ARTIN PIPING AS

3728 SKIEN

Finances

Share Ownership

Return on Equity

33,24 %

Current Ratio

1,83

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 945 000	9 673 000	12 221 000	13 130 000
Net Income	1 745 000	3 475 000	4 849 000	4 056 000
Total Assets	7 289 000	6 749 000	9 072 000	9 877 000
Total Equity	5 250 000	3 505 000	30 000	4 146 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 945 000	9 673 000	12 221 000	13 130 000
Expenditure	4 680 000	5 162 000	5 902 000	7 765 000
Operating Profit	2 266 000	4 512 000	6 320 000	5 364 000
Financial Income	12 000	2 000	−1 000	2 000
Financial Costs	40 000	57 000	135 000	142 000
Financial Balance	−28 000	−55 000	−136 000	−140 000
Earnings Before Tax	2 237 000	4 456 000	6 184 000	5 224 000
Tax	492 000	981 000	1 335 000	1 168 000
Net Income	1 745 000	3 475 000	4 849 000	4 056 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 407 000	5 648 000	5 279 000	4 931 000
Total Current Assets	1 882 000	1 101 000	3 793 000	4 946 000
Total Assets	7 289 000	6 749 000	9 072 000	9 877 000
Total Retained Equity	5 229 000	3 484 000	9 000	4 125 000
Total Equity	5 250 000	3 505 000	30 000	4 146 000
Total Long-Term Debt	1 011 000	1 202 000	1 415 000	2 717 000
Total Current Debt	1 028 000	2 043 000	7 628 000	3 014 000
Total Equity and Debt	7 289 000	6 749 000	9 072 000	9 877 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 921 000	9 670 000	10 777 000	12 940 000
Other Income	24 000	3 000	1 444 000	190 000
Revenue	6 945 000	9 673 000	12 221 000	13 130 000
Cost of Goods Sold	324 000	170 000	170 000	380 000
Salary Costs	3 124 000	3 852 000	4 180 000	5 324 000
Depreciation	55 000	101 000	68 000	38 000
Impairment	0	0	0	0
Expenditure	4 680 000	5 162 000	5 902 000	7 765 000
Operating Profit	2 266 000	4 512 000	6 320 000	5 364 000
Financial Income	12 000	2 000	−1 000	2 000
Financial Costs	40 000	57 000	135 000	142 000
Financial Balance	−28 000	−55 000	−136 000	−140 000
Dividends	0	0	8 965 000	0
Net Income	1 745 000	3 475 000	4 849 000	4 056 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	5 184 000	5 172 000	4 859 000	4 682 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	197 000	435 000	378 000	207 000
Total Tangible Assets	5 381 000	5 607 000	5 237 000	4 889 000
Total Fiancial Fixed Assets	26 000	42 000	42 000	42 000
Total Fixed Assets	5 407 000	5 648 000	5 279 000	4 931 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 544 000	1 011 000	2 963 000	4 452 000
Total Current Assets	1 882 000	1 101 000	3 793 000	4 946 000
Total Assets	7 289 000	6 749 000	9 072 000	9 877 000
Total Equity	5 250 000	3 505 000	30 000	4 146 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 011 000	1 202 000	1 415 000	2 717 000
Creditors	28 000	73 000	78 000	115 000
Unpaid Taxes	211 000	381 000	846 000	562 000
Dividends	0	0	8 965 000	0
Other Current Debt	264 000	601 000	597 000	1 169 000
Total Current Debt	1 028 000	2 043 000	7 628 000	3 014 000
Total Equity and Debt	7 289 000	6 749 000	9 072 000	9 877 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,24 %	99,14 %	16 163,33 %	97,83 %
Debt-to-Equity Ratio	0,19	0,34	47,17	0,66
Operating Profit Margin	32,63 %	46,65 %	51,71 %	40,85 %
Current Ratio	1,83	0,54	0,5	1,64
Quick Ratio	1,83	0,54	0,5	1,64
Equity Ratio	0,72	0,52	0	0,42
Gross Profit Margin	95,33 %	98,24 %	98,61 %	97,11 %