HG CONSULTING V/HANNE GRØNBERG

4842 ARENDAL

Finances

Share Ownership

Return on Equity

697,37 %

Current Ratio

1,45

Debt-to-Equity Ratio

Key figures (NOK)	2004	2003	2002	2001
Revenue	845 000	681 000	651 000	520 000
Net Income	530 000	0	463 000	403 000
Total Assets	245 000	169 000	361 000	247 000
Total Equity	76 000	41 000	221 000	189 000

Income (NOK)	2004	2003	2002	2001
Revenue	845 000	681 000	651 000	520 000
Expenditure	314 000	292 000	188 000	121 000
Operating Profit	530 000	389 000	463 000	399 000
Financial Income	0	3 000	0	4 000
Financial Costs	0	0	0	0
Financial Balance	0	3 000	0	4 000
Earnings Before Tax	530 000	392 000	463 000	403 000
Tax	0	0	0	0
Net Income	530 000	0	463 000	403 000

Balance (NOK)	2004	2003	2002	2001
Total Fixed Assets	0	0	0	13 000
Total Current Assets	245 000	169 000	361 000	234 000
Total Assets	245 000	169 000	361 000	247 000
Total Retained Equity	0	41 000	221 000	189 000
Total Equity	76 000	41 000	221 000	189 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	169 000	128 000	139 000	57 000
Total Equity and Debt	245 000	169 000	360 000	246 000

Cash flow (NOK)	2004	2003	2002	2001
Sales Income	845 000	681 000	651 000	520 000
Other Income	0	0	0	0
Revenue	845 000	681 000	651 000	520 000
Cost of Goods Sold	0	0	0	0
Salary Costs	67 000	15 000	47 000	9 000
Depreciation	0	0	13 000	4 000
Impairment	0	0	0	0
Expenditure	314 000	292 000	188 000	121 000
Operating Profit	530 000	389 000	463 000	399 000
Financial Income	0	3 000	0	4 000
Financial Costs	0	0	0	0
Financial Balance	0	3 000	0	4 000
Dividends	0	0	0	0
Net Income	530 000	0	463 000	403 000

Balance details (NOK)	2004	2003	2002	2001
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	13 000
Total Tangible Assets	0	0	0	13 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	13 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	245 000	169 000	361 000	234 000
Total Assets	245 000	169 000	361 000	247 000
Total Equity	76 000	41 000	221 000	189 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	8 000	20 000	−1 000	6 000
Unpaid Taxes	157 000	108 000	135 000	50 000
Dividends	0	0	0	0
Other Current Debt	5 000	0	5 000	1 000
Total Current Debt	169 000	128 000	139 000	57 000
Total Equity and Debt	245 000	169 000	360 000	246 000

Financial indicators	2004	2003	2002	2001
Return on Equity	697,37 %	0 %	209,5 %	213,23 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	62,72 %	57,12 %	71,12 %	76,73 %
Current Ratio	1,45	1,32	2,6	4,11
Quick Ratio	1,45	1,32	2,6	4,11
Equity Ratio	0,31	0,24	0,61	0,77
Gross Profit Margin	100 %	100 %	100 %	100 %