NORGES SKOGEIERFORBUND

0158 OSLO

Finances

Return on Equity

−12,81 %

Current Ratio

4,86

Debt-to-Equity Ratio

Key figures (NOK)	2007	2006	2005	2004
Revenue	13 345 000	25 207 000	26 543 000	25 545 000
Net Income	−6 881 000	1 553 000	4 238 000	76 000
Total Assets	61 545 000	72 539 000	78 131 000	73 442 000
Total Equity	53 710 000	66 220 000	64 667 000	60 429 000

Income (NOK)	2007	2006	2005	2004
Revenue	13 345 000	25 207 000	26 543 000	25 545 000
Expenditure	17 864 000	28 525 000	31 461 000	29 830 000
Operating Profit	−4 538 000	−3 321 000	−5 015 000	−4 293 000
Financial Income	0	4 876 000	9 324 000	4 369 000
Financial Costs	0	2 000	71 000	0
Financial Balance	0	4 874 000	9 253 000	4 369 000
Earnings Before Tax	−4 538 000	1 553 000	4 238 000	76 000
Tax	0	0	0	0
Net Income	−6 881 000	1 553 000	4 238 000	76 000

Balance (NOK)	2007	2006	2005	2004
Total Fixed Assets	23 432 000	64 269 000	63 091 000	58 054 000
Total Current Assets	38 113 000	8 270 000	15 040 000	15 388 000
Total Assets	61 545 000	72 539 000	78 131 000	73 442 000
Total Retained Equity	53 710 000	66 220 000	64 667 000	60 429 000
Total Equity	53 710 000	66 220 000	64 667 000	60 429 000
Total Long-Term Debt	0	1 471 000	1 606 000	1 660 000
Total Current Debt	7 835 000	4 848 000	11 858 000	11 353 000
Total Equity and Debt	61 545 000	72 539 000	78 131 000	73 442 000

Cash flow (NOK)	2007	2006	2005	2004
Sales Income	12 683 000	22 578 000	22 119 000	21 166 000
Other Income	662 000	2 629 000	4 424 000	4 379 000
Revenue	13 345 000	25 207 000	26 543 000	25 545 000
Cost of Goods Sold	5 165 000	7 306 000	9 033 000	7 619 000
Salary Costs	6 969 000	14 370 000	15 657 000	13 935 000
Depreciation	165 000	168 000	156 000	225 000
Impairment	0	0	0	0
Expenditure	17 864 000	28 525 000	31 461 000	29 830 000
Operating Profit	−4 538 000	−3 321 000	−5 015 000	−4 293 000
Financial Income	0	4 876 000	9 324 000	4 369 000
Financial Costs	0	2 000	71 000	0
Financial Balance	0	4 874 000	9 253 000	4 369 000
Dividends	0	0	0	0
Net Income	−6 881 000	1 553 000	4 238 000	76 000

Balance details (NOK)	2007	2006	2005	2004
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	339 000	503 000	215 000	348 000
Total Tangible Assets	339 000	503 000	215 000	348 000
Total Fiancial Fixed Assets	23 093 000	63 766 000	62 876 000	57 706 000
Total Fixed Assets	23 432 000	64 269 000	63 091 000	58 054 000
Stock	0	0	0	0
Total Investments	33 527 000	2 795 000	8 500 000	6 794 000
Cash, Bank	0	0	0	0
Total Current Assets	38 113 000	8 270 000	15 040 000	15 388 000
Total Assets	61 545 000	72 539 000	78 131 000	73 442 000
Total Equity	53 710 000	66 220 000	64 667 000	60 429 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 471 000	1 606 000	1 660 000
Creditors	1 703 000	860 000	1 679 000	4 503 000
Unpaid Taxes	381 000	968 000	1 404 000	523 000
Dividends	0	0	0	0
Other Current Debt	2 241 000	3 020 000	5 775 000	6 327 000
Total Current Debt	7 835 000	4 848 000	11 858 000	11 353 000
Total Equity and Debt	61 545 000	72 539 000	78 131 000	73 442 000

Financial indicators	2007	2006	2005	2004
Return on Equity	−12,81 %	2,35 %	6,55 %	0,13 %
Debt-to-Equity Ratio	0	0,02	0,02	0,03
Operating Profit Margin	−34,01 %	−13,17 %	−18,89 %	−16,81 %
Current Ratio	4,86	1,71	1,27	1,36
Quick Ratio	4,86	1,71	1,27	1,36
Equity Ratio	0,87	0,91	0,83	0,82
Gross Profit Margin	61,3 %	71,02 %	65,97 %	70,17 %