SIVILØKONOM NORVALL THORMODSÆTER

4270 ÅKREHAMN

Finances

Share Ownership

Return on Equity

203,45 %

Current Ratio

2,21

Debt-to-Equity Ratio

Key figures (NOK)	2008	2006	2005	2004
Revenue	81 000	69 000	1 454 000	1 295 000
Net Income	59 000	45 000	1 106 000	548 000
Total Assets	53 000	280 000	963 000	439 000
Total Equity	29 000	274 000	635 000	219 000

Income (NOK)	2008	2006	2005	2004
Revenue	81 000	69 000	1 454 000	1 295 000
Expenditure	22 000	21 000	846 000	749 000
Operating Profit	59 000	49 000	608 000	546 000
Financial Income	3 000	0	1 000	5 000
Financial Costs	2 000	4 000	3 000	2 000
Financial Balance	1 000	−4 000	−2 000	3 000
Earnings Before Tax	59 000	45 000	606 000	548 000
Tax	0	0	0	0
Net Income	59 000	45 000	1 106 000	548 000

Balance (NOK)	2008	2006	2005	2004
Total Fixed Assets	0	0	0	0
Total Current Assets	53 000	280 000	963 000	439 000
Total Assets	53 000	280 000	963 000	439 000
Total Retained Equity	29 000	274 000	635 000	219 000
Total Equity	29 000	274 000	635 000	219 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	24 000	6 000	327 000	220 000
Total Equity and Debt	53 000	280 000	963 000	439 000

Cash flow (NOK)	2008	2006	2005	2004
Sales Income	81 000	0	0	0
Other Income	0	69 000	1 454 000	1 295 000
Revenue	81 000	69 000	1 454 000	1 295 000
Cost of Goods Sold	0	0	53 000	41 000
Salary Costs	0	−5 000	446 000	415 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	22 000	21 000	846 000	749 000
Operating Profit	59 000	49 000	608 000	546 000
Financial Income	3 000	0	1 000	5 000
Financial Costs	2 000	4 000	3 000	2 000
Financial Balance	1 000	−4 000	−2 000	3 000
Dividends	0	0	0	0
Net Income	59 000	45 000	1 106 000	548 000

Balance details (NOK)	2008	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	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	33 000	0	0	0
Total Current Assets	53 000	280 000	963 000	439 000
Total Assets	53 000	280 000	963 000	439 000
Total Equity	29 000	274 000	635 000	219 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	19 000	0	34 000	62 000
Unpaid Taxes	5 000	6 000	106 000	99 000
Dividends	0	0	0	0
Other Current Debt	0	0	51 000	59 000
Total Current Debt	24 000	6 000	327 000	220 000
Total Equity and Debt	53 000	280 000	963 000	439 000

Financial indicators	2008	2006	2005	2004
Return on Equity	203,45 %	16,42 %	174,17 %	250,23 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	72,84 %	71,01 %	41,82 %	42,16 %
Current Ratio	2,21	46,67	2,94	2
Quick Ratio	2,21	46,67	2,94	2
Equity Ratio	0,55	0,98	0,66	0,5
Gross Profit Margin	100 %	100 %	96,35 %	96,83 %