SIP-TECH AS

0680 OSLO

Finances

Share Ownership

Return on Equity

224,24 %

Current Ratio

1,04

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 000 000	193 000	376 000	0
Net Income	148 000	−5 000	96 000	−37 000
Total Assets	435 000	224 000	189 000	63 000
Total Equity	66 000	−83 000	−78 000	−174 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 000 000	193 000	376 000	0
Expenditure	852 000	198 000	280 000	27 000
Operating Profit	148 000	−5 000	96 000	−27 000
Financial Income	0	0	0	−10 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	−10 000
Earnings Before Tax	148 000	−5 000	96 000	−37 000
Tax	0	0	0	0
Net Income	148 000	−5 000	96 000	−37 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	62 000	62 000	62 000	62 000
Total Current Assets	374 000	163 000	127 000	1 000
Total Assets	435 000	224 000	189 000	63 000
Total Retained Equity	−34 000	−183 000	−178 000	−274 000
Total Equity	66 000	−83 000	−78 000	−174 000
Total Long-Term Debt	12 000	12 000	227 000	212 000
Total Current Debt	358 000	295 000	40 000	24 000
Total Equity and Debt	435 000	224 000	189 000	63 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 000 000	193 000	376 000	0
Other Income	0	0	0	0
Revenue	1 000 000	193 000	376 000	0
Cost of Goods Sold	588 000	141 000	35 000	0
Salary Costs	157 000	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	852 000	198 000	280 000	27 000
Operating Profit	148 000	−5 000	96 000	−27 000
Financial Income	0	0	0	−10 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	−10 000
Dividends	0	0	0	0
Net Income	148 000	−5 000	96 000	−37 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	62 000	62 000	62 000	62 000
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	0	0	0	0
Total Fixed Assets	62 000	62 000	62 000	62 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 000	14 000	21 000	1 000
Total Current Assets	374 000	163 000	127 000	1 000
Total Assets	435 000	224 000	189 000	63 000
Total Equity	66 000	−83 000	−78 000	−174 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 000	12 000	227 000	212 000
Creditors	72 000	72 000	13 000	24 000
Unpaid Taxes	90 000	19 000	27 000	0
Dividends	0	0	0	0
Other Current Debt	196 000	204 000	0	0
Total Current Debt	358 000	295 000	40 000	24 000
Total Equity and Debt	435 000	224 000	189 000	63 000

Financial indicators	2022	2021	2020	2019
Return on Equity	224,24 %	6,02 %	−123,08 %	21,26 %
Debt-to-Equity Ratio	0,18	−0,14	−2,91	−1,22
Operating Profit Margin	14,8 %	−2,59 %	25,53 %	-
Current Ratio	1,04	0,55	3,18	0,04
Quick Ratio	1,04	0,55	3,18	0,04
Equity Ratio	0,15	−0,37	−0,41	−2,76
Gross Profit Margin	41,2 %	26,94 %	90,69 %	-