BJØRGE BORGAN

3076 SANDE I VESTFOLD

Finances

Share Ownership

Return on Equity

1 050 %

Current Ratio

−0

Debt-to-Equity Ratio

Key figures (NOK)	2004	2002	2001
Revenue	55 000	47 000	53 000
Net Income	21 000	20 000	30 000
Total Assets	0	2 000	4 000
Total Equity	2 000	2 000	4 000

Income (NOK)	2004	2002	2001
Revenue	55 000	47 000	53 000
Expenditure	34 000	27 000	23 000
Operating Profit	21 000	20 000	30 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Earnings Before Tax	21 000	20 000	30 000
Tax	0	0	0
Net Income	21 000	20 000	30 000

Balance (NOK)	2004	2002	2001
Total Fixed Assets	0	0	4 000
Total Current Assets	0	2 000	0
Total Assets	0	2 000	4 000
Total Retained Equity	2 000	0	0
Total Equity	2 000	2 000	4 000
Total Long-Term Debt	0	0	0
Total Current Debt	−2 000	0	0
Total Equity and Debt	0	2 000	4 000

Cash flow (NOK)	2004	2002	2001
Sales Income	55 000	47 000	53 000
Other Income	0	0	0
Revenue	55 000	47 000	53 000
Cost of Goods Sold	0	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	34 000	27 000	23 000
Operating Profit	21 000	20 000	30 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Dividends	0	22 000	27 000
Net Income	21 000	20 000	30 000

Balance details (NOK)	2004	2002	2001
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	4 000
Total Fixed Assets	0	0	4 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	0	2 000	0
Total Assets	0	2 000	4 000
Total Equity	2 000	2 000	4 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	0	0
Unpaid Taxes	−2 000	0	0
Dividends	0	22 000	27 000
Other Current Debt	0	0	0
Total Current Debt	−2 000	0	0
Total Equity and Debt	0	2 000	4 000

Financial indicators	2004	2002	2001
Return on Equity	1 050 %	1 000 %	750 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	38,18 %	42,55 %	56,6 %
Current Ratio	−0	-	-
Quick Ratio	−0	-	-
Equity Ratio	-	1	1
Gross Profit Margin	100 %	100 %	100 %