PETROLEUM TECHNOLOGY COMPANY AS

4032 STAVANGER

Finances

Return on Equity

54,05 %

Current Ratio

2,11

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	525 156 000	501 864 000	519 523 000	485 105 000
Net Income	184 639 000	93 558 000	96 767 000	79 576 000
Total Assets	634 590 000	614 257 000	523 631 000	470 268 000
Total Equity	341 610 000	470 999 000	382 634 000	295 124 000

Income (NOK)	2022	2021	2020	2019
Revenue	525 156 000	501 864 000	519 523 000	485 105 000
Expenditure	386 860 000	386 009 000	408 021 000	382 843 000
Operating Profit	138 296 000	115 855 000	111 502 000	102 262 000
Financial Income	83 318 000	538 000	653 000	1 221 000
Financial Costs	3 950 000	7 485 000	−2 182 000	5 268 000
Financial Balance	79 368 000	−6 947 000	2 835 000	−4 047 000
Earnings Before Tax	217 664 000	108 908 000	114 337 000	98 215 000
Tax	33 024 000	15 350 000	17 570 000	18 639 000
Net Income	184 639 000	93 558 000	96 767 000	79 576 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	96 934 000	83 695 000	81 637 000	73 244 000
Total Current Assets	537 656 000	530 562 000	441 994 000	397 024 000
Total Assets	634 590 000	614 257 000	523 631 000	470 268 000
Total Retained Equity	211 616 000	341 509 000	245 973 000	161 609 000
Total Equity	341 610 000	470 999 000	382 634 000	295 124 000
Total Long-Term Debt	38 038 000	10 812 000	12 822 000	10 786 000
Total Current Debt	254 943 000	132 446 000	128 175 000	164 359 000
Total Equity and Debt	634 590 000	614 257 000	523 631 000	470 269 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	525 156 000	501 864 000	519 523 000	485 105 000
Other Income	0	0	0	0
Revenue	525 156 000	501 864 000	519 523 000	485 105 000
Cost of Goods Sold	187 401 000	162 787 000	179 512 000	170 996 000
Salary Costs	149 959 000	167 418 000	167 748 000	153 609 000
Depreciation	24 380 000	24 283 000	23 117 000	20 243 000
Impairment	0	0	0	0
Expenditure	386 860 000	386 009 000	408 021 000	382 843 000
Operating Profit	138 296 000	115 855 000	111 502 000	102 262 000
Financial Income	83 318 000	538 000	653 000	1 221 000
Financial Costs	3 950 000	7 485 000	−2 182 000	5 268 000
Financial Balance	79 368 000	−6 947 000	2 835 000	−4 047 000
Dividends	159 996 000	0	0	0
Net Income	184 639 000	93 558 000	96 767 000	79 576 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	47 440 000	51 825 000	53 639 000	52 926 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	9 163 000	11 917 000	11 379 000	8 249 000
Fixtures	17 919 000	19 953 000	16 619 000	11 712 000
Total Tangible Assets	27 082 000	31 870 000	27 998 000	19 961 000
Total Fiancial Fixed Assets	22 413 000	0	0	357 000
Total Fixed Assets	96 934 000	83 695 000	81 637 000	73 244 000
Stock	116 464 000	89 691 000	103 906 000	79 118 000
Total Investments	0	0	0	0
Cash, Bank	72 129 000	174 162 000	31 852 000	30 892 000
Total Current Assets	537 656 000	530 562 000	441 994 000	397 024 000
Total Assets	634 590 000	614 257 000	523 631 000	470 268 000
Total Equity	341 610 000	470 999 000	382 634 000	295 124 000
Short-Term Group Debt	94 295 000	0	0	0
Total Long-Term Debt	38 038 000	10 812 000	12 822 000	10 786 000
Creditors	39 378 000	30 321 000	37 808 000	56 344 000
Unpaid Taxes	12 757 000	9 834 000	9 925 000	21 270 000
Dividends	159 996 000	0	0	0
Other Current Debt	100 594 000	78 855 000	57 272 000	70 445 000
Total Current Debt	254 943 000	132 446 000	128 175 000	164 359 000
Total Equity and Debt	634 590 000	614 257 000	523 631 000	470 269 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,05 %	19,86 %	25,29 %	26,96 %
Debt-to-Equity Ratio	0,11	0,02	0,03	0,04
Operating Profit Margin	26,33 %	23,08 %	21,46 %	21,08 %
Current Ratio	2,11	4,01	3,45	2,42
Quick Ratio	3,88	12,41	18,21	4,66
Equity Ratio	0,54	0,77	0,73	0,63
Gross Profit Margin	64,32 %	67,56 %	65,45 %	64,75 %