PIPETECH INTERNATIONAL AS

4313 SANDNES

Finances

Return on Equity

−64,68 %

Current Ratio

1,18

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	13 174 000	14 928 000	47 497 000	14 102 000
Net Income	−3 565 000	−5 354 000	6 416 000	−7 114 000
Total Assets	18 509 000	30 638 000	29 180 000	21 370 000
Total Equity	5 512 000	7 388 000	8 359 000	9 076 000

Income (NOK)	2021	2020	2019	2018
Revenue	13 174 000	14 928 000	47 497 000	14 102 000
Expenditure	17 334 000	21 634 000	38 737 000	23 191 000
Operating Profit	−4 160 000	−6 706 000	8 760 000	−9 089 000
Financial Income	−3 000	−3 000	−1 000	4 000
Financial Costs	453 000	155 000	533 000	165 000
Financial Balance	−456 000	−158 000	−534 000	−161 000
Earnings Before Tax	−4 615 000	−6 864 000	8 226 000	−9 250 000
Tax	−1 051 000	−1 510 000	1 810 000	−2 136 000
Net Income	−3 565 000	−5 354 000	6 416 000	−7 114 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	3 185 000	4 302 000	5 942 000	8 126 000
Total Current Assets	15 324 000	26 335 000	23 238 000	13 244 000
Total Assets	18 509 000	30 638 000	29 180 000	21 370 000
Total Retained Equity	924 000	2 800 000	3 771 000	4 488 000
Total Equity	5 512 000	7 388 000	8 359 000	9 076 000
Total Long-Term Debt	12 000	87 000	159 000	868 000
Total Current Debt	12 985 000	23 163 000	20 662 000	11 426 000
Total Equity and Debt	18 509 000	30 638 000	29 180 000	21 370 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	13 174 000	14 928 000	47 497 000	14 102 000
Other Income	0	0	0	0
Revenue	13 174 000	14 928 000	47 497 000	14 102 000
Cost of Goods Sold	3 732 000	3 838 000	19 816 000	3 402 000
Salary Costs	7 161 000	9 958 000	11 359 000	9 552 000
Depreciation	2 007 000	2 546 000	2 554 000	3 073 000
Impairment	0	0	0	0
Expenditure	17 334 000	21 634 000	38 737 000	23 191 000
Operating Profit	−4 160 000	−6 706 000	8 760 000	−9 089 000
Financial Income	−3 000	−3 000	−1 000	4 000
Financial Costs	453 000	155 000	533 000	165 000
Financial Balance	−456 000	−158 000	−534 000	−161 000
Dividends	0	0	0	0
Net Income	−3 565 000	−5 354 000	6 416 000	−7 114 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	946 000	421 000	154 000	98 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	2 215 000	3 881 000	5 780 000	7 994 000
Fixtures	24 000	0	7 000	34 000
Total Tangible Assets	2 239 000	3 881 000	5 788 000	8 028 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 185 000	4 302 000	5 942 000	8 126 000
Stock	2 686 000	2 451 000	1 906 000	876 000
Total Investments	0	0	0	0
Cash, Bank	1 344 000	1 056 000	3 600 000	1 329 000
Total Current Assets	15 324 000	26 335 000	23 238 000	13 244 000
Total Assets	18 509 000	30 638 000	29 180 000	21 370 000
Total Equity	5 512 000	7 388 000	8 359 000	9 076 000
Short-Term Group Debt	0	0	14 746 000	6 086 000
Total Long-Term Debt	12 000	87 000	159 000	868 000
Creditors	290 000	860 000	772 000	987 000
Unpaid Taxes	1 166 000	980 000	1 729 000	729 000
Dividends	0	0	0	0
Other Current Debt	11 529 000	21 323 000	3 415 000	3 625 000
Total Current Debt	12 985 000	23 163 000	20 662 000	11 426 000
Total Equity and Debt	18 509 000	30 638 000	29 180 000	21 370 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−64,68 %	−72,47 %	76,76 %	−78,38 %
Debt-to-Equity Ratio	0	0,01	0,02	0,1
Operating Profit Margin	−31,58 %	−44,92 %	18,44 %	−64,45 %
Current Ratio	1,18	1,14	1,12	1,16
Quick Ratio	1,49	1,27	1,24	1,26
Equity Ratio	0,3	0,24	0,29	0,42
Gross Profit Margin	71,67 %	74,29 %	58,28 %	75,88 %