WOOD GROUP ENGINEERING (NORTH SEA) LIMITED

Share Ownership

Return on Equity

32,49 %

Current Ratio

1,32

Debt-to-Equity Ratio

Key figures (NOK)	2009	2008	2006	2005
Revenue	701 321 000	747 505 000	289 113 000	68 105 000
Net Income	3 412 000	3 843 000	549 000	209 000
Total Assets	43 694 000	134 402 000	67 310 000	28 047 000
Total Equity	10 502 000	7 090 000	749 000	0

Income (NOK)	2009	2008	2006	2005
Revenue	701 321 000	747 505 000	289 113 000	68 105 000
Expenditure	696 549 000	742 167 000	288 350 000	67 815 000
Operating Profit	4 772 000	5 338 000	763 000	290 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	4 772 000	5 338 000	763 000	290 000
Tax	1 360 000	1 495 000	214 000	81 000
Net Income	3 412 000	3 843 000	549 000	209 000

Balance (NOK)	2009	2008	2006	2005
Total Fixed Assets	0	0	0	500 000
Total Current Assets	43 694 000	134 402 000	67 310 000	27 547 000
Total Assets	43 694 000	134 402 000	67 310 000	28 047 000
Total Retained Equity	10 502 000	7 090 000	749 000	0
Total Equity	10 502 000	7 090 000	749 000	0
Total Long-Term Debt	0	0	0	0
Total Current Debt	33 192 000	127 312 000	66 561 000	27 547 000
Total Equity and Debt	43 694 000	134 402 000	67 310 000	27 547 000

Cash flow (NOK)	2009	2008	2006	2005
Sales Income	701 321 000	747 505 000	289 113 000	68 105 000
Other Income	0	0	0	0
Revenue	701 321 000	747 505 000	289 113 000	68 105 000
Cost of Goods Sold	681 912 000	723 453 000	283 949 000	67 251 000
Salary Costs	11 751 000	0	3 095 000	429 000
Depreciation	0	13 562 000	0	0
Impairment	0	0	0	0
Expenditure	696 549 000	742 167 000	288 350 000	67 815 000
Operating Profit	4 772 000	5 338 000	763 000	290 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	3 412 000	3 843 000	549 000	209 000

Balance details (NOK)	2009	2008	2006	2005
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	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	500 000
Total Fixed Assets	0	0	0	500 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	−394 000	11 196 000	0	0
Total Current Assets	43 694 000	134 402 000	67 310 000	27 547 000
Total Assets	43 694 000	134 402 000	67 310 000	28 047 000
Total Equity	10 502 000	7 090 000	749 000	0
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	31 832 000	75 171 000	56 250 000	15 465 000
Unpaid Taxes	0	0	304 000	0
Dividends	0	0	0	0
Other Current Debt	0	50 646 000	10 007 000	12 082 000
Total Current Debt	33 192 000	127 312 000	66 561 000	27 547 000
Total Equity and Debt	43 694 000	134 402 000	67 310 000	27 547 000

Financial indicators	2009	2008	2006	2005
Return on Equity	32,49 %	54,2 %	73,3 %	-
Debt-to-Equity Ratio	0	0	0	-
Operating Profit Margin	0,68 %	0,71 %	0,26 %	0,43 %
Current Ratio	1,32	1,06	1,01	1
Quick Ratio	1,32	1,06	1,01	1
Equity Ratio	0,24	0,05	0,01	0
Gross Profit Margin	2,77 %	3,22 %	1,79 %	1,25 %