ÅSGÅRD A

6644 BÆVERFJORD

Finances

Share Ownership

Return on Equity

235,56 %

Current Ratio

0,8

Debt-to-Equity Ratio

Key figures (NOK)	2004	2003	2002
Revenue	5 065 000	4 953 000	4 878 000
Net Income	212 000	219 000	254 000
Total Assets	789 000	737 000	785 000
Total Equity	90 000	108 000	10 000

Income (NOK)	2004	2003	2002
Revenue	5 065 000	4 953 000	4 878 000
Expenditure	4 808 000	4 670 000	4 542 000
Operating Profit	257 000	283 000	336 000
Financial Income	0	5 000	0
Financial Costs	46 000	69 000	82 000
Financial Balance	−46 000	−64 000	−82 000
Earnings Before Tax	212 000	219 000	254 000
Tax	0	0	0
Net Income	212 000	219 000	254 000

Balance (NOK)	2004	2003	2002
Total Fixed Assets	232 000	273 000	316 000
Total Current Assets	557 000	464 000	469 000
Total Assets	789 000	737 000	785 000
Total Retained Equity	90 000	−121 000	10 000
Total Equity	90 000	108 000	10 000
Total Long-Term Debt	0	43 000	151 000
Total Current Debt	699 000	586 000	624 000
Total Equity and Debt	789 000	737 000	785 000

Cash flow (NOK)	2004	2003	2002
Sales Income	4 961 000	4 846 000	4 763 000
Other Income	104 000	107 000	115 000
Revenue	5 065 000	4 953 000	4 878 000
Cost of Goods Sold	4 330 000	4 196 000	4 081 000
Salary Costs	78 000	73 000	79 000
Depreciation	41 000	43 000	44 000
Impairment	0	0	0
Expenditure	4 808 000	4 670 000	4 542 000
Operating Profit	257 000	283 000	336 000
Financial Income	0	5 000	0
Financial Costs	46 000	69 000	82 000
Financial Balance	−46 000	−64 000	−82 000
Dividends	0	0	0
Net Income	212 000	219 000	254 000

Balance details (NOK)	2004	2003	2002
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	137 000	142 000	147 000
Machinery and Plant Facilities	0	0	0
Fixtures	95 000	131 000	169 000
Total Tangible Assets	232 000	273 000	316 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	232 000	273 000	316 000
Stock	430 000	327 000	387 000
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	557 000	464 000	469 000
Total Assets	789 000	737 000	785 000
Total Equity	90 000	108 000	10 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	43 000	151 000
Creditors	161 000	39 000	32 000
Unpaid Taxes	12 000	33 000	44 000
Dividends	0	0	0
Other Current Debt	25 000	25 000	29 000
Total Current Debt	699 000	586 000	624 000
Total Equity and Debt	789 000	737 000	785 000

Financial indicators	2004	2003	2002
Return on Equity	235,56 %	202,78 %	2 540 %
Debt-to-Equity Ratio	0	0,4	15,1
Operating Profit Margin	5,07 %	5,71 %	6,89 %
Current Ratio	0,8	0,79	0,75
Quick Ratio	2,07	1,79	1,98
Equity Ratio	0,11	0,15	0,01
Gross Profit Margin	14,51 %	15,28 %	16,34 %