PIERO PRODUCTS AS

3222 SANDEFJORD

Finances

Return on Equity

10,6 %

Current Ratio

0,21

Debt-to-Equity Ratio

−0

Key figures (NOK)	2021	2020	2019	2018
Revenue	304 000	158 000	0	75 000
Net Income	−100 000	−726 000	−151 000	10 000
Total Assets	792 000	520 000	315 000	114 000
Total Equity	−943 000	−842 000	−116 000	35 000

Income (NOK)	2021	2020	2019	2018
Revenue	304 000	158 000	0	75 000
Expenditure	425 000	1 087 000	195 000	63 000
Operating Profit	−121 000	−929 000	−196 000	12 000
Financial Income	0	0	0	0
Financial Costs	7 000	0	0	0
Financial Balance	−7 000	0	0	0
Earnings Before Tax	−129 000	−929 000	−196 000	12 000
Tax	−28 000	−203 000	−45 000	1 000
Net Income	−100 000	−726 000	−151 000	10 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	425 000	438 000	191 000	104 000
Total Current Assets	367 000	82 000	124 000	10 000
Total Assets	792 000	520 000	315 000	114 000
Total Retained Equity	−967 000	−867 000	−141 000	10 000
Total Equity	−943 000	−842 000	−116 000	35 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 734 000	1 362 000	431 000	79 000
Total Equity and Debt	792 000	520 000	315 000	114 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	259 000	77 000	0	75 000
Other Income	44 000	81 000	0	0
Revenue	304 000	158 000	0	75 000
Cost of Goods Sold	83 000	25 000	0	0
Salary Costs	207 000	868 000	127 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	425 000	1 087 000	195 000	63 000
Operating Profit	−121 000	−929 000	−196 000	12 000
Financial Income	0	0	0	0
Financial Costs	7 000	0	0	0
Financial Balance	−7 000	0	0	0
Dividends	0	0	0	0
Net Income	−100 000	−726 000	−151 000	10 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	276 000	247 000	43 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	149 000	191 000	148 000	104 000
Total Fixed Assets	425 000	438 000	191 000	104 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	7 000	1 000	115 000	1 000
Total Current Assets	367 000	82 000	124 000	10 000
Total Assets	792 000	520 000	315 000	114 000
Total Equity	−943 000	−842 000	−116 000	35 000
Short-Term Group Debt	0	0	205 000	0
Total Long-Term Debt	0	0	0	0
Creditors	202 000	124 000	0	0
Unpaid Taxes	4 000	120 000	20 000	0
Dividends	0	0	0	0
Other Current Debt	293 000	1 117 000	208 000	78 000
Total Current Debt	1 734 000	1 362 000	431 000	79 000
Total Equity and Debt	792 000	520 000	315 000	114 000

Financial indicators	2021	2020	2019	2018
Return on Equity	10,6 %	86,22 %	130,17 %	28,57 %
Debt-to-Equity Ratio	−0	−0	−0	0
Operating Profit Margin	−39,8 %	−587,97 %	-	16 %
Current Ratio	0,21	0,06	0,29	0,13
Quick Ratio	0,21	0,06	0,29	0,13
Equity Ratio	−1,19	−1,62	−0,37	0,31
Gross Profit Margin	72,7 %	84,18 %	-	100 %