TICO SENTERFORENING

6600 SUNNDALSØRA

Finances

Share Ownership

Return on Equity

42,36 %

Current Ratio

2,75

Debt-to-Equity Ratio

Key figures (NOK)	2004	2003	2002
Revenue	1 404 000	1 307 000	1 312 000
Net Income	133 000	56 000	19 000
Total Assets	473 000	306 000	224 000
Total Equity	314 000	181 000	125 000

Income (NOK)	2004	2003	2002
Revenue	1 404 000	1 307 000	1 312 000
Expenditure	1 275 000	1 254 000	1 300 000
Operating Profit	129 000	53 000	12 000
Financial Income	7 000	6 000	19 000
Financial Costs	3 000	3 000	12 000
Financial Balance	4 000	3 000	7 000
Earnings Before Tax	133 000	56 000	19 000
Tax	0	0	0
Net Income	133 000	56 000	19 000

Balance (NOK)	2004	2003	2002
Total Fixed Assets	33 000	39 000	46 000
Total Current Assets	440 000	267 000	178 000
Total Assets	473 000	306 000	224 000
Total Retained Equity	314 000	181 000	125 000
Total Equity	314 000	181 000	125 000
Total Long-Term Debt	0	0	0
Total Current Debt	160 000	135 000	106 000
Total Equity and Debt	473 000	317 000	231 000

Cash flow (NOK)	2004	2003	2002
Sales Income	160 000	113 000	20 000
Other Income	1 244 000	1 194 000	1 291 000
Revenue	1 404 000	1 307 000	1 312 000
Cost of Goods Sold	0	0	0
Salary Costs	335 000	345 000	337 000
Depreciation	6 000	6 000	4 000
Impairment	0	0	0
Expenditure	1 275 000	1 254 000	1 300 000
Operating Profit	129 000	53 000	12 000
Financial Income	7 000	6 000	19 000
Financial Costs	3 000	3 000	12 000
Financial Balance	4 000	3 000	7 000
Dividends	0	0	0
Net Income	133 000	56 000	19 000

Balance details (NOK)	2004	2003	2002
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	6 000	13 000
Total Tangible Assets	0	6 000	13 000
Total Fiancial Fixed Assets	33 000	33 000	33 000
Total Fixed Assets	33 000	39 000	46 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	440 000	267 000	178 000
Total Assets	473 000	306 000	224 000
Total Equity	314 000	181 000	125 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	62 000	33 000	30 000
Unpaid Taxes	11 000	19 000	25 000
Dividends	0	0	0
Other Current Debt	86 000	84 000	51 000
Total Current Debt	160 000	135 000	106 000
Total Equity and Debt	473 000	317 000	231 000

Financial indicators	2004	2003	2002
Return on Equity	42,36 %	30,94 %	15,2 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	9,19 %	4,06 %	0,91 %
Current Ratio	2,75	1,98	1,68
Quick Ratio	2,75	1,98	1,68
Equity Ratio	0,66	0,59	0,56
Gross Profit Margin	100 %	100 %	100 %