HORNSETH TORLEIF S

2484 RENDALEN

Finances

Share Ownership

Return on Equity

30,05 %

Current Ratio

35,82

Debt-to-Equity Ratio

Key figures (NOK)	2005	2004	2003	2002
Revenue	252 000	280 000	335 000	412 000
Net Income	128 000	175 000	232 000	325 000
Total Assets	437 000	444 000	558 000	593 000
Total Equity	426 000	386 000	488 000	503 000

Income (NOK)	2005	2004	2003	2002
Revenue	252 000	280 000	335 000	412 000
Expenditure	124 000	104 000	102 000	87 000
Operating Profit	128 000	175 000	232 000	325 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	128 000	175 000	232 000	325 000
Tax	0	0	0	0
Net Income	128 000	175 000	232 000	325 000

Balance (NOK)	2005	2004	2003	2002
Total Fixed Assets	42 000	32 000	40 000	51 000
Total Current Assets	394 000	411 000	518 000	542 000
Total Assets	437 000	444 000	558 000	593 000
Total Retained Equity	426 000	386 000	488 000	503 000
Total Equity	426 000	386 000	488 000	503 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	11 000	58 000	70 000	90 000
Total Equity and Debt	437 000	444 000	558 000	593 000

Cash flow (NOK)	2005	2004	2003	2002
Sales Income	252 000	280 000	335 000	412 000
Other Income	0	0	0	0
Revenue	252 000	280 000	335 000	412 000
Cost of Goods Sold	9 000	9 000	7 000	17 000
Salary Costs	0	0	0	0
Depreciation	11 000	8 000	10 000	9 000
Impairment	0	0	0	0
Expenditure	124 000	104 000	102 000	87 000
Operating Profit	128 000	175 000	232 000	325 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	128 000	175 000	232 000	325 000

Balance details (NOK)	2005	2004	2003	2002
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	51 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	42 000	32 000	40 000	0
Total Tangible Assets	42 000	32 000	40 000	51 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	42 000	32 000	40 000	51 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	394 000	411 000	518 000	542 000
Total Assets	437 000	444 000	558 000	593 000
Total Equity	426 000	386 000	488 000	503 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	18 000	4 000	3 000	3 000
Unpaid Taxes	−7 000	54 000	67 000	87 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	11 000	58 000	70 000	90 000
Total Equity and Debt	437 000	444 000	558 000	593 000

Financial indicators	2005	2004	2003	2002
Return on Equity	30,05 %	45,34 %	47,54 %	64,61 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	50,79 %	62,5 %	69,25 %	78,88 %
Current Ratio	35,82	7,09	7,4	6,02
Quick Ratio	35,82	7,09	7,4	6,02
Equity Ratio	0,97	0,87	0,87	0,85
Gross Profit Margin	96,43 %	96,79 %	97,91 %	95,87 %