ULVILLA BYGDELAG

7660 VUKU

Finances

Share Ownership

Return on Equity

−43,59 %

Current Ratio

3,17

Debt-to-Equity Ratio

Key figures (NOK)	2004	2003	2002
Revenue	337 000	566 000	531 000
Net Income	−34 000	−78 000	−46 000
Total Assets	114 000	161 000	222 000
Total Equity	78 000	112 000	190 000

Income (NOK)	2004	2003	2002
Revenue	337 000	566 000	531 000
Expenditure	370 000	645 000	585 000
Operating Profit	−33 000	−79 000	−54 000
Financial Income	1 000	2 000	9 000
Financial Costs	2 000	2 000	1 000
Financial Balance	−1 000	0	8 000
Earnings Before Tax	−34 000	−78 000	−46 000
Tax	0	0	0
Net Income	−34 000	−78 000	−46 000

Balance (NOK)	2004	2003	2002
Total Fixed Assets	0	0	0
Total Current Assets	114 000	161 000	222 000
Total Assets	114 000	161 000	222 000
Total Retained Equity	78 000	−78 000	190 000
Total Equity	78 000	112 000	190 000
Total Long-Term Debt	0	0	0
Total Current Debt	36 000	50 000	32 000
Total Equity and Debt	114 000	161 000	222 000

Cash flow (NOK)	2004	2003	2002
Sales Income	0	444 000	38 000
Other Income	337 000	122 000	424 000
Revenue	337 000	566 000	531 000
Cost of Goods Sold	0	12 000	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	370 000	645 000	585 000
Operating Profit	−33 000	−79 000	−54 000
Financial Income	1 000	2 000	9 000
Financial Costs	2 000	2 000	1 000
Financial Balance	−1 000	0	8 000
Dividends	0	0	0
Net Income	−34 000	−78 000	−46 000

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	4 000	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	114 000	161 000	222 000
Total Assets	114 000	161 000	222 000
Total Equity	78 000	112 000	190 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	31 000	23 000	23 000
Unpaid Taxes	1 000	1 000	0
Dividends	0	0	0
Other Current Debt	4 000	25 000	6 000
Total Current Debt	36 000	50 000	32 000
Total Equity and Debt	114 000	161 000	222 000

Financial indicators	2004	2003	2002
Return on Equity	−43,59 %	−69,64 %	−24,21 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	−9,79 %	−13,96 %	−10,17 %
Current Ratio	3,17	3,22	6,94
Quick Ratio	3,56	3,22	6,94
Equity Ratio	0,68	0,7	0,86
Gross Profit Margin	100 %	97,88 %	100 %