HD OIL TECHNOLOGY OILTECH AS

4020 STAVANGER

Finances

Return on Equity

−100,14 %

Current Ratio

14,4

Debt-to-Equity Ratio

3,8

Key figures (NOK)	2022	2021	2020	2019
Revenue	879 000	4 851 000	674 000	2 342 000
Net Income	−697 000	2 291 000	−1 669 000	−1 078 000
Total Assets	3 586 000	5 293 000	2 094 000	3 300 000
Total Equity	696 000	1 393 000	−898 000	771 000

Income (NOK)	2022	2021	2020	2019
Revenue	879 000	4 851 000	674 000	2 342 000
Expenditure	2 623 000	2 978 000	2 915 000	3 821 000
Operating Profit	−1 744 000	1 874 000	−2 241 000	−1 478 000
Financial Income	1 048 000	582 000	572 000	400 000
Financial Costs	1 000	165 000	0	0
Financial Balance	1 047 000	417 000	572 000	400 000
Earnings Before Tax	−697 000	2 291 000	−1 669 000	−1 078 000
Tax	0	0	0	0
Net Income	−697 000	2 291 000	−1 669 000	−1 078 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	59 000	139 000	172 000	255 000
Total Current Assets	3 527 000	5 154 000	1 922 000	3 045 000
Total Assets	3 586 000	5 293 000	2 094 000	3 300 000
Total Retained Equity	−146 000	551 000	−1 740 000	−70 000
Total Equity	696 000	1 393 000	−898 000	771 000
Total Long-Term Debt	2 646 000	3 746 000	2 754 000	1 980 000
Total Current Debt	245 000	154 000	237 000	549 000
Total Equity and Debt	3 586 000	5 293 000	2 094 000	3 300 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	772 000	1 488 000	672 000	2 338 000
Other Income	107 000	3 364 000	2 000	5 000
Revenue	879 000	4 851 000	674 000	2 342 000
Cost of Goods Sold	300 000	880 000	907 000	1 058 000
Salary Costs	827 000	811 000	814 000	1 395 000
Depreciation	80 000	83 000	83 000	92 000
Impairment	0	0	0	0
Expenditure	2 623 000	2 978 000	2 915 000	3 821 000
Operating Profit	−1 744 000	1 874 000	−2 241 000	−1 478 000
Financial Income	1 048 000	582 000	572 000	400 000
Financial Costs	1 000	165 000	0	0
Financial Balance	1 047 000	417 000	572 000	400 000
Dividends	0	0	0	0
Net Income	−697 000	2 291 000	−1 669 000	−1 078 000

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	9 000	89 000	172 000	255 000
Total Tangible Assets	9 000	89 000	172 000	255 000
Total Fiancial Fixed Assets	50 000	50 000	0	0
Total Fixed Assets	59 000	139 000	172 000	255 000
Stock	2 981 000	3 231 000	822 000	1 135 000
Total Investments	0	0	0	0
Cash, Bank	508 000	1 453 000	429 000	895 000
Total Current Assets	3 527 000	5 154 000	1 922 000	3 045 000
Total Assets	3 586 000	5 293 000	2 094 000	3 300 000
Total Equity	696 000	1 393 000	−898 000	771 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 646 000	3 746 000	2 754 000	1 980 000
Creditors	8 000	0	39 000	378 000
Unpaid Taxes	140 000	54 000	101 000	16 000
Dividends	0	0	0	0
Other Current Debt	97 000	100 000	97 000	155 000
Total Current Debt	245 000	154 000	237 000	549 000
Total Equity and Debt	3 586 000	5 293 000	2 094 000	3 300 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−100,14 %	164,47 %	185,86 %	−139,82 %
Debt-to-Equity Ratio	3,8	2,69	−3,07	2,57
Operating Profit Margin	−198,41 %	38,63 %	−332,49 %	−63,11 %
Current Ratio	14,4	33,47	8,11	5,55
Quick Ratio	−1,29	−1,68	−3,29	−5,2
Equity Ratio	0,19	0,26	−0,43	0,23
Gross Profit Margin	65,87 %	81,86 %	−34,57 %	54,82 %