FREDENSBORG V/RUNE ENGEN-GLUG

3960 STATHELLE

Finances

Share Ownership

Return on Equity

−165,05 %

Current Ratio

0,24

Debt-to-Equity Ratio

−0

Key figures (NOK)	2002	2001	2000
Revenue	246 000	265 000	324 000
Net Income	170 000	55 000	82 000
Total Assets	32 000	51 000	82 000
Total Equity	−103 000	−29 000	80 000

Income (NOK)	2002	2001	2000
Revenue	246 000	265 000	324 000
Expenditure	69 000	197 000	235 000
Operating Profit	177 000	68 000	89 000
Financial Income	0	0	0
Financial Costs	7 000	13 000	7 000
Financial Balance	−7 000	−13 000	−7 000
Earnings Before Tax	170 000	55 000	82 000
Tax	0	0	0
Net Income	170 000	55 000	82 000

Balance (NOK)	2002	2001	2000
Total Fixed Assets	0	40 000	65 000
Total Current Assets	32 000	11 000	17 000
Total Assets	32 000	51 000	82 000
Total Retained Equity	−103 000	−29 000	0
Total Equity	−103 000	−29 000	80 000
Total Long-Term Debt	0	0	0
Total Current Debt	135 000	79 000	3 000
Total Equity and Debt	32 000	50 000	83 000

Cash flow (NOK)	2002	2001	2000
Sales Income	0	0	0
Other Income	246 000	265 000	324 000
Revenue	246 000	265 000	324 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	69 000	197 000	235 000
Operating Profit	177 000	68 000	89 000
Financial Income	0	0	0
Financial Costs	7 000	13 000	7 000
Financial Balance	−7 000	−13 000	−7 000
Dividends	0	0	0
Net Income	170 000	55 000	82 000

Balance details (NOK)	2002	2001	2000
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	40 000	65 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	32 000	11 000	17 000
Total Assets	32 000	51 000	82 000
Total Equity	−103 000	−29 000	80 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	135 000	79 000	3 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	0	0	0
Total Current Debt	135 000	79 000	3 000
Total Equity and Debt	32 000	50 000	83 000

Financial indicators	2002	2001	2000
Return on Equity	−165,05 %	−189,66 %	102,5 %
Debt-to-Equity Ratio	−0	−0	0
Operating Profit Margin	71,95 %	25,66 %	27,47 %
Current Ratio	0,24	0,14	5,67
Quick Ratio	0,24	0,14	5,67
Equity Ratio	−3,22	−0,57	0,98
Gross Profit Margin	100 %	100 %	100 %