PETROFAC LIMITED financials
PETROFAC LIMITED
Country: GB Reporting currency: USD Latest annual report: 2023-12-31
LEI:
2138004624W8CKCSJ177 Financial statements
(USD, as reported — unscaled; 107 line items across 2 annual periods)
| Line item | 2023 | 2022 |
|---|---|---|
| Income statement | ||
| Revenue | $2.50B | $2.57B |
| Cost of sales | $2.68B | $2.67B |
| Gross profit | -$188.0M | -$100.0M |
| Operating profit (EBIT) | -$420.0M | -$241.0M |
| Finance costs | $119.0M | $116.0M |
| Profit before tax | -$526.0M | -$345.0M |
| Income tax expense | -$3.0M | $2.0M |
| Profit for the year | -$523.0M | -$347.0M |
| — attributable to owners | -$505.0M | -$320.0M |
| — attributable to NCI | -$18.0M | -$27.0M |
| Total comprehensive income | -$546.0M | -$327.0M |
| Per share | ||
| Basic EPS | $-0.97 | $-0.62 |
| Diluted EPS | $-0.97 | $-0.62 |
| Free cash flow / share | $-0.20 | $-0.33 |
| Cash flow statement | ||
| Cash generated from operations | -$39.0M | $21.0M |
| Net cash from operating activities | -$97.0M | -$146.0M |
| Net cash from investing activities | $32.0M | $98.0M |
| Purchase of PP&E (capex) | $10.0M | $38.0M |
| Purchase of intangibles | $6.0M | $8.0M |
| Net cash from financing activities | -$185.0M | -$114.0M |
| Proceeds from borrowings | $38.0M | $62.0M |
| Repayments of borrowings | $65.0M | $36.0M |
| Lease liability payments | $57.0M | $54.0M |
| Net change in cash | -$250.0M | -$162.0M |
| Balance sheet | ||
| Total assets | $2.76B | $3.26B |
| Non-current assets | $633.0M | $603.0M |
| Property, plant & equipment | $170.0M | $244.0M |
| Intangible assets & goodwill | $96.0M | $96.0M |
| Current assets | $2.13B | $2.66B |
| Inventories | $11.0M | $17.0M |
| Trade & other receivables | $977.0M | $739.0M |
| Cash & equivalents | $201.0M | $450.0M |
| Total equity | -$436.0M | $102.0M |
| — attributable to owners | -$401.0M | $119.0M |
| Non-controlling interests | -$35.0M | -$17.0M |
| Non-current liabilities | $239.0M | $309.0M |
| Current liabilities | $2.96B | $2.85B |
| Trade & other payables | $930.0M | $865.0M |
| Deferred tax liabilities | $16.0M | $28.0M |
| Derived metrics | ||
| Free cash flow | -$107.0M | -$184.0M |
| Operating margin | -16.8% | -9.4% |
| Net margin | -21.0% | -13.5% |
| Return on equity | 120.0% | -340.2% |
| Cash conversion ratio | 0.19× | 0.42× |
| Capex coverage | -9.70× | -3.84× |
| Other reported items | ||
| Adjustments For Decrease Increase In Derivative Financial Assets | -$7.0M | $6.0M |
| Adjustments For Decrease Increase In Inventories | $6.0M | $7.0M |
| Adjustments For Decrease Increase In Trade and Other Receivables | -$252.0M | -$101.0M |
| Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss | $83.0M | $79.0M |
| Adjustments For Finance Income Cost | -$113.0M | -$91.0M |
| Adjustments For Increase Decrease In Trade and Other Payables | $59.0M | -$95.0M |
| Adjustments For Provisions | $18.0M | $12.0M |
| Adjustments For Sharebased Payments | $8.0M | $6.0M |
| Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method | $2.0M | $5.0M |
| Adjustments For Unrealised Foreign Exchange Losses Gains | -$18.0M | $35.0M |
| Capital Redemption Reserve | $11.0M | $11.0M |
| Cash | $201.0M | $450.0M |
| Cash Flows From Losing Control of Subsidiaries Or Other Businesses Classified As Investing Activities | -$1.0M | $98.0M |
| Cash Flows From Used In Operations Before Changes In Working Capital | -$296.0M | -$138.0M |
| Comprehensive Income Attributable To Noncontrolling Interests | -$18.0M | -$27.0M |
| Comprehensive Income Attributable To Owners of Parent | -$528.0M | -$300.0M |
| Current Accrued Expenses and Other Current Liabilities | $691.0M | $759.0M |
| Current Borrowings and Current Portion of Noncurrent Borrowings | $784.0M | $799.0M |
| Current Contract Assets | $832.0M | $1.32B |
| Current Contract Liabilities | $292.0M | $155.0M |
| Current Provisions | $114.0M | $94.0M |
| Current Tax Assets | $19.0M | $26.0M |
| Current Tax Assets Noncurrent | $20.0M | $0 |
| Current Tax Liabilities | $48.0M | $65.0M |
| Deferred Tax Assets | $1.0M | $1.0M |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | $1.0M | -$8.0M |
| Equity and Liabilities | $2.76B | $3.26B |
| Finance Income | $11.0M | $7.0M |
| Gains Losses On Exchange Differences On Translation Net of Tax | -$12.0M | $14.0M |
| Impairment Loss Impairment Gain and Reversal of Impairment Loss Determined In Accordance With IFRS9 | $14.0M | -$23.0M |
| Income Taxes Paid Refund Classified As Operating Activities | $35.0M | $52.0M |
| Increase Decrease In Working Capital | -$257.0M | -$159.0M |
| Intangible Assets Other Than Goodwill | $26.0M | $25.0M |
| Interest Paid Classified As Financing Activities | $101.0M | $86.0M |
| Interest Received Classified As Investing Activities | $6.0M | $6.0M |
| Investment Accounted For Using Equity Method | $11.0M | $30.0M |
| Issued Capital | $10.0M | $10.0M |
| Liabilities | $3.19B | $3.16B |
| Miscellaneous Other Operating Expense | $3.0M | $5.0M |
| Miscellaneous Other Operating Income | $12.0M | $23.0M |
| Noncurrent Provisions | $144.0M | $135.0M |
| Other Adjustments For Noncash Items | -$3.0M | -$3.0M |
| Other Comprehensive Income | -$23.0M | $20.0M |
| Other Comprehensive Income Net of Tax Cash Flow Hedges | $1.0M | -$1.0M |
| Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans | -$5.0M | $0 |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | -$18.0M | $20.0M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | -$5.0M | $0 |
| Other Current Financial Assets | $86.0M | $103.0M |
| Other Current Financial Liabilities | $97.0M | $114.0M |
| Other Noncurrent Financial Assets | $250.0M | $151.0M |
| Other Noncurrent Financial Liabilities | $79.0M | $146.0M |
| Other Reserves | $28.0M | $56.0M |
| Proceeds From Sales of Investments Other Than Investments Accounted For Using Equity Method | $13.0M | $0 |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | $2.0M | $1.0M |
| Reclassification Adjustments On Cash Flow Hedges Net of Tax | $4.0M | -$7.0M |
| Reclassification Adjustments On Exchange Differences On Translation Net of Tax | $3.0M | $0 |
| Retained Earnings | -$663.0M | -$153.0M |
| Sale Or Issue of Treasury Shares | $0 | $0 |
| Selling General and Administrative Expense | $227.0M | $182.0M |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | $2.0M | $5.0M |
| Share Premium | $251.0M | $251.0M |
| Treasury Shares | $38.0M | $56.0M |
Methodology
Every line item above is a fact tagged in PETROFAC LIMITED's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (USD), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.