profit	80 201 000	78 139 000	90 181 000	72 431 000
Financial Income	510 000	143 000	126 000	29 000
Financial Costs	70 367 000	48 918 000	56 308 000	59 587 000
Financial Balance	−69 857 000	−48 775 000	−56 182 000	−59 558 000
Dividends	0	0	0	0
Net Income	6 270 000	21 329 000	25 024 000	8 499 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	78 230 000	84 838 000	91 445 000	98 052 000
Total Intangible Assets	78 230 000	84 838 000	91 445 000	98 052 000
Real Eastate	1 699 158 000	1 727 624 000	1 755 588 000	1 784 705 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 699 158 000	1 727 624 000	1 755 588 000	1 784 705 000
Total Fiancial Fixed Assets	0	0	9 047 000	0
Total Fixed Assets	1 777 388 000	1 812 462 000	1 856 081 000	1 882 757 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	121 071 000	74 278 000	48 210 000	15 221 000
Total Current Assets	124 138 000	75 804 000	49 476 000	16 499 000
Total Assets	1 901 527 000	1 888 265 000	1 905 557 000	1 899 256 000
Total Equity	107 911 000	119 219 000	130 420 000	114 441 000
Short-Term Group Debt	22 536 000	41 706 000	11 597 000	0
Total Long-Term Debt	1 720 771 000	1 694 705 000	1 757 108 000	1 761 155 000
Creditors	1 508 000	554 000	1 064 000	907 000
Unpaid Taxes	0	0	18 000	0
Dividends	0	0	0	0
Other Current Debt	48 625 000	32 082 000	5 349 000	22 753 000
Total Current Debt	72 845 000	74 341 000	18 028 000	23 660 000
Total Equity and Debt	1 901 527 000	1 888 265 000	1 905 557 000	1 899 256 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,81 %	17,89 %	19,19 %	7,43 %
Debt-to-Equity Ratio	15,95	14,22	13,47	15,39
Operating Profit Margin	61,72 %	63,58 %	66,99 %	61,96 %
Current Ratio	1,7	1,02	2,74	0,7
Quick Ratio	1,7	1,02	2,74	0,7
Equity Ratio	0,06	0,06	0,07	0,06
Gross Profit Margin	98,93 %	100 %	100 %	100 %