IPP INTERNATIONAL PIPELINE PRODUCTS AS

0789 OSLO

Finances

Return on Equity

1,02 %

Current Ratio

1,67

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 154 000	5 574 000	5 209 000	6 004 000
Net Income	9 000	219 000	41 000	−259 000
Total Assets	1 984 000	2 130 000	1 677 000	4 618 000
Total Equity	881 000	872 000	653 000	612 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 154 000	5 574 000	5 209 000	6 004 000
Expenditure	7 090 000	5 313 000	5 092 000	6 248 000
Operating Profit	64 000	261 000	116 000	−244 000
Financial Income	6 000	72 000	19 000	1 000
Financial Costs	56 000	52 000	81 000	85 000
Financial Balance	−50 000	20 000	−62 000	−84 000
Earnings Before Tax	15 000	282 000	54 000	−327 000
Tax	6 000	63 000	13 000	−68 000
Net Income	9 000	219 000	41 000	−259 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	138 000	178 000	181 000	201 000
Total Current Assets	1 846 000	1 952 000	1 496 000	4 417 000
Total Assets	1 984 000	2 130 000	1 677 000	4 618 000
Total Retained Equity	181 000	172 000	−47 000	−88 000
Total Equity	881 000	872 000	653 000	612 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 103 000	1 258 000	1 024 000	4 006 000
Total Equity and Debt	1 984 000	2 130 000	1 677 000	4 618 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 154 000	5 481 000	5 209 000	6 004 000
Other Income	0	92 000	0	0
Revenue	7 154 000	5 574 000	5 209 000	6 004 000
Cost of Goods Sold	5 247 000	4 207 000	3 683 000	4 204 000
Salary Costs	1 378 000	652 000	968 000	1 428 000
Depreciation	0	0	4 000	4 000
Impairment	0	0	0	0
Expenditure	7 090 000	5 313 000	5 092 000	6 248 000
Operating Profit	64 000	261 000	116 000	−244 000
Financial Income	6 000	72 000	19 000	1 000
Financial Costs	56 000	52 000	81 000	85 000
Financial Balance	−50 000	20 000	−62 000	−84 000
Dividends	0	0	0	0
Net Income	9 000	219 000	41 000	−259 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	100 000	105 000	168 000	181 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	13 000	18 000
Total Tangible Assets	0	0	13 000	18 000
Total Fiancial Fixed Assets	39 000	72 000	0	2 000
Total Fixed Assets	138 000	178 000	181 000	201 000
Stock	506 000	485 000	662 000	1 319 000
Total Investments	0	0	0	0
Cash, Bank	74 000	35 000	44 000	53 000
Total Current Assets	1 846 000	1 952 000	1 496 000	4 417 000
Total Assets	1 984 000	2 130 000	1 677 000	4 618 000
Total Equity	881 000	872 000	653 000	612 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	590 000	732 000	672 000	252 000
Unpaid Taxes	335 000	269 000	269 000	2 387 000
Dividends	0	0	0	0
Other Current Debt	119 000	53 000	83 000	692 000
Total Current Debt	1 103 000	1 258 000	1 024 000	4 006 000
Total Equity and Debt	1 984 000	2 130 000	1 677 000	4 618 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,02 %	25,11 %	6,28 %	−42,32 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	0,89 %	4,68 %	2,23 %	−4,06 %
Current Ratio	1,67	1,55	1,46	1,1
Quick Ratio	3,09	2,53	4,13	1,64
Equity Ratio	0,44	0,41	0,39	0,13
Gross Profit Margin	26,66 %	24,52 %	29,3 %	29,98 %