PIPE SYSTEMS ENGINEERING AS

6082 GURSKEN

Finances

Return on Equity

39,56 %

Current Ratio

1,07

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	33 034 000	35 611 000	39 854 000	53 284 000
Net Income	1 048 000	3 565 000	−508 000	−2 769 000
Total Assets	10 467 000	9 725 000	9 838 000	10 929 000
Total Equity	2 649 000	1 602 000	−1 963 000	−1 899 000

Income (NOK)	2022	2021	2020	2019
Revenue	33 034 000	35 611 000	39 854 000	53 284 000
Expenditure	31 692 000	33 564 000	40 761 000	55 027 000
Operating Profit	1 342 000	2 047 000	−907 000	−1 743 000
Financial Income	40 000	7 000	34 000	55 000
Financial Costs	33 000	80 000	−365 000	173 000
Financial Balance	7 000	−73 000	399 000	−118 000
Earnings Before Tax	1 349 000	1 975 000	−508 000	−1 861 000
Tax	301 000	−1 590 000	0	908 000
Net Income	1 048 000	3 565 000	−508 000	−2 769 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 662 000	3 456 000	2 032 000	2 166 000
Total Current Assets	7 805 000	6 269 000	7 806 000	8 763 000
Total Assets	10 467 000	9 725 000	9 838 000	10 929 000
Total Retained Equity	2 106 000	1 058 000	−2 507 000	−4 399 000
Total Equity	2 649 000	1 602 000	−1 963 000	−1 899 000
Total Long-Term Debt	549 000	856 000	1 188 000	1 939 000
Total Current Debt	7 269 000	7 268 000	10 613 000	10 888 000
Total Equity and Debt	10 467 000	9 725 000	9 838 000	10 929 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	33 034 000	35 611 000	39 854 000	53 199 000
Other Income	0	0	0	85 000
Revenue	33 034 000	35 611 000	39 854 000	53 284 000
Cost of Goods Sold	771 000	670 000	3 293 000	4 662 000
Salary Costs	25 962 000	27 673 000	27 280 000	40 015 000
Depreciation	249 000	422 000	481 000	527 000
Impairment	0	0	0	0
Expenditure	31 692 000	33 564 000	40 761 000	55 027 000
Operating Profit	1 342 000	2 047 000	−907 000	−1 743 000
Financial Income	40 000	7 000	34 000	55 000
Financial Costs	33 000	80 000	−365 000	173 000
Financial Balance	7 000	−73 000	399 000	−118 000
Dividends	0	0	0	0
Net Income	1 048 000	3 565 000	−508 000	−2 769 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 422 000	1 723 000	134 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	558 000	807 000	1 229 000	0
Fixtures	0	0	0	1 672 000
Total Tangible Assets	558 000	807 000	1 229 000	1 672 000
Total Fiancial Fixed Assets	682 000	926 000	669 000	495 000
Total Fixed Assets	2 662 000	3 456 000	2 032 000	2 166 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 410 000	2 885 000	3 325 000	2 307 000
Total Current Assets	7 805 000	6 269 000	7 806 000	8 763 000
Total Assets	10 467 000	9 725 000	9 838 000	10 929 000
Total Equity	2 649 000	1 602 000	−1 963 000	−1 899 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	549 000	856 000	1 188 000	1 939 000
Creditors	426 000	472 000	318 000	1 524 000
Unpaid Taxes	2 548 000	2 371 000	5 790 000	5 489 000
Dividends	0	0	0	0
Other Current Debt	4 296 000	4 425 000	4 505 000	3 875 000
Total Current Debt	7 269 000	7 268 000	10 613 000	10 888 000
Total Equity and Debt	10 467 000	9 725 000	9 838 000	10 929 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,56 %	222,53 %	25,88 %	145,81 %
Debt-to-Equity Ratio	0,21	0,53	−0,61	−1,02
Operating Profit Margin	4,06 %	5,75 %	−2,28 %	−3,27 %
Current Ratio	1,07	0,86	0,74	0,8
Quick Ratio	1,07	0,86	0,74	0,8
Equity Ratio	0,25	0,16	−0,2	−0,17
Gross Profit Margin	97,67 %	98,12 %	91,74 %	91,25 %