TIN MILOVANOVIC SKOGSERVICE

2636 ØYER

Finances

Share Ownership

Return on Equity

−5 533,33 %

Current Ratio

0,94

Debt-to-Equity Ratio

−56,6

Key figures (NOK)	2006	2005	2004	2003
Revenue	8 364 000	6 461 000	4 954 000	4 461 000
Net Income	1 660 000	1 153 000	1 081 000	869 000
Total Assets	2 112 000	2 122 000	617 000	632 000
Total Equity	−30 000	487 000	305 000	405 000

Income (NOK)	2006	2005	2004	2003
Revenue	8 364 000	6 461 000	4 954 000	4 461 000
Expenditure	6 650 000	5 297 000	3 873 000	3 588 000
Operating Profit	1 714 000	1 165 000	1 081 000	871 000
Financial Income	4 000	0	0	1 000
Financial Costs	58 000	12 000	1 000	4 000
Financial Balance	−54 000	−12 000	−1 000	−3 000
Earnings Before Tax	1 660 000	1 153 000	1 081 000	869 000
Tax	0	0	0	0
Net Income	1 660 000	1 153 000	1 081 000	869 000

Balance (NOK)	2006	2005	2004	2003
Total Fixed Assets	1 695 000	1 734 000	199 000	248 000
Total Current Assets	417 000	388 000	419 000	383 000
Total Assets	2 112 000	2 122 000	617 000	632 000
Total Retained Equity	−30 000	487 000	305 000	0
Total Equity	−30 000	487 000	305 000	405 000
Total Long-Term Debt	1 698 000	1 233 000	0	0
Total Current Debt	443 000	401 000	313 000	227 000
Total Equity and Debt	2 112 000	2 122 000	617 000	632 000

Cash flow (NOK)	2006	2005	2004	2003
Sales Income	7 730 000	5 848 000	4 425 000	4 033 000
Other Income	634 000	614 000	530 000	428 000
Revenue	8 364 000	6 461 000	4 954 000	4 461 000
Cost of Goods Sold	2 810 000	2 578 000	2 530 000	2 533 000
Salary Costs	2 673 000	1 878 000	794 000	512 000
Depreciation	39 000	49 000	50 000	62 000
Impairment	0	0	0	0
Expenditure	6 650 000	5 297 000	3 873 000	3 588 000
Operating Profit	1 714 000	1 165 000	1 081 000	871 000
Financial Income	4 000	0	0	1 000
Financial Costs	58 000	12 000	1 000	4 000
Financial Balance	−54 000	−12 000	−1 000	−3 000
Dividends	0	0	0	0
Net Income	1 660 000	1 153 000	1 081 000	869 000

Balance details (NOK)	2006	2005	2004	2003
Goodwill	39 000	49 000	61 000	77 000
Total Intangible Assets	39 000	49 000	61 000	77 000
Real Eastate	1 539 000	1 539 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	117 000	146 000	137 000	172 000
Total Tangible Assets	1 656 000	1 685 000	137 000	172 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 695 000	1 734 000	199 000	248 000
Stock	141 000	183 000	153 000	176 000
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	417 000	388 000	419 000	383 000
Total Assets	2 112 000	2 122 000	617 000	632 000
Total Equity	−30 000	487 000	305 000	405 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 698 000	1 233 000	0	0
Creditors	138 000	186 000	139 000	128 000
Unpaid Taxes	148 000	118 000	65 000	57 000
Dividends	0	0	0	0
Other Current Debt	157 000	97 000	109 000	42 000
Total Current Debt	443 000	401 000	313 000	227 000
Total Equity and Debt	2 112 000	2 122 000	617 000	632 000

Financial indicators	2006	2005	2004	2003
Return on Equity	−5 533,33 %	236,76 %	354,43 %	214,57 %
Debt-to-Equity Ratio	−56,6	2,53	0	0
Operating Profit Margin	20,49 %	18,03 %	21,82 %	19,52 %
Current Ratio	0,94	0,97	1,34	1,69
Quick Ratio	1,38	1,78	2,62	7,51
Equity Ratio	−0,01	0,23	0,49	0,64
Gross Profit Margin	66,4 %	60,1 %	48,93 %	43,22 %