MERKANTIL OG REGNSKAPSTEKNISK SERVICE A HARSTAD & CO

0493 OSLO

Finances

Share Ownership

Return on Equity

787,1 %

Current Ratio

3,38

Debt-to-Equity Ratio

Key figures (NOK)	2005	2004	2003	2002
Revenue	336 000	306 000	272 000	324 000
Net Income	244 000	225 000	188 000	232 000
Total Assets	44 000	42 000	56 000	43 000
Total Equity	31 000	29 000	44 000	35 000

Income (NOK)	2005	2004	2003	2002
Revenue	336 000	306 000	272 000	324 000
Expenditure	92 000	79 000	83 000	92 000
Operating Profit	244 000	227 000	188 000	232 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	0	0
Financial Balance	0	−1 000	0	0
Earnings Before Tax	244 000	225 000	188 000	232 000
Tax	0	0	0	0
Net Income	244 000	225 000	188 000	232 000

Balance (NOK)	2005	2004	2003	2002
Total Fixed Assets	0	0	0	0
Total Current Assets	44 000	42 000	56 000	43 000
Total Assets	44 000	42 000	56 000	43 000
Total Retained Equity	2 000	0	0	0
Total Equity	31 000	29 000	44 000	35 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	13 000	13 000	12 000	8 000
Total Equity and Debt	44 000	42 000	56 000	43 000

Cash flow (NOK)	2005	2004	2003	2002
Sales Income	336 000	306 000	272 000	324 000
Other Income	0	0	0	0
Revenue	336 000	306 000	272 000	324 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	4 000
Impairment	0	0	0	0
Expenditure	92 000	79 000	83 000	92 000
Operating Profit	244 000	227 000	188 000	232 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	0	0
Financial Balance	0	−1 000	0	0
Dividends	0	0	0	0
Net Income	244 000	225 000	188 000	232 000

Balance details (NOK)	2005	2004	2003	2002
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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	44 000	42 000	56 000	43 000
Total Assets	44 000	42 000	56 000	43 000
Total Equity	31 000	29 000	44 000	35 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 000	3 000	3 000	1 000
Unpaid Taxes	11 000	10 000	8 000	7 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	13 000	13 000	12 000	8 000
Total Equity and Debt	44 000	42 000	56 000	43 000

Financial indicators	2005	2004	2003	2002
Return on Equity	787,1 %	775,86 %	427,27 %	662,86 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	72,62 %	74,18 %	69,12 %	71,6 %
Current Ratio	3,38	3,23	4,67	5,38
Quick Ratio	3,38	3,23	4,67	5,38
Equity Ratio	0,7	0,69	0,79	0,81
Gross Profit Margin	100 %	100 %	100 %	100 %