VÅG FOTBALLKLUBB

4620 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

69,61 %

Current Ratio

2,39

Debt-to-Equity Ratio

Key figures (NOK)	2004	2003	2002
Revenue	3 487 000	3 046 000	2 812 000
Net Income	213 000	144 000	−107 000
Total Assets	528 000	317 000	219 000
Total Equity	306 000	93 000	−51 000

Income (NOK)	2004	2003	2002
Revenue	3 487 000	3 046 000	2 812 000
Expenditure	3 274 000	2 899 000	2 925 000
Operating Profit	214 000	147 000	−113 000
Financial Income	0	2 000	8 000
Financial Costs	1 000	4 000	2 000
Financial Balance	−1 000	−2 000	6 000
Earnings Before Tax	213 000	144 000	−107 000
Tax	0	0	0
Net Income	213 000	144 000	−107 000

Balance (NOK)	2004	2003	2002
Total Fixed Assets	0	0	0
Total Current Assets	528 000	317 000	219 000
Total Assets	528 000	317 000	219 000
Total Retained Equity	306 000	0	−51 000
Total Equity	306 000	93 000	−51 000
Total Long-Term Debt	0	0	0
Total Current Debt	221 000	223 000	270 000
Total Equity and Debt	528 000	316 000	219 000

Cash flow (NOK)	2004	2003	2002
Sales Income	3 487 000	3 046 000	3 000
Other Income	0	0	2 809 000
Revenue	3 487 000	3 046 000	2 812 000
Cost of Goods Sold	0	0	93 000
Salary Costs	451 000	544 000	410 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	3 274 000	2 899 000	2 925 000
Operating Profit	214 000	147 000	−113 000
Financial Income	0	2 000	8 000
Financial Costs	1 000	4 000	2 000
Financial Balance	−1 000	−2 000	6 000
Dividends	0	0	0
Net Income	213 000	144 000	−107 000

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	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	528 000	317 000	219 000
Total Assets	528 000	317 000	219 000
Total Equity	306 000	93 000	−51 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	56 000	19 000	168 000
Unpaid Taxes	93 000	98 000	32 000
Dividends	0	0	0
Other Current Debt	73 000	107 000	70 000
Total Current Debt	221 000	223 000	270 000
Total Equity and Debt	528 000	316 000	219 000

Financial indicators	2004	2003	2002
Return on Equity	69,61 %	154,84 %	209,8 %
Debt-to-Equity Ratio	0	0	−0
Operating Profit Margin	6,14 %	4,83 %	−4,02 %
Current Ratio	2,39	1,42	0,81
Quick Ratio	2,39	1,42	0,81
Equity Ratio	0,58	0,29	−0,23
Gross Profit Margin	100 %	100 %	96,69 %