HAGESÆTER & WOLLMANN BYGGMESTER FORRETNING ANS

5119 ULSET

Finances

Share Ownership

Return on Equity

79,55 %

Current Ratio

3,12

Debt-to-Equity Ratio

Key figures (NOK)	2008	2007	2006
Revenue	1 747 000	1 269 000	−795 000
Net Income	249 000	−121 000	−82 000
Total Assets	453 000	49 000	36 000
Total Equity	313 000	−33 000	−6 000

Income (NOK)	2008	2007	2006
Revenue	1 747 000	1 269 000	−795 000
Expenditure	1 403 000	1 389 000	712 000
Operating Profit	345 000	−120 000	−83 000
Financial Income	3 000	1 000	−1 000
Financial Costs	2 000	2 000	1 000
Financial Balance	1 000	−1 000	−2 000
Earnings Before Tax	345 000	−121 000	−82 000
Tax	97 000	0	0
Net Income	249 000	−121 000	−82 000

Balance (NOK)	2008	2007	2006
Total Fixed Assets	14 000	13 000	11 000
Total Current Assets	440 000	36 000	149 000
Total Assets	453 000	49 000	36 000
Total Retained Equity	216 000	−33 000	0
Total Equity	313 000	−33 000	−6 000
Total Long-Term Debt	0	0	0
Total Current Debt	141 000	82 000	73 000
Total Equity and Debt	453 000	49 000	124 000

Cash flow (NOK)	2008	2007	2006
Sales Income	1 747 000	1 269 000	−795 000
Other Income	0	0	0
Revenue	1 747 000	1 269 000	−795 000
Cost of Goods Sold	459 000	613 000	189 000
Salary Costs	789 000	608 000	393 000
Depreciation	0	5 000	5 000
Impairment	6 000	0	0
Expenditure	1 403 000	1 389 000	712 000
Operating Profit	345 000	−120 000	−83 000
Financial Income	3 000	1 000	−1 000
Financial Costs	2 000	2 000	1 000
Financial Balance	1 000	−1 000	−2 000
Dividends	0	0	0
Net Income	249 000	−121 000	−82 000

Balance details (NOK)	2008	2007	2006
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	14 000	13 000	11 000
Total Tangible Assets	14 000	13 000	11 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	14 000	13 000	11 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	279 000	0	0
Total Current Assets	440 000	36 000	149 000
Total Assets	453 000	49 000	36 000
Total Equity	313 000	−33 000	−6 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	54 000	28 000	32 000
Unpaid Taxes	87 000	40 000	41 000
Dividends	0	0	0
Other Current Debt	0	0	0
Total Current Debt	141 000	82 000	73 000
Total Equity and Debt	453 000	49 000	124 000

Financial indicators	2008	2007	2006
Return on Equity	79,55 %	366,67 %	1 366,67 %
Debt-to-Equity Ratio	0	−0	−0
Operating Profit Margin	19,75 %	−9,46 %	10,44 %
Current Ratio	3,12	0,44	2,04
Quick Ratio	3,12	0,44	2,04
Equity Ratio	0,69	−0,67	−0,17
Gross Profit Margin	73,73 %	51,69 %	123,77 %