STJERNEN HOCKEY FREDRIKSTAD

1605 FREDRIKSTAD

Finances

Share Ownership

Return on Equity

51,6 %

Current Ratio

0,19

Debt-to-Equity Ratio

−0,35

Key figures (NOK)	2005	2003	2002
Revenue	9 061 000	8 342 000	6 703 000
Net Income	−630 000	67 000	275 000
Total Assets	1 294 000	1 146 000	1 353 000
Total Equity	−1 221 000	−749 000	−817 000

Income (NOK)	2005	2003	2002
Revenue	9 061 000	8 342 000	6 703 000
Expenditure	9 519 000	8 101 000	6 368 000
Operating Profit	−544 000	241 000	335 000
Financial Income	0	1 000	5 000
Financial Costs	86 000	97 000	65 000
Financial Balance	−86 000	−96 000	−60 000
Earnings Before Tax	−630 000	145 000	275 000
Tax	0	0	0
Net Income	−630 000	67 000	275 000

Balance (NOK)	2005	2003	2002
Total Fixed Assets	110 000	22 000	39 000
Total Current Assets	405 000	1 124 000	1 314 000
Total Assets	1 294 000	1 146 000	1 353 000
Total Retained Equity	0	−749 000	−817 000
Total Equity	−1 221 000	−749 000	−817 000
Total Long-Term Debt	426 000	436 000	454 000
Total Current Debt	2 089 000	1 459 000	1 715 000
Total Equity and Debt	1 294 000	1 146 000	1 352 000

Cash flow (NOK)	2005	2003	2002
Sales Income	3 452 000	5 793 000	6 703 000
Other Income	5 609 000	2 549 000	0
Revenue	9 061 000	8 342 000	6 703 000
Cost of Goods Sold	2 232 000	0	0
Salary Costs	5 652 000	4 729 000	3 665 000
Depreciation	44 000	0	0
Impairment	0	0	0
Expenditure	9 519 000	8 101 000	6 368 000
Operating Profit	−544 000	241 000	335 000
Financial Income	0	1 000	5 000
Financial Costs	86 000	97 000	65 000
Financial Balance	−86 000	−96 000	−60 000
Dividends	0	0	0
Net Income	−630 000	67 000	275 000

Balance details (NOK)	2005	2003	2002
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	103 000	22 000	39 000
Total Tangible Assets	103 000	22 000	39 000
Total Fiancial Fixed Assets	7 000	0	0
Total Fixed Assets	110 000	22 000	39 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	405 000	1 124 000	1 314 000
Total Assets	1 294 000	1 146 000	1 353 000
Total Equity	−1 221 000	−749 000	−817 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	426 000	436 000	454 000
Creditors	976 000	705 000	679 000
Unpaid Taxes	915 000	392 000	749 000
Dividends	0	0	0
Other Current Debt	199 000	362 000	287 000
Total Current Debt	2 089 000	1 459 000	1 715 000
Total Equity and Debt	1 294 000	1 146 000	1 352 000

Financial indicators	2005	2003	2002
Return on Equity	51,6 %	−8,95 %	−33,66 %
Debt-to-Equity Ratio	−0,35	−0,58	−0,56
Operating Profit Margin	−6 %	2,89 %	5 %
Current Ratio	0,19	0,77	0,77
Quick Ratio	0,19	0,77	0,77
Equity Ratio	−0,94	−0,65	−0,6
Gross Profit Margin	75,37 %	100 %	100 %