FORENINGEN FOR NORGES HANDELSHØGSKOLE I BERGEN

5037 BERGEN

Finances

Share Ownership

Return on Equity

19,22 %

Current Ratio

N/A

Debt-to-Equity Ratio

Key figures (NOK)	2012	2008	2006	2005
Revenue	559 000	−325 000	545 000	110 000
Net Income	712 000	−1 391 000	1 052 000	−291 000
Total Assets	3 704 000	3 553 000	6 030 000	4 230 000
Total Equity	3 704 000	3 259 000	4 708 000	3 872 000

Income (NOK)	2012	2008	2006	2005
Revenue	559 000	−325 000	545 000	110 000
Expenditure	347 000	156 000	226 000	190 000
Operating Profit	212 000	−481 000	319 000	−80 000
Financial Income	0	0	0	0
Financial Costs	0	909 000	0	211 000
Financial Balance	0	−909 000	0	−211 000
Earnings Before Tax	212 000	−1 391 000	319 000	−291 000
Tax	0	0	0	0
Net Income	712 000	−1 391 000	1 052 000	−291 000

Balance (NOK)	2012	2008	2006	2005
Total Fixed Assets	1 051 000	1 502 000	2 002 000	3 649 000
Total Current Assets	2 654 000	2 051 000	4 028 000	582 000
Total Assets	3 704 000	3 553 000	6 030 000	4 230 000
Total Retained Equity	1 204 000	0	1 102 000	321 000
Total Equity	3 704 000	3 259 000	4 708 000	3 872 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	0	294 000	1 322 000	358 000
Total Equity and Debt	3 704 000	3 553 000	6 030 000	4 230 000

Cash flow (NOK)	2012	2008	2006	2005
Sales Income	0	0	0	0
Other Income	559 000	−325 000	545 000	110 000
Revenue	559 000	−325 000	545 000	110 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	347 000	156 000	226 000	190 000
Operating Profit	212 000	−481 000	319 000	−80 000
Financial Income	0	0	0	0
Financial Costs	0	909 000	0	211 000
Financial Balance	0	−909 000	0	−211 000
Dividends	0	0	0	0
Net Income	712 000	−1 391 000	1 052 000	−291 000

Balance details (NOK)	2012	2008	2006	2005
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	500 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	500 000	0	0	0
Total Fiancial Fixed Assets	551 000	1 502 000	2 002 000	3 649 000
Total Fixed Assets	1 051 000	1 502 000	2 002 000	3 649 000
Stock	0	0	0	0
Total Investments	2 407 000	1 288 000	1 771 000	0
Cash, Bank	238 000	644 000	0	0
Total Current Assets	2 654 000	2 051 000	4 028 000	582 000
Total Assets	3 704 000	3 553 000	6 030 000	4 230 000
Total Equity	3 704 000	3 259 000	4 708 000	3 872 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	294 000	1 322 000	358 000
Total Current Debt	0	294 000	1 322 000	358 000
Total Equity and Debt	3 704 000	3 553 000	6 030 000	4 230 000

Financial indicators	2012	2008	2006	2005
Return on Equity	19,22 %	−42,68 %	22,34 %	−7,52 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	37,92 %	148 %	58,53 %	−72,73 %
Current Ratio	-	6,98	3,05	1,63
Quick Ratio	-	6,98	3,05	1,63
Equity Ratio	1	0,92	0,78	0,92
Gross Profit Margin	100 %	100 %	100 %	100 %