THOR ANDERSEN

3229 SANDEFJORD

Finances

Share Ownership

Return on Equity

−126,67 %

Current Ratio

0,45

Debt-to-Equity Ratio

−0,83

Key figures (NOK)	2002	2001	2000
Revenue	969 000	990 000	1 005 000
Net Income	266 000	253 000	248 000
Total Assets	127 000	154 000	185 000
Total Equity	−210 000	−150 000	−258 000

Income (NOK)	2002	2001	2000
Revenue	969 000	990 000	1 005 000
Expenditure	691 000	706 000	734 000
Operating Profit	278 000	284 000	271 000
Financial Income	0	4 000	0
Financial Costs	12 000	35 000	23 000
Financial Balance	−12 000	−31 000	−23 000
Earnings Before Tax	266 000	253 000	248 000
Tax	0	0	0
Net Income	266 000	253 000	248 000

Balance (NOK)	2002	2001	2000
Total Fixed Assets	54 000	82 000	97 000
Total Current Assets	73 000	72 000	88 000
Total Assets	127 000	154 000	185 000
Total Retained Equity	−210 000	−150 000	0
Total Equity	−210 000	−150 000	−258 000
Total Long-Term Debt	174 000	88 000	107 000
Total Current Debt	164 000	216 000	335 000
Total Equity and Debt	128 000	154 000	184 000

Cash flow (NOK)	2002	2001	2000
Sales Income	920 000	940 000	995 000
Other Income	49 000	50 000	10 000
Revenue	969 000	990 000	1 005 000
Cost of Goods Sold	42 000	23 000	31 000
Salary Costs	245 000	307 000	381 000
Depreciation	16 000	14 000	17 000
Impairment	0	0	0
Expenditure	691 000	706 000	734 000
Operating Profit	278 000	284 000	271 000
Financial Income	0	4 000	0
Financial Costs	12 000	35 000	23 000
Financial Balance	−12 000	−31 000	−23 000
Dividends	327 000	146 000	0
Net Income	266 000	253 000	248 000

Balance details (NOK)	2002	2001	2000
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	54 000	82 000	97 000
Fixtures	0	0	0
Total Tangible Assets	54 000	82 000	97 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	54 000	82 000	97 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	73 000	72 000	88 000
Total Assets	127 000	154 000	185 000
Total Equity	−210 000	−150 000	−258 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	174 000	88 000	107 000
Creditors	117 000	47 000	34 000
Unpaid Taxes	16 000	24 000	17 000
Dividends	327 000	146 000	0
Other Current Debt	2 000	112 000	239 000
Total Current Debt	164 000	216 000	335 000
Total Equity and Debt	128 000	154 000	184 000

Financial indicators	2002	2001	2000
Return on Equity	−126,67 %	−168,67 %	−96,12 %
Debt-to-Equity Ratio	−0,83	−0,59	−0,41
Operating Profit Margin	28,69 %	28,69 %	26,97 %
Current Ratio	0,45	0,33	0,26
Quick Ratio	0,45	0,33	0,26
Equity Ratio	−1,65	−0,97	−1,39
Gross Profit Margin	95,67 %	97,68 %	96,92 %