Hva med awilco drilling?

olstad
AWDR 22.02.2022 kl 18:47 894

Er det noen som sitter på litt informasjon om denne aksjen? Q4 rapport 28feb, hva kan man vente seg?


zaq1
28.02.2022 kl 22:14 785

Q4 Report – Highlights
• Awilco Drilling PLC reports contract revenue of USD 1.0 million (USD 7.4 million Q3), EBITDA loss of USD 7.8 million (USD 3.1 million loss in Q3) and a net loss of USD 50.7 million, (USD 4.6 million loss in Q3). Net loss includes impairment of USD 31.0 million.
• Revenue efficiency was 90.1% during the quarter (97.4% in Q3)
• Operational uptime was 100% during the quarter (99.9% in Q3)
Key financial figures:
In USD million, except EPS
USD million Q4 2021 Q3 2021 2021 2020
Contract revenue Operating expenses EBITDA
Net (loss)/profit EPS
Total assets Total equity
1.0 7.4
5.8 7.4 (7.8) (3.1) (50.7) (4.6) (0.93) (0.08)
45.9 87.6 30.6 81.3
33.1 25.6 24.6 21.5
(4.3) (21.1) (52.5) (167.9) (0.96) (3.08)
45.9 92.1 30.6 83.1

Financial Results – Quarter 4, 2021
Comprehensive Income Statement
Awilco Drilling (‘the Company') reports total comprehensive loss for the fourth quarter 2021 of USD 50.7 million.
Revenue earned in the fourth quarter was USD 1.0 million.
In the fourth quarter Awilco Drilling had rig operating expenses of USD 5.8 million. General and administration expenses were USD 3.0 million.
In the fourth quarter, Awilco Drilling made a net impairment charge of USD 31.0 million, due to the continued cold stack status of the WilHunter and lack of committed future contracting opportunities for the WilPhoenix.
EBITDA for the fourth quarter was USD 7.8 million loss while the operating loss was USD 39.9 million. Interest expense in the quarter was USD 1.4 million, of which USD 1.39 million relates to a provision for tax penalty interest for WilHunter (UK) Ltd.
Loss before tax was USD 41.4 million. The tax expense for the quarter was USD 9.3 million, which includes USD 9.2 million tax provision for WilHunter (UK) Ltd. The resulting net loss was USD 50.7 million. Earnings/(loss) per share (EPS) for the fourth quarter were USD (0.93).
Statement on financial position
As of 31 December 2021, total assets amounted to USD 45.9 million. At the same date, Awilco Drilling had USD 9.7 million in cash and cash equivalents.
Financial Results – Full Year 2021
Awilco Drilling reports a total comprehensive loss for 2021 of USD 52.5 million. Total full year revenues were USD 33.1 million. Rig operating expenses were USD 24.6 million and general and administration expenses were USD 12.7 million. EBITDA for the year was USD 4.3 million loss, while the operating loss was USD 41.5 million. Interest expense for the year was USD 1.4 million, of which USD 1.39 million relates to the provision for tax penalty interest for WilHunter (UK) Ltd. Loss before tax was 43.2 million. The tax charge for the year was USD 9.3 million which includes USD 9.2 million tax provision for WilHunter (UK) Ltd. The resulting net loss was USD 52.5 million. Earnings/(loss) per share (EPS) for the year were (0.96).
Tax Liability – HMRC Dispute – WilHunter (UK) Ltd
Awilco Drilling’s subsidiary company, WilHunter (UK) Ltd, has been in regular contact with HMRC over the classification of an element of income booked in 2015. An appeal to the First Tier Tribunal was unsuccessful and an application to the Tribunal for the decision to be set aside and re-made was submitted in August 2021. The application was dismissed on 6 December 2021 and if WilHunter (UK) Ltd was to further defend its position it would have to have filed an application with the First Tier Tribunal for permission to appeal by 31 January 2022. Awilco Drilling has resolved that it is not in its best interests to provide funding for a further appeal by WilHunter (UK) Ltd. WilHunter (UK) Ltd is not in a position to fund a further appeal nor is it in a position to settle the tax liability that has now fallen due. HMRC have been advised accordingly and WilHunter (UK) Limited has appointed insolvency practitioners and a liquidation process will be initiated. The tax liability of GBP 6.8 million plus accrued interest has been reflected in full in the subsidiary company and consequently is also reflected as a liability of the consolidated group. This is considered as a liability