MERKANTIL-TEAM V/OLAV EIDE

3268 LARVIK

Finances

Share Ownership

Return on Equity

103,44 %

Current Ratio

2,9

Debt-to-Equity Ratio

Key figures (NOK)	2011	2009	2008	2005
Revenue	1 171 000	875 000	970 000	984 000
Net Income	1 083 000	627 000	618 000	243 000
Total Assets	1 474 000	1 188 000	1 184 000	1 076 000
Total Equity	1 047 000	596 000	548 000	175 000

Income (NOK)	2011	2009	2008	2005
Revenue	1 171 000	875 000	970 000	984 000
Expenditure	295 000	442 000	456 000	779 000
Operating Profit	876 000	433 000	514 000	206 000
Financial Income	211 000	199 000	123 000	48 000
Financial Costs	3 000	5 000	19 000	11 000
Financial Balance	208 000	194 000	104 000	37 000
Earnings Before Tax	1 083 000	627 000	618 000	243 000
Tax	0	0	0	0
Net Income	1 083 000	627 000	618 000	243 000

Balance (NOK)	2011	2009	2008	2005
Total Fixed Assets	234 000	406 000	482 000	794 000
Total Current Assets	1 240 000	782 000	702 000	282 000
Total Assets	1 474 000	1 188 000	1 184 000	1 076 000
Total Retained Equity	1 047 000	596 000	548 000	175 000
Total Equity	1 047 000	596 000	548 000	175 000
Total Long-Term Debt	0	55 000	55 000	302 000
Total Current Debt	427 000	537 000	581 000	600 000
Total Equity and Debt	1 474 000	1 188 000	1 184 000	1 076 000

Cash flow (NOK)	2011	2009	2008	2005
Sales Income	827 000	875 000	955 000	939 000
Other Income	344 000	0	15 000	45 000
Revenue	1 171 000	875 000	970 000	984 000
Cost of Goods Sold	5 000	23 000	0	8 000
Salary Costs	79 000	91 000	60 000	285 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	295 000	442 000	456 000	779 000
Operating Profit	876 000	433 000	514 000	206 000
Financial Income	211 000	199 000	123 000	48 000
Financial Costs	3 000	5 000	19 000	11 000
Financial Balance	208 000	194 000	104 000	37 000
Dividends	0	0	0	0
Net Income	1 083 000	627 000	618 000	243 000

Balance details (NOK)	2011	2009	2008	2005
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	234 000	406 000	482 000	794 000
Total Fixed Assets	234 000	406 000	482 000	794 000
Stock	0	0	0	0
Total Investments	0	0	22 000	22 000
Cash, Bank	275 000	103 000	57 000	0
Total Current Assets	1 240 000	782 000	702 000	282 000
Total Assets	1 474 000	1 188 000	1 184 000	1 076 000
Total Equity	1 047 000	596 000	548 000	175 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	55 000	55 000	302 000
Creditors	24 000	30 000	120 000	243 000
Unpaid Taxes	149 000	182 000	182 000	180 000
Dividends	0	0	0	0
Other Current Debt	254 000	325 000	278 000	177 000
Total Current Debt	427 000	537 000	581 000	600 000
Total Equity and Debt	1 474 000	1 188 000	1 184 000	1 076 000

Financial indicators	2011	2009	2008	2005
Return on Equity	103,44 %	105,2 %	112,77 %	138,86 %
Debt-to-Equity Ratio	0	0,09	0,1	1,73
Operating Profit Margin	74,81 %	49,49 %	52,99 %	20,93 %
Current Ratio	2,9	1,46	1,21	0,47
Quick Ratio	2,9	1,46	1,21	0,47
Equity Ratio	0,71	0,5	0,46	0,16
Gross Profit Margin	99,57 %	97,37 %	100 %	99,19 %