PETROTECH AS

5514 HAUGESUND

Finances

Return on Equity

−18,99 %

Current Ratio

1,05

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	47 776 000	57 391 000	40 537 000	52 373 000
Net Income	−64 058 000	−38 984 000	−30 634 000	−10 559 000
Total Assets	362 278 000	418 684 000	461 989 000	76 749 000
Total Equity	337 240 000	400 565 000	439 784 000	56 016 000

Income (NOK)	2022	2021	2020	2019
Revenue	47 776 000	57 391 000	40 537 000	52 373 000
Expenditure	59 405 000	67 602 000	55 383 000	59 524 000
Operating Profit	−11 629 000	−10 211 000	−14 846 000	−7 151 000
Financial Income	−46 444 000	−29 459 000	−17 077 000	−2 561 000
Financial Costs	5 985 000	−686 000	−1 295 000	842 000
Financial Balance	−52 429 000	−28 773 000	−15 782 000	−3 403 000
Earnings Before Tax	−64 058 000	−38 984 000	−30 628 000	−10 554 000
Tax	0	0	6 000	5 000
Net Income	−64 058 000	−38 984 000	−30 634 000	−10 559 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	345 166 000	396 685 000	425 171 000	28 679 000
Total Current Assets	17 112 000	21 999 000	36 818 000	48 070 000
Total Assets	362 278 000	418 684 000	461 989 000	76 749 000
Total Retained Equity	−641 114 000	−577 789 000	−538 570 000	−505 154 000
Total Equity	337 240 000	400 565 000	439 784 000	56 016 000
Total Long-Term Debt	8 716 000	8 564 000	8 640 000	6 115 000
Total Current Debt	16 322 000	9 555 000	13 565 000	14 618 000
Total Equity and Debt	362 278 000	418 684 000	461 989 000	76 749 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	47 751 000	57 391 000	40 537 000	38 565 000
Other Income	25 000	0	0	13 808 000
Revenue	47 776 000	57 391 000	40 537 000	52 373 000
Cost of Goods Sold	5 619 000	9 033 000	6 871 000	4 479 000
Salary Costs	40 100 000	42 085 000	36 501 000	39 783 000
Depreciation	3 710 000	4 044 000	3 650 000	2 760 000
Impairment	0	0	0	0
Expenditure	59 405 000	67 602 000	55 383 000	59 524 000
Operating Profit	−11 629 000	−10 211 000	−14 846 000	−7 151 000
Financial Income	−46 444 000	−29 459 000	−17 077 000	−2 561 000
Financial Costs	5 985 000	−686 000	−1 295 000	842 000
Financial Balance	−52 429 000	−28 773 000	−15 782 000	−3 403 000
Dividends	0	0	0	0
Net Income	−64 058 000	−38 984 000	−30 634 000	−10 559 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	6 583 000	6 912 000	7 286 000	7 661 000
Machinery and Plant Facilities	15 498 000	19 780 000	18 031 000	20 884 000
Fixtures	110 000	138 000	165 000	0
Total Tangible Assets	22 191 000	26 830 000	25 482 000	28 545 000
Total Fiancial Fixed Assets	322 975 000	369 855 000	399 689 000	134 000
Total Fixed Assets	345 166 000	396 685 000	425 171 000	28 679 000
Stock	100 000	67 000	158 000	86 000
Total Investments	0	0	0	0
Cash, Bank	4 152 000	5 219 000	6 103 000	3 850 000
Total Current Assets	17 112 000	21 999 000	36 818 000	48 070 000
Total Assets	362 278 000	418 684 000	461 989 000	76 749 000
Total Equity	337 240 000	400 565 000	439 784 000	56 016 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 716 000	8 564 000	8 640 000	6 115 000
Creditors	2 468 000	2 615 000	6 708 000	5 931 000
Unpaid Taxes	2 348 000	2 205 000	2 051 000	2 354 000
Dividends	0	0	0	0
Other Current Debt	6 111 000	0	0	0
Total Current Debt	16 322 000	9 555 000	13 565 000	14 618 000
Total Equity and Debt	362 278 000	418 684 000	461 989 000	76 749 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−18,99 %	−9,73 %	−6,97 %	−18,85 %
Debt-to-Equity Ratio	0,03	0,02	0,02	0,11
Operating Profit Margin	−24,34 %	−17,79 %	−36,62 %	−13,65 %
Current Ratio	1,05	2,3	2,71	3,29
Quick Ratio	1,05	2,32	2,75	3,31
Equity Ratio	0,93	0,96	0,95	0,73
Gross Profit Margin	88,24 %	84,26 %	83,05 %	91,45 %