VERITAS PETROLEUM SERVICES AS

0150 OSLO

Finances

Return on Equity

−8,61 %

Current Ratio

0,21

Debt-to-Equity Ratio

0,45

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 673 000	13 655 000	6 068 000	5 074 000
Net Income	−13 954 000	−4 364 000	−378 000	612 000
Total Assets	247 601 000	248 024 000	193 737 000	192 123 000
Total Equity	162 135 000	176 089 000	180 453 000	180 831 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 673 000	13 655 000	6 068 000	5 074 000
Expenditure	21 879 000	17 188 000	6 264 000	5 405 000
Operating Profit	−11 206 000	−3 533 000	−196 000	−331 000
Financial Income	254 000	252 000	420 000	1 164 000
Financial Costs	3 457 000	1 458 000	702 000	21 000
Financial Balance	−3 203 000	−1 206 000	−282 000	1 143 000
Earnings Before Tax	−14 409 000	−4 739 000	−478 000	812 000
Tax	−455 000	−375 000	−100 000	200 000
Net Income	−13 954 000	−4 364 000	−378 000	612 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	244 865 000	241 275 000	186 187 000	186 136 000
Total Current Assets	2 736 000	6 749 000	7 550 000	5 987 000
Total Assets	247 601 000	248 024 000	193 737 000	192 123 000
Total Retained Equity	32 074 000	46 028 000	50 392 000	50 770 000
Total Equity	162 135 000	176 089 000	180 453 000	180 831 000
Total Long-Term Debt	72 393 000	48 804 000	0	0
Total Current Debt	13 073 000	23 131 000	13 284 000	11 292 000
Total Equity and Debt	247 601 000	248 024 000	193 737 000	192 123 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 657 000	6 601 000	6 068 000	5 074 000
Other Income	7 016 000	7 054 000	0	0
Revenue	10 673 000	13 655 000	6 068 000	5 074 000
Cost of Goods Sold	0	0	0	0
Salary Costs	20 951 000	13 534 000	4 953 000	3 823 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	21 879 000	17 188 000	6 264 000	5 405 000
Operating Profit	−11 206 000	−3 533 000	−196 000	−331 000
Financial Income	254 000	252 000	420 000	1 164 000
Financial Costs	3 457 000	1 458 000	702 000	21 000
Financial Balance	−3 203 000	−1 206 000	−282 000	1 143 000
Dividends	0	0	0	0
Net Income	−13 954 000	−4 364 000	−378 000	612 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 430 000	975 000	599 000	499 000
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	243 435 000	240 300 000	185 588 000	185 637 000
Total Fixed Assets	244 865 000	241 275 000	186 187 000	186 136 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	660 000	476 000	2 862 000	1 879 000
Total Current Assets	2 736 000	6 749 000	7 550 000	5 987 000
Total Assets	247 601 000	248 024 000	193 737 000	192 123 000
Total Equity	162 135 000	176 089 000	180 453 000	180 831 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	72 393 000	48 804 000	0	0
Creditors	410 000	531 000	442 000	480 000
Unpaid Taxes	135 000	247 000	251 000	235 000
Dividends	0	0	0	0
Other Current Debt	12 528 000	22 353 000	12 591 000	10 577 000
Total Current Debt	13 073 000	23 131 000	13 284 000	11 292 000
Total Equity and Debt	247 601 000	248 024 000	193 737 000	192 123 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,61 %	−2,48 %	−0,21 %	0,34 %
Debt-to-Equity Ratio	0,45	0,28	0	0
Operating Profit Margin	−104,99 %	−25,87 %	−3,23 %	−6,52 %
Current Ratio	0,21	0,29	0,57	0,53
Quick Ratio	0,21	0,29	0,57	0,53
Equity Ratio	0,65	0,71	0,93	0,94
Gross Profit Margin	100 %	100 %	100 %	100 %