Trade and other receivables 0.52 18.92 Total current assets 0.56 19.97 Non-current assets Pending expenses of directors 35.00 - Net equipment 0.06 243.66 Insurance 0.46 0.46 Total non-current assets
. Pending Material Litigation Cases or Claims -None- 16. Interests or Connected Transactions between B.Grimm Power and Directors, Management and Shareholders Directly or Indirectly Holding Shares Amounting to
quite high tax invoices and invoices according to the high revenue in 2021, therefore there was a relatively high sales tax and pending sales tax as well. In addition, the Company received an advance
relatively higher when compared to the end of 2022. As the result, the sales tax and pending sales tax are also quite high. Shareholders' Equity As of December 31, 2023, the Company had total equity increased
referenced crude oil price of every products; stemming from a state of excess supplies of finished products in the market, and declining demand from the 4 Management Discussion and Analysis of Business
Iran after the country was previously sanctioned before the US revoked the sanction of the 8 countries, thus leading to excess crude supplies in the market. In addition, the bearish US stock market
significantly from the state of excess supplies within the market and declining demand from the COVID-19 outbreak. The company realized loss from invested capital in associate company, OKEA due to the price of
reverted to its excess position in the market, while supplies in the previous year were tight. As such, crude production from the US adjusted to peak capacity from the beginning of this year to the level of
compared to Q2/2018. This is in respect to China’s increase in Kerosene export by 30% compared to the same period of the previous year, leading to Jet/Kerosene excess supply in Asian market. Jet (Kerosene
government sector introducing stimulus packages, which would cause demand for fuel consumption in the industrial and transport sector to increase. Moreover, the excess of crude oil supply trends to decrease