PETROWARE AS

4016 STAVANGER

Finances

Share Ownership

Return on Equity

−29,53 %

Current Ratio

3,74

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 480 000	4 778 000	2 379 000	2 276 000
Net Income	−652 000	−293 000	698 000	838 000
Total Assets	2 928 000	4 354 000	3 974 000	2 946 000
Total Equity	2 208 000	2 861 000	3 153 000	2 456 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 480 000	4 778 000	2 379 000	2 276 000
Expenditure	5 118 000	5 072 000	1 485 000	1 207 000
Operating Profit	−637 000	−293 000	895 000	1 070 000
Financial Income	1 000	1 000	1 000	4 000
Financial Costs	16 000	0	1 000	3 000
Financial Balance	−15 000	1 000	0	1 000
Earnings Before Tax	−652 000	−293 000	894 000	1 071 000
Tax	0	0	197 000	233 000
Net Income	−652 000	−293 000	698 000	838 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	235 000	127 000	21 000	34 000
Total Current Assets	2 692 000	4 227 000	3 954 000	2 912 000
Total Assets	2 928 000	4 354 000	3 974 000	2 946 000
Total Retained Equity	2 178 000	2 831 000	3 123 000	2 426 000
Total Equity	2 208 000	2 861 000	3 153 000	2 456 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	719 000	1 493 000	821 000	490 000
Total Equity and Debt	2 928 000	4 354 000	3 974 000	2 946 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 480 000	4 778 000	2 379 000	2 276 000
Other Income	0	0	0	0
Revenue	4 480 000	4 778 000	2 379 000	2 276 000
Cost of Goods Sold	1 853 000	475 000	100 000	105 000
Salary Costs	2 825 000	4 380 000	1 264 000	989 000
Depreciation	60 000	33 000	14 000	7 000
Impairment	0	0	0	0
Expenditure	5 118 000	5 072 000	1 485 000	1 207 000
Operating Profit	−637 000	−293 000	895 000	1 070 000
Financial Income	1 000	1 000	1 000	4 000
Financial Costs	16 000	0	1 000	3 000
Financial Balance	−15 000	1 000	0	1 000
Dividends	0	0	0	0
Net Income	−652 000	−293 000	698 000	838 000

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	67 000	127 000	21 000	34 000
Total Tangible Assets	67 000	127 000	21 000	34 000
Total Fiancial Fixed Assets	168 000	0	0	0
Total Fixed Assets	235 000	127 000	21 000	34 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 423 000	3 232 000	3 483 000	2 673 000
Total Current Assets	2 692 000	4 227 000	3 954 000	2 912 000
Total Assets	2 928 000	4 354 000	3 974 000	2 946 000
Total Equity	2 208 000	2 861 000	3 153 000	2 456 000
Short-Term Group Debt	121 000	78 000	14 000	14 000
Total Long-Term Debt	0	0	0	0
Creditors	3 000	359 000	0	5 000
Unpaid Taxes	343 000	499 000	496 000	137 000
Dividends	0	0	0	0
Other Current Debt	252 000	556 000	114 000	102 000
Total Current Debt	719 000	1 493 000	821 000	490 000
Total Equity and Debt	2 928 000	4 354 000	3 974 000	2 946 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−29,53 %	−10,24 %	22,14 %	34,12 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−14,22 %	−6,13 %	37,62 %	47,01 %
Current Ratio	3,74	2,83	4,82	5,94
Quick Ratio	3,74	2,83	4,82	5,94
Equity Ratio	0,75	0,66	0,79	0,83
Gross Profit Margin	58,64 %	90,06 %	95,8 %	95,39 %