Petro-king Oilfield Services Limited (HKG:2178)

HKG:2178 Balance Sheet

Financials in millions HKD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	15.61	26.29	39.96	26.48	29.55
Short-Term Investments	17.26	21.88	24.31	23.49	-
Cash & Short-Term Investments	32.87	48.17	64.27	49.97	29.55
Cash Growth	-31.77%	-25.04%	28.63%	69.07%	0.36%
Accounts Receivable	311.73	325.78	328.33	208.72	359.31
Other Receivables	22.7	23.35	23.03	39.19	34.4
Receivables	334.43	366.87	360.32	300.14	393.71
Inventory	18.5	32.92	24.93	40.83	72.32
Prepaid Expenses	-	-	-	0.92	2.19
Restricted Cash	28.73	5.32	-	-	-
Other Current Assets	2.21	2.35	3.47	3.58	27.26
Total Current Assets	416.73	455.63	452.99	395.43	525.04
Property, Plant & Equipment	109.7	130.07	167.5	159.27	365.9
Long-Term Investments	89.73	99.16	79.89	75.84	9.75
Goodwill	26.76	26.76	85.66	85.66	95.46
Other Intangible Assets	-	-	-	-	0.26
Other Long-Term Assets	0.02	0.4	0.3	0.3	22.29
Total Assets	642.94	712.01	823.41	716.49	1,019
Accounts Payable	219.04	238.83	243.72	158.6	172.86
Accrued Expenses	13.41	13.75	13.2	16.53	37.51
Current Portion of Long-Term Debt	106.39	101.95	95.23	115.06	235.73
Current Portion of Leases	1.3	1.72	1.52	1.62	10.15
Current Income Taxes Payable	8.12	9.89	5.12	8.72	7.15
Current Unearned Revenue	6.09	0.77	4.81	6.74	16.9
Other Current Liabilities	62.75	66.2	63.69	48.08	78.24
Total Current Liabilities	417.1	433.12	427.28	355.34	558.53
Long-Term Debt	45.41	86.56	132.13	70.2	91.5
Long-Term Leases	0.17	1.17	2.27	0.27	14
Long-Term Deferred Tax Liabilities	-	-	-	-	0.25
Total Liabilities	462.68	520.86	561.68	425.81	664.27
Common Stock	2,001	2,001	2,001	2,001	2,001
Retained Earnings	-1,894	-1,876	-1,765	-1,765	-1,684
Comprehensive Income & Other	65.53	61.75	20.44	50.35	14.45
Total Common Equity	172.82	186.83	256.05	286.01	331.9
Minority Interest	7.45	4.33	5.69	4.67	22.52
Shareholders' Equity	180.26	191.16	261.74	290.68	354.42
Total Liabilities & Equity	642.94	712.01	823.41	716.49	1,019
Total Debt	153.26	191.41	231.15	187.15	351.38
Net Cash (Debt)	-120.4	-143.23	-166.88	-137.19	-321.83
Net Cash Per Share	-0.07	-0.08	-0.10	-0.08	-0.19
Filing Date Shares Outstanding	1,727	1,727	1,727	1,727	1,727
Total Common Shares Outstanding	1,727	1,727	1,727	1,727	1,727
Working Capital	-0.37	22.5	25.71	40.09	-33.49
Book Value Per Share	0.10	0.11	0.15	0.17	0.19
Tangible Book Value	146.06	160.07	170.39	200.36	236.19
Tangible Book Value Per Share	0.08	0.09	0.10	0.12	0.14
Buildings	-	-	-	-	162.25
Machinery	489.09	492.31	501.41	504.41	505.67
Construction In Progress	-	-	0.52	-	-
Leasehold Improvements	-	-	-	-	11.64

Source: S&P Global Market Intelligence. Standard template. Financial Sources.