PIPEQUIP AS

4014 STAVANGER

Finances

Share Ownership

Return on Equity

7,8 %

Current Ratio

1,48

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 200 000	18 835 000	20 667 000	17 052 000
Net Income	164 000	157 000	151 000	73 000
Total Assets	6 468 000	5 376 000	3 708 000	4 165 000
Total Equity	2 103 000	1 939 000	1 783 000	1 631 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 200 000	18 835 000	20 667 000	17 052 000
Expenditure	18 992 000	18 621 000	20 484 000	17 000 000
Operating Profit	208 000	214 000	183 000	51 000
Financial Income	28 000	4 000	34 000	73 000
Financial Costs	0	0	0	0
Financial Balance	28 000	4 000	34 000	73 000
Earnings Before Tax	236 000	218 000	217 000	124 000
Tax	72 000	61 000	65 000	51 000
Net Income	164 000	157 000	151 000	73 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	42 000
Total Current Assets	6 468 000	5 376 000	3 708 000	4 123 000
Total Assets	6 468 000	5 376 000	3 708 000	4 165 000
Total Retained Equity	2 003 000	1 839 000	1 683 000	1 531 000
Total Equity	2 103 000	1 939 000	1 783 000	1 631 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 365 000	3 437 000	1 925 000	2 534 000
Total Equity and Debt	6 468 000	5 376 000	3 708 000	4 165 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 200 000	18 835 000	20 667 000	17 052 000
Other Income	0	0	0	0
Revenue	19 200 000	18 835 000	20 667 000	17 052 000
Cost of Goods Sold	14 998 000	14 924 000	16 748 000	13 843 000
Salary Costs	3 060 000	2 925 000	2 875 000	2 295 000
Depreciation	0	0	42 000	42 000
Impairment	0	0	0	0
Expenditure	18 992 000	18 621 000	20 484 000	17 000 000
Operating Profit	208 000	214 000	183 000	51 000
Financial Income	28 000	4 000	34 000	73 000
Financial Costs	0	0	0	0
Financial Balance	28 000	4 000	34 000	73 000
Dividends	0	0	0	0
Net Income	164 000	157 000	151 000	73 000

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	0	0	0	0
Fixtures	0	0	0	42 000
Total Tangible Assets	0	0	0	42 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	42 000
Stock	3 427 000	636 000	641 000	2 450 000
Total Investments	0	0	0	0
Cash, Bank	1 797 000	1 701 000	1 677 000	1 000 000
Total Current Assets	6 468 000	5 376 000	3 708 000	4 123 000
Total Assets	6 468 000	5 376 000	3 708 000	4 165 000
Total Equity	2 103 000	1 939 000	1 783 000	1 631 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 560 000	2 627 000	1 127 000	2 124 000
Unpaid Taxes	246 000	229 000	290 000	149 000
Dividends	0	0	0	0
Other Current Debt	488 000	520 000	442 000	211 000
Total Current Debt	4 365 000	3 437 000	1 925 000	2 534 000
Total Equity and Debt	6 468 000	5 376 000	3 708 000	4 165 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,8 %	8,1 %	8,47 %	4,48 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,08 %	1,14 %	0,89 %	0,3 %
Current Ratio	1,48	1,56	1,93	1,63
Quick Ratio	6,9	1,92	2,89	49,08
Equity Ratio	0,33	0,36	0,48	0,39
Gross Profit Margin	21,89 %	20,76 %	18,96 %	18,82 %