SÆTHERS CONDITORI ANS

7500 STJØRDAL

Finances

Share Ownership

Return on Equity

−21,53 %

Current Ratio

1,34

Debt-to-Equity Ratio

−1,32

Key figures (NOK)	2006	2005	2004	2003
Revenue	755 000	9 044 000	8 498 000	7 729 000
Net Income	518 000	1 212 000	897 000	554 000
Total Assets	964 000	1 070 000	1 065 000	1 094 000
Total Equity	−2 406 000	−2 437 000	−2 954 000	−2 673 000

Income (NOK)	2006	2005	2004	2003
Revenue	755 000	9 044 000	8 498 000	7 729 000
Expenditure	33 000	7 623 000	7 371 000	6 803 000
Operating Profit	722 000	1 421 000	1 127 000	925 000
Financial Income	4 000	0	0	1 000
Financial Costs	209 000	209 000	230 000	372 000
Financial Balance	−205 000	−209 000	−230 000	−371 000
Earnings Before Tax	518 000	1 212 000	897 000	554 000
Tax	0	0	0	0
Net Income	518 000	1 212 000	897 000	554 000

Balance (NOK)	2006	2005	2004	2003
Total Fixed Assets	714 000	818 000	823 000	874 000
Total Current Assets	250 000	253 000	242 000	220 000
Total Assets	964 000	1 070 000	1 065 000	1 094 000
Total Retained Equity	−2 406 000	0	0	0
Total Equity	−2 406 000	−2 437 000	−2 954 000	−2 673 000
Total Long-Term Debt	3 183 000	2 622 000	2 732 000	2 831 000
Total Current Debt	187 000	885 000	1 287 000	936 000
Total Equity and Debt	964 000	1 070 000	1 065 000	1 094 000

Cash flow (NOK)	2006	2005	2004	2003
Sales Income	0	8 864 000	8 348 000	7 624 000
Other Income	755 000	179 000	150 000	105 000
Revenue	755 000	9 044 000	8 498 000	7 729 000
Cost of Goods Sold	0	4 210 000	4 042 000	3 402 000
Salary Costs	0	2 185 000	2 205 000	1 990 000
Depreciation	20 000	66 000	51 000	50 000
Impairment	0	0	0	0
Expenditure	33 000	7 623 000	7 371 000	6 803 000
Operating Profit	722 000	1 421 000	1 127 000	925 000
Financial Income	4 000	0	0	1 000
Financial Costs	209 000	209 000	230 000	372 000
Financial Balance	−205 000	−209 000	−230 000	−371 000
Dividends	0	0	0	0
Net Income	518 000	1 212 000	897 000	554 000

Balance details (NOK)	2006	2005	2004	2003
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	712 000	732 000	751 000	771 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	84 000	69 000	101 000
Total Tangible Assets	712 000	816 000	821 000	872 000
Total Fiancial Fixed Assets	2 000	2 000	2 000	2 000
Total Fixed Assets	714 000	818 000	823 000	874 000
Stock	0	56 000	61 000	54 000
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	250 000	253 000	242 000	220 000
Total Assets	964 000	1 070 000	1 065 000	1 094 000
Total Equity	−2 406 000	−2 437 000	−2 954 000	−2 673 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 183 000	2 622 000	2 732 000	2 831 000
Creditors	0	419 000	756 000	508 000
Unpaid Taxes	0	206 000	204 000	191 000
Dividends	0	0	0	0
Other Current Debt	187 000	261 000	327 000	237 000
Total Current Debt	187 000	885 000	1 287 000	936 000
Total Equity and Debt	964 000	1 070 000	1 065 000	1 094 000

Financial indicators	2006	2005	2004	2003
Return on Equity	−21,53 %	−49,73 %	−30,37 %	−20,73 %
Debt-to-Equity Ratio	−1,32	−1,08	−0,92	−1,06
Operating Profit Margin	95,63 %	15,71 %	13,26 %	11,97 %
Current Ratio	1,34	0,29	0,19	0,24
Quick Ratio	1,34	0,31	0,2	0,25
Equity Ratio	−2,5	−2,28	−2,77	−2,44
Gross Profit Margin	100 %	53,45 %	52,44 %	55,98 %