STAVSJØ HANDEL PER ARVE PEDERSEN

2353 STAVSJØ

Finances

Share Ownership

Return on Equity

48,1 %

Current Ratio

1,64

Debt-to-Equity Ratio

0,33

Key figures (NOK)	2004	2003	2002
Revenue	7 125 000	7 632 000	8 203 000
Net Income	543 000	499 000	971 000
Total Assets	2 145 000	2 119 000	3 547 000
Total Equity	1 129 000	1 196 000	2 405 000

Income (NOK)	2004	2003	2002
Revenue	7 125 000	7 632 000	8 203 000
Expenditure	6 575 000	7 170 000	7 344 000
Operating Profit	548 000	461 000	859 000
Financial Income	0	41 000	116 000
Financial Costs	5 000	3 000	4 000
Financial Balance	−5 000	38 000	112 000
Earnings Before Tax	543 000	499 000	971 000
Tax	0	0	0
Net Income	543 000	499 000	971 000

Balance (NOK)	2004	2003	2002
Total Fixed Assets	1 091 000	1 155 000	1 150 000
Total Current Assets	1 054 000	964 000	2 397 000
Total Assets	2 145 000	2 119 000	3 547 000
Total Retained Equity	1 129 000	1 196 000	2 405 000
Total Equity	1 129 000	1 196 000	2 405 000
Total Long-Term Debt	375 000	469 000	563 000
Total Current Debt	641 000	455 000	580 000
Total Equity and Debt	2 145 000	2 119 000	3 548 000

Cash flow (NOK)	2004	2003	2002
Sales Income	6 341 000	6 872 000	7 493 000
Other Income	783 000	759 000	710 000
Revenue	7 125 000	7 632 000	8 203 000
Cost of Goods Sold	5 074 000	5 563 000	5 959 000
Salary Costs	639 000	569 000	593 000
Depreciation	150 000	148 000	167 000
Impairment	0	0	0
Expenditure	6 575 000	7 170 000	7 344 000
Operating Profit	548 000	461 000	859 000
Financial Income	0	41 000	116 000
Financial Costs	5 000	3 000	4 000
Financial Balance	−5 000	38 000	112 000
Dividends	0	0	0
Net Income	543 000	499 000	971 000

Balance details (NOK)	2004	2003	2002
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	902 000	922 000	993 000
Machinery and Plant Facilities	0	0	55 000
Fixtures	182 000	226 000	95 000
Total Tangible Assets	1 084 000	1 148 000	1 143 000
Total Fiancial Fixed Assets	7 000	7 000	7 000
Total Fixed Assets	1 091 000	1 155 000	1 150 000
Stock	467 000	454 000	543 000
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	1 054 000	964 000	2 397 000
Total Assets	2 145 000	2 119 000	3 547 000
Total Equity	1 129 000	1 196 000	2 405 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	375 000	469 000	563 000
Creditors	544 000	363 000	468 000
Unpaid Taxes	38 000	37 000	57 000
Dividends	0	0	0
Other Current Debt	59 000	54 000	55 000
Total Current Debt	641 000	455 000	580 000
Total Equity and Debt	2 145 000	2 119 000	3 548 000

Financial indicators	2004	2003	2002
Return on Equity	48,1 %	41,72 %	40,37 %
Debt-to-Equity Ratio	0,33	0,39	0,23
Operating Profit Margin	7,69 %	6,04 %	10,47 %
Current Ratio	1,64	2,12	4,13
Quick Ratio	6,06	964	64,78
Equity Ratio	0,53	0,56	0,68
Gross Profit Margin	28,79 %	27,11 %	27,36 %