PIPING ENGINEERING AS

0279 OSLO

Finances

Share Ownership

Return on Equity

26,4 %

Current Ratio

2,27

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 845 000	3 254 000	799 000	1 214 000
Net Income	410 000	1 607 000	−69 000	87 000
Total Assets	2 154 000	7 649 000	5 719 000	6 064 000
Total Equity	1 553 000	4 044 000	2 437 000	2 506 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 845 000	3 254 000	799 000	1 214 000
Expenditure	1 346 000	1 175 000	869 000	1 103 000
Operating Profit	499 000	2 080 000	−69 000	111 000
Financial Income	20 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	20 000	0	0	0
Earnings Before Tax	519 000	2 080 000	−69 000	112 000
Tax	109 000	473 000	0	25 000
Net Income	410 000	1 607 000	−69 000	87 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	790 000	6 333 000	5 295 000	5 411 000
Total Current Assets	1 364 000	1 316 000	425 000	653 000
Total Assets	2 154 000	7 649 000	5 719 000	6 064 000
Total Retained Equity	1 453 000	3 944 000	2 337 000	2 406 000
Total Equity	1 553 000	4 044 000	2 437 000	2 506 000
Total Long-Term Debt	0	2 903 000	2 903 000	3 024 000
Total Current Debt	601 000	702 000	380 000	533 000
Total Equity and Debt	2 154 000	7 649 000	5 719 000	6 064 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 387 000	1 272 000	717 000	1 214 000
Other Income	457 000	1 982 000	82 000	0
Revenue	1 845 000	3 254 000	799 000	1 214 000
Cost of Goods Sold	0	0	116 000	−77 000
Salary Costs	943 000	530 000	370 000	519 000
Depreciation	0	105 000	116 000	124 000
Impairment	0	0	0	0
Expenditure	1 346 000	1 175 000	869 000	1 103 000
Operating Profit	499 000	2 080 000	−69 000	111 000
Financial Income	20 000	0	0	0
Financial Costs	0	0	0	0
Financial Balance	20 000	0	0	0
Dividends	2 900 000	0	0	0
Net Income	410 000	1 607 000	−69 000	87 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	5 543 000	4 400 000	4 400 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	105 000	220 000
Total Tangible Assets	0	5 543 000	4 505 000	4 620 000
Total Fiancial Fixed Assets	790 000	790 000	790 000	790 000
Total Fixed Assets	790 000	6 333 000	5 295 000	5 411 000
Stock	0	0	0	77 000
Total Investments	0	30 000	0	0
Cash, Bank	1 132 000	1 186 000	339 000	528 000
Total Current Assets	1 364 000	1 316 000	425 000	653 000
Total Assets	2 154 000	7 649 000	5 719 000	6 064 000
Total Equity	1 553 000	4 044 000	2 437 000	2 506 000
Short-Term Group Debt	120 000	112 000	112 000	112 000
Total Long-Term Debt	0	2 903 000	2 903 000	3 024 000
Creditors	0	0	144 000	231 000
Unpaid Taxes	302 000	83 000	86 000	103 000
Dividends	2 900 000	0	0	0
Other Current Debt	70 000	35 000	37 000	47 000
Total Current Debt	601 000	702 000	380 000	533 000
Total Equity and Debt	2 154 000	7 649 000	5 719 000	6 064 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,4 %	39,74 %	−2,83 %	3,47 %
Debt-to-Equity Ratio	0	0,72	1,19	1,21
Operating Profit Margin	27,05 %	63,92 %	−8,64 %	9,14 %
Current Ratio	2,27	1,87	1,12	1,23
Quick Ratio	2,27	1,87	1,12	1,43
Equity Ratio	0,72	0,53	0,43	0,41
Gross Profit Margin	100 %	100 %	85,48 %	106,34 %