T K TREINNREDNING Tore Kinnerød

1383 ASKER

Finances

Share Ownership

Return on Equity

−22,67 %

Current Ratio

0,04

Debt-to-Equity Ratio

−1,68

Key figures (NOK)	2003	2002	2001
Revenue	953 000	2 497 000	14 534 000
Net Income	17 000	−345 000	221 000
Total Assets	295 000	829 000	3 547 000
Total Equity	−75 000	49 000	159 000

Income (NOK)	2003	2002	2001
Revenue	953 000	2 497 000	14 534 000
Expenditure	931 000	2 817 000	14 289 000
Operating Profit	22 000	−320 000	245 000
Financial Income	0	6 000	22 000
Financial Costs	5 000	31 000	46 000
Financial Balance	−5 000	−25 000	−24 000
Earnings Before Tax	17 000	−345 000	221 000
Tax	0	0	0
Net Income	17 000	−345 000	221 000

Balance (NOK)	2003	2002	2001
Total Fixed Assets	284 000	656 000	1 506 000
Total Current Assets	11 000	173 000	2 041 000
Total Assets	295 000	829 000	3 547 000
Total Retained Equity	−1 567 000	−344 000	0
Total Equity	−75 000	49 000	159 000
Total Long-Term Debt	126 000	214 000	476 000
Total Current Debt	245 000	565 000	2 913 000
Total Equity and Debt	295 000	828 000	3 548 000

Cash flow (NOK)	2003	2002	2001
Sales Income	953 000	2 046 000	14 534 000
Other Income	0	451 000	0
Revenue	953 000	2 497 000	14 534 000
Cost of Goods Sold	390 000	1 080 000	8 744 000
Salary Costs	0	926 000	2 782 000
Depreciation	58 000	52 000	578 000
Impairment	0	0	0
Expenditure	931 000	2 817 000	14 289 000
Operating Profit	22 000	−320 000	245 000
Financial Income	0	6 000	22 000
Financial Costs	5 000	31 000	46 000
Financial Balance	−5 000	−25 000	−24 000
Dividends	0	0	0
Net Income	17 000	−345 000	221 000

Balance details (NOK)	2003	2002	2001
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	171 000	511 000	1 331 000
Total Tangible Assets	284 000	656 000	1 506 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	284 000	656 000	1 506 000
Stock	0	0	48 000
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	11 000	173 000	2 041 000
Total Assets	295 000	829 000	3 547 000
Total Equity	−75 000	49 000	159 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	126 000	214 000	476 000
Creditors	50 000	371 000	2 253 000
Unpaid Taxes	0	0	458 000
Dividends	0	0	0
Other Current Debt	195 000	194 000	202 000
Total Current Debt	245 000	565 000	2 913 000
Total Equity and Debt	295 000	828 000	3 548 000

Financial indicators	2003	2002	2001
Return on Equity	−22,67 %	−704,08 %	138,99 %
Debt-to-Equity Ratio	−1,68	4,37	2,99
Operating Profit Margin	2,31 %	−12,82 %	1,69 %
Current Ratio	0,04	0,31	0,7
Quick Ratio	0,04	0,31	0,71
Equity Ratio	−0,25	0,06	0,04
Gross Profit Margin	59,08 %	56,75 %	39,84 %