PETRO AS

4023 STAVANGER

Finances

Return on Equity

−2,61 %

Current Ratio

0,29

Debt-to-Equity Ratio

1,32

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 700 000	1 388 000	567 000	0
Net Income	−13 000	333 000	128 000	−3 000
Total Assets	3 159 000	1 437 000	1 402 000	50 000
Total Equity	498 000	511 000	178 000	50 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 700 000	1 388 000	567 000	0
Expenditure	1 630 000	934 000	402 000	3 000
Operating Profit	70 000	454 000	165 000	−3 000
Financial Income	0	2 000	0	0
Financial Costs	86 000	29 000	4 000	0
Financial Balance	−86 000	−27 000	−4 000	0
Earnings Before Tax	−16 000	427 000	161 000	−3 000
Tax	−3 000	93 000	33 000	0
Net Income	−13 000	333 000	128 000	−3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 576 000	1 327 000	1 289 000	34 000
Total Current Assets	583 000	109 000	112 000	16 000
Total Assets	3 159 000	1 437 000	1 402 000	50 000
Total Retained Equity	438 000	451 000	118 000	−4 000
Total Equity	498 000	511 000	178 000	50 000
Total Long-Term Debt	659 000	0	0	0
Total Current Debt	2 003 000	925 000	1 224 000	0
Total Equity and Debt	3 159 000	1 437 000	1 402 000	50 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 700 000	1 388 000	567 000	0
Other Income	0	0	0	0
Revenue	1 700 000	1 388 000	567 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	1 586 000	890 000	384 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 630 000	934 000	402 000	3 000
Operating Profit	70 000	454 000	165 000	−3 000
Financial Income	0	2 000	0	0
Financial Costs	86 000	29 000	4 000	0
Financial Balance	−86 000	−27 000	−4 000	0
Dividends	0	0	0	0
Net Income	−13 000	333 000	128 000	−3 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 000	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	2 573 000	1 327 000	1 289 000	34 000
Total Fixed Assets	2 576 000	1 327 000	1 289 000	34 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	68 000	105 000	111 000	16 000
Total Current Assets	583 000	109 000	112 000	16 000
Total Assets	3 159 000	1 437 000	1 402 000	50 000
Total Equity	498 000	511 000	178 000	50 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	659 000	0	0	0
Creditors	1 000	4 000	1 000	0
Unpaid Taxes	87 000	63 000	133 000	0
Dividends	0	0	0	0
Other Current Debt	1 915 000	765 000	1 056 000	0
Total Current Debt	2 003 000	925 000	1 224 000	0
Total Equity and Debt	3 159 000	1 437 000	1 402 000	50 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,61 %	65,17 %	71,91 %	−6 %
Debt-to-Equity Ratio	1,32	0	0	0
Operating Profit Margin	4,12 %	32,71 %	29,1 %	-
Current Ratio	0,29	0,12	0,09	-
Quick Ratio	0,29	0,12	0,09	-
Equity Ratio	0,16	0,36	0,13	1
Gross Profit Margin	100 %	100 %	100 %	-