THOR EINEN EIGEDOM

6967 HELLEVIK I FJALER

Finances

Share Ownership

Return on Equity

10,49 %

Current Ratio

0,24

Debt-to-Equity Ratio

0,54

Key figures (NOK)	2004	2003	2002
Revenue	131 000	144 000	2 681 000
Net Income	43 000	−25 000	401 000
Total Assets	709 000	793 000	863 000
Total Equity	410 000	516 000	−530 000

Income (NOK)	2004	2003	2002
Revenue	131 000	144 000	2 681 000
Expenditure	88 000	98 000	2 191 000
Operating Profit	43 000	46 000	490 000
Financial Income	0	2 000	1 000
Financial Costs	0	73 000	90 000
Financial Balance	0	−71 000	−89 000
Earnings Before Tax	43 000	−25 000	401 000
Tax	0	0	0
Net Income	43 000	−25 000	401 000

Balance (NOK)	2004	2003	2002
Total Fixed Assets	689 000	747 000	818 000
Total Current Assets	19 000	46 000	45 000
Total Assets	709 000	793 000	863 000
Total Retained Equity	410 000	516 000	−530 000
Total Equity	410 000	516 000	−530 000
Total Long-Term Debt	221 000	221 000	1 369 000
Total Current Debt	78 000	56 000	25 000
Total Equity and Debt	709 000	793 000	864 000

Cash flow (NOK)	2004	2003	2002
Sales Income	0	0	2 410 000
Other Income	131 000	144 000	271 000
Revenue	131 000	144 000	2 681 000
Cost of Goods Sold	0	0	1 927 000
Salary Costs	0	0	71 000
Depreciation	58 000	58 000	58 000
Impairment	0	0	0
Expenditure	88 000	98 000	2 191 000
Operating Profit	43 000	46 000	490 000
Financial Income	0	2 000	1 000
Financial Costs	0	73 000	90 000
Financial Balance	0	−71 000	−89 000
Dividends	0	0	0
Net Income	43 000	−25 000	401 000

Balance details (NOK)	2004	2003	2002
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	689 000	747 000	805 000
Machinery and Plant Facilities	0	0	12 000
Fixtures	0	0	0
Total Tangible Assets	689 000	747 000	817 000
Total Fiancial Fixed Assets	0	0	1 000
Total Fixed Assets	689 000	747 000	818 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	19 000	46 000	45 000
Total Assets	709 000	793 000	863 000
Total Equity	410 000	516 000	−530 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	221 000	221 000	1 369 000
Creditors	0	1 000	0
Unpaid Taxes	4 000	7 000	3 000
Dividends	0	0	0
Other Current Debt	73 000	48 000	22 000
Total Current Debt	78 000	56 000	25 000
Total Equity and Debt	709 000	793 000	864 000

Financial indicators	2004	2003	2002
Return on Equity	10,49 %	−4,84 %	−75,66 %
Debt-to-Equity Ratio	0,54	0,43	−2,58
Operating Profit Margin	32,82 %	31,94 %	18,28 %
Current Ratio	0,24	0,82	1,8
Quick Ratio	0,24	0,82	1,8
Equity Ratio	0,58	0,65	−0,61
Gross Profit Margin	100 %	100 %	28,12 %