PIANO SERVICE AS

4323 SANDNES

Finances

Share Ownership

Return on Equity

58,78 %

Current Ratio

3,47

Debt-to-Equity Ratio

0,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 866 000	1 837 000	2 544 000	2 463 000
Net Income	482 000	64 000	−365 000	404 000
Total Assets	1 664 000	1 148 000	1 365 000	1 845 000
Total Equity	820 000	154 000	5 000	166 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 866 000	1 837 000	2 544 000	2 463 000
Expenditure	2 387 000	1 761 000	2 921 000	2 024 000
Operating Profit	479 000	77 000	−376 000	439 000
Financial Income	2 000	8 000	5 000	3 000
Financial Costs	50 000	44 000	52 000	65 000
Financial Balance	−48 000	−36 000	−47 000	−62 000
Earnings Before Tax	431 000	40 000	−422 000	377 000
Tax	−52 000	−24 000	−57 000	−26 000
Net Income	482 000	64 000	−365 000	404 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	60 000	0	0	0
Total Current Assets	1 604 000	1 148 000	1 365 000	1 845 000
Total Assets	1 664 000	1 148 000	1 365 000	1 845 000
Total Retained Equity	732 000	0	−365 000	0
Total Equity	820 000	154 000	5 000	166 000
Total Long-Term Debt	382 000	507 000	752 000	771 000
Total Current Debt	462 000	486 000	607 000	908 000
Total Equity and Debt	1 664 000	1 148 000	1 365 000	1 845 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 866 000	1 837 000	2 537 000	2 463 000
Other Income	0	0	7 000	0
Revenue	2 866 000	1 837 000	2 544 000	2 463 000
Cost of Goods Sold	770 000	423 000	1 716 000	1 003 000
Salary Costs	848 000	627 000	555 000	363 000
Depreciation	10 000	0	0	0
Impairment	0	0	0	0
Expenditure	2 387 000	1 761 000	2 921 000	2 024 000
Operating Profit	479 000	77 000	−376 000	439 000
Financial Income	2 000	8 000	5 000	3 000
Financial Costs	50 000	44 000	52 000	65 000
Financial Balance	−48 000	−36 000	−47 000	−62 000
Dividends	0	0	0	0
Net Income	482 000	64 000	−365 000	404 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	60 000	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	60 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	60 000	0	0	0
Stock	954 000	824 000	889 000	1 403 000
Total Investments	0	0	0	0
Cash, Bank	130 000	45 000	46 000	55 000
Total Current Assets	1 604 000	1 148 000	1 365 000	1 845 000
Total Assets	1 664 000	1 148 000	1 365 000	1 845 000
Total Equity	820 000	154 000	5 000	166 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	382 000	507 000	752 000	771 000
Creditors	52 000	30 000	149 000	172 000
Unpaid Taxes	191 000	98 000	91 000	179 000
Dividends	0	0	0	0
Other Current Debt	218 000	158 000	168 000	380 000
Total Current Debt	462 000	486 000	607 000	908 000
Total Equity and Debt	1 664 000	1 148 000	1 365 000	1 845 000

Financial indicators	2022	2021	2020	2019
Return on Equity	58,78 %	41,56 %	−7 300 %	243,37 %
Debt-to-Equity Ratio	0,47	3,29	150,4	4,64
Operating Profit Margin	16,71 %	4,19 %	−14,78 %	17,82 %
Current Ratio	3,47	2,36	2,25	2,03
Quick Ratio	−3,26	−3,4	−4,84	−3,73
Equity Ratio	0,49	0,13	0	0,09
Gross Profit Margin	73,13 %	76,97 %	32,55 %	59,28 %