KVINESDAL IDRETTSLAG

4480 KVINESDAL

Finances

Share Ownership

Return on Equity

57,46 %

Current Ratio

1,18

Debt-to-Equity Ratio

10,04

Key figures (NOK)	2005	2004	2003	2002
Revenue	1 951 000	115 000	163 000	294 000
Net Income	77 000	−15 000	157 000	−71 000
Total Assets	2 202 000	1 789 000	1 637 000	6 746 000
Total Equity	134 000	56 000	40 000	4 985 000

Income (NOK)	2005	2004	2003	2002
Revenue	1 951 000	115 000	163 000	294 000
Expenditure	1 833 000	133 000	201 000	370 000
Operating Profit	118 000	−17 000	−37 000	−76 000
Financial Income	17 000	−2 000	9 000	20 000
Financial Costs	58 000	−5 000	5 000	10 000
Financial Balance	−41 000	3 000	4 000	10 000
Earnings Before Tax	77 000	−15 000	−33 000	−66 000
Tax	0	0	0	0
Net Income	77 000	−15 000	157 000	−71 000

Balance (NOK)	2005	2004	2003	2002
Total Fixed Assets	1 345 000	1 421 000	1 494 000	6 349 000
Total Current Assets	856 000	368 000	144 000	397 000
Total Assets	2 202 000	1 789 000	1 637 000	6 746 000
Total Retained Equity	134 000	56 000	40 000	197 000
Total Equity	134 000	56 000	40 000	4 985 000
Total Long-Term Debt	1 345 000	1 421 000	1 494 000	1 561 000
Total Current Debt	723 000	311 000	104 000	200 000
Total Equity and Debt	2 202 000	1 789 000	1 637 000	6 746 000

Cash flow (NOK)	2005	2004	2003	2002
Sales Income	767 000	0	145 000	0
Other Income	1 185 000	0	18 000	294 000
Revenue	1 951 000	115 000	163 000	294 000
Cost of Goods Sold	22 000	4 000	7 000	0
Salary Costs	373 000	0	50 000	41 000
Depreciation	76 000	0	67 000	28 000
Impairment	0	0	0	0
Expenditure	1 833 000	133 000	201 000	370 000
Operating Profit	118 000	−17 000	−37 000	−76 000
Financial Income	17 000	−2 000	9 000	20 000
Financial Costs	58 000	−5 000	5 000	10 000
Financial Balance	−41 000	3 000	4 000	10 000
Dividends	0	0	0	0
Net Income	77 000	−15 000	157 000	−71 000

Balance details (NOK)	2005	2004	2003	2002
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 345 000	1 421 000	1 494 000	6 237 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	112 000
Total Tangible Assets	1 345 000	1 421 000	1 494 000	6 349 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 345 000	1 421 000	1 494 000	6 349 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	856 000	368 000	144 000	397 000
Total Assets	2 202 000	1 789 000	1 637 000	6 746 000
Total Equity	134 000	56 000	40 000	4 985 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 345 000	1 421 000	1 494 000	1 561 000
Creditors	43 000	46 000	29 000	113 000
Unpaid Taxes	17 000	18 000	23 000	22 000
Dividends	0	0	0	0
Other Current Debt	662 000	247 000	52 000	0
Total Current Debt	723 000	311 000	104 000	200 000
Total Equity and Debt	2 202 000	1 789 000	1 637 000	6 746 000

Financial indicators	2005	2004	2003	2002
Return on Equity	57,46 %	−26,79 %	392,5 %	−1,42 %
Debt-to-Equity Ratio	10,04	25,38	37,35	0,31
Operating Profit Margin	6,05 %	−14,78 %	−22,7 %	−25,85 %
Current Ratio	1,18	1,18	1,38	1,99
Quick Ratio	1,18	1,18	1,38	1,99
Equity Ratio	0,06	0,03	0,02	0,74
Gross Profit Margin	98,87 %	96,52 %	95,71 %	100 %