Petroteq Energy Inc. Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment (Tables)

12 Months Ended

Aug. 31, 2021

	Oil Extraction Plant		Other Property and Equipment		Total
Cost
August 31, 2019	$	35,555,827		438,168		35,993,995
Additions		2,072,058		692		2,072,750
August 31, 2020		37,627,885	$	438,860	$	38,066,745
Additions		5,512,715		-		5,512,715
August 31, 2021	$	43,140,600	$	438,860	$	43,579,460

Accumulated Amortization
August 31, 2019	$	2,148,214		232,131		2,380,345
Additions		-		103,888		103,888
August 31, 2020		2,148,214	$	336,019	$	2,484,233
Additions		-		45,810		45,810
August 31, 2021	$	2,148,214	$	381,829	$	2,530,043

Carrying Amount
August 31, 2019	$	33,407,613	$	206,037	$	33,613,650
August 31, 2020	$	35,479,671	$	102,841	$	35,582,512
August 31, 2021	$	40,992,386	$	51,562	$	41,049,417