NORGES FORSVARSFORENING

0354 OSLO

Finances

Share Ownership

Return on Equity

−163,15 %

Current Ratio

1,46

Debt-to-Equity Ratio

Key figures (NOK)	2011	2010	2009	2008
Revenue	3 555 000	4 682 000	4 751 000	5 209 000
Net Income	−1 253 000	−373 000	−343 000	−189 000
Total Assets	2 159 000	2 699 000	2 915 000	3 119 000
Total Equity	768 000	2 013 000	2 401 000	2 322 000

Income (NOK)	2011	2010	2009	2008
Revenue	3 555 000	4 682 000	4 751 000	5 209 000
Expenditure	4 827 000	5 103 000	5 128 000	5 512 000
Operating Profit	−1 272 000	−421 000	−377 000	−303 000
Financial Income	34 000	53 000	65 000	120 000
Financial Costs	15 000	6 000	30 000	7 000
Financial Balance	19 000	47 000	35 000	113 000
Earnings Before Tax	−1 253 000	−373 000	−343 000	−189 000
Tax	0	0	0	0
Net Income	−1 253 000	−373 000	−343 000	−189 000

Balance (NOK)	2011	2010	2009	2008
Total Fixed Assets	125 000	125 000	150 000	0
Total Current Assets	2 034 000	2 574 000	2 765 000	3 119 000
Total Assets	2 159 000	2 699 000	2 915 000	3 119 000
Total Retained Equity	153 000	1 406 000	1 779 000	2 122 000
Total Equity	768 000	2 013 000	2 401 000	2 322 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 392 000	686 000	515 000	797 000
Total Equity and Debt	2 159 000	2 699 000	2 915 000	3 119 000

Cash flow (NOK)	2011	2010	2009	2008
Sales Income	2 647 000	3 799 000	3 920 000	4 414 000
Other Income	908 000	883 000	831 000	795 000
Revenue	3 555 000	4 682 000	4 751 000	5 209 000
Cost of Goods Sold	0	0	0	2 816 000
Salary Costs	1 639 000	1 622 000	1 538 000	1 462 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	4 827 000	5 103 000	5 128 000	5 512 000
Operating Profit	−1 272 000	−421 000	−377 000	−303 000
Financial Income	34 000	53 000	65 000	120 000
Financial Costs	15 000	6 000	30 000	7 000
Financial Balance	19 000	47 000	35 000	113 000
Dividends	0	0	0	0
Net Income	−1 253 000	−373 000	−343 000	−189 000

Balance details (NOK)	2011	2010	2009	2008
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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	125 000	125 000	150 000	0
Total Fixed Assets	125 000	125 000	150 000	0
Stock	87 000	122 000	101 000	102 000
Total Investments	0	0	0	0
Cash, Bank	1 477 000	1 644 000	1 650 000	2 377 000
Total Current Assets	2 034 000	2 574 000	2 765 000	3 119 000
Total Assets	2 159 000	2 699 000	2 915 000	3 119 000
Total Equity	768 000	2 013 000	2 401 000	2 322 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	73 000	74 000	0	0
Unpaid Taxes	109 000	175 000	164 000	158 000
Dividends	0	0	0	0
Other Current Debt	1 210 000	436 000	351 000	639 000
Total Current Debt	1 392 000	686 000	515 000	797 000
Total Equity and Debt	2 159 000	2 699 000	2 915 000	3 119 000

Financial indicators	2011	2010	2009	2008
Return on Equity	−163,15 %	−18,53 %	−14,29 %	−8,14 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−35,78 %	−8,99 %	−7,94 %	−5,82 %
Current Ratio	1,46	3,75	5,37	3,91
Quick Ratio	1,56	4,56	6,68	4,49
Equity Ratio	0,36	0,75	0,82	0,74
Gross Profit Margin	100 %	100 %	100 %	45,94 %