ODD GUNNAR SANDEN

3853 VRÅDAL

Finances

Share Ownership

Return on Equity

−325,95 %

Current Ratio

1,77

Debt-to-Equity Ratio

−4,09

Key figures (NOK)	2005	2004	2003	2002
Revenue	7 574 000	7 495 000	6 898 000	6 684 000
Net Income	427 000	542 000	526 000	497 000
Total Assets	611 000	512 000	394 000	333 000
Total Equity	−131 000	−18 000	38 000	35 000

Income (NOK)	2005	2004	2003	2002
Revenue	7 574 000	7 495 000	6 898 000	6 684 000
Expenditure	7 121 000	6 938 000	6 355 000	6 168 000
Operating Profit	453 000	558 000	543 000	516 000
Financial Income	0	0	0	1 000
Financial Costs	25 000	16 000	17 000	20 000
Financial Balance	−25 000	−16 000	−17 000	−19 000
Earnings Before Tax	427 000	542 000	526 000	497 000
Tax	0	0	0	0
Net Income	427 000	542 000	526 000	497 000

Balance (NOK)	2005	2004	2003	2002
Total Fixed Assets	247 000	40 000	2 000	2 000
Total Current Assets	364 000	472 000	392 000	331 000
Total Assets	611 000	512 000	394 000	333 000
Total Retained Equity	−131 000	−18 000	38 000	35 000
Total Equity	−131 000	−18 000	38 000	35 000
Total Long-Term Debt	536 000	97 000	76 000	0
Total Current Debt	206 000	433 000	280 000	298 000
Total Equity and Debt	611 000	512 000	394 000	333 000

Cash flow (NOK)	2005	2004	2003	2002
Sales Income	7 552 000	7 478 000	6 881 000	6 668 000
Other Income	23 000	17 000	17 000	16 000
Revenue	7 574 000	7 495 000	6 898 000	6 684 000
Cost of Goods Sold	6 417 000	6 268 000	5 750 000	5 631 000
Salary Costs	249 000	248 000	223 000	188 000
Depreciation	62 000	10 000	0	0
Impairment	0	0	0	0
Expenditure	7 121 000	6 938 000	6 355 000	6 168 000
Operating Profit	453 000	558 000	543 000	516 000
Financial Income	0	0	0	1 000
Financial Costs	25 000	16 000	17 000	20 000
Financial Balance	−25 000	−16 000	−17 000	−19 000
Dividends	0	0	0	0
Net Income	427 000	542 000	526 000	497 000

Balance details (NOK)	2005	2004	2003	2002
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	38 000	0	0
Fixtures	247 000	0	0	0
Total Tangible Assets	247 000	38 000	0	0
Total Fiancial Fixed Assets	0	2 000	2 000	2 000
Total Fixed Assets	247 000	40 000	2 000	2 000
Stock	271 000	395 000	299 000	243 000
Total Investments	2 000	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	364 000	472 000	392 000	331 000
Total Assets	611 000	512 000	394 000	333 000
Total Equity	−131 000	−18 000	38 000	35 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	536 000	97 000	76 000	0
Creditors	132 000	175 000	149 000	158 000
Unpaid Taxes	32 000	22 000	27 000	18 000
Dividends	0	0	0	0
Other Current Debt	42 000	40 000	32 000	36 000
Total Current Debt	206 000	433 000	280 000	298 000
Total Equity and Debt	611 000	512 000	394 000	333 000

Financial indicators	2005	2004	2003	2002
Return on Equity	−325,95 %	−3 011,11 %	1 384,21 %	1 420 %
Debt-to-Equity Ratio	−4,09	−5,39	2	0
Operating Profit Margin	5,98 %	7,44 %	7,87 %	7,72 %
Current Ratio	1,77	1,09	1,4	1,11
Quick Ratio	−5,6	12,42	−20,63	6,02
Equity Ratio	−0,21	−0,04	0,1	0,11
Gross Profit Margin	15,28 %	16,37 %	16,64 %	15,75 %