E PIHL & SØN AS

0369 OSLO

Finances

Share Ownership

Return on Equity

7,64 %

Current Ratio

0,09

Debt-to-Equity Ratio

−0

Key figures (NOK)	2009	2008	2007	2006
Revenue	197 177 000	327 515 000	290 319 000	229 170 000
Net Income	−20 932 000	−165 938 000	−61 734 000	28 103 000
Total Assets	26 721 000	74 192 000	98 028 000	259 257 000
Total Equity	−274 153 000	−252 221 000	−86 283 000	119 246 000

Income (NOK)	2009	2008	2007	2006
Revenue	197 177 000	327 515 000	290 319 000	229 170 000
Expenditure	223 117 000	493 097 000	344 730 000	188 537 000
Operating Profit	−25 940 000	−165 582 000	−54 411 000	40 633 000
Financial Income	232 000	1 335 000	2 668 000	609 000
Financial Costs	1 706 000	1 691 000	5 968 000	816 000
Financial Balance	−1 474 000	−356 000	−3 300 000	−207 000
Earnings Before Tax	−27 414 000	−165 938 000	−57 711 000	40 426 000
Tax	−6 482 000	0	4 023 000	12 323 000
Net Income	−20 932 000	−165 938 000	−61 734 000	28 103 000

Balance (NOK)	2009	2008	2007	2006
Total Fixed Assets	844 000	5 207 000	5 914 000	8 543 000
Total Current Assets	25 877 000	68 985 000	92 114 000	250 714 000
Total Assets	26 721 000	74 192 000	98 028 000	259 257 000
Total Retained Equity	−274 153 000	−252 221 000	−86 283 000	119 246 000
Total Equity	−274 153 000	−252 221 000	−86 283 000	119 246 000
Total Long-Term Debt	0	0	0	1 331 000
Total Current Debt	300 873 000	326 413 000	184 311 000	138 680 000
Total Equity and Debt	26 720 000	74 192 000	98 028 000	259 257 000

Cash flow (NOK)	2009	2008	2007	2006
Sales Income	197 177 000	327 465 000	285 240 000	228 284 000
Other Income	0	50 000	5 079 000	886 000
Revenue	197 177 000	327 515 000	290 319 000	229 170 000
Cost of Goods Sold	130 845 000	253 282 000	224 030 000	107 861 000
Salary Costs	35 782 000	106 194 000	64 896 000	56 600 000
Depreciation	0	1 514 000	2 331 000	2 183 000
Impairment	1 311 000	0	0	0
Expenditure	223 117 000	493 097 000	344 730 000	188 537 000
Operating Profit	−25 940 000	−165 582 000	−54 411 000	40 633 000
Financial Income	232 000	1 335 000	2 668 000	609 000
Financial Costs	1 706 000	1 691 000	5 968 000	816 000
Financial Balance	−1 474 000	−356 000	−3 300 000	−207 000
Dividends	0	0	0	0
Net Income	−20 932 000	−165 938 000	−61 734 000	28 103 000

Balance details (NOK)	2009	2008	2007	2006
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	1 198 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	844 000	5 207 000	5 914 000	7 345 000
Total Tangible Assets	844 000	5 207 000	5 914 000	7 345 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	844 000	5 207 000	5 914 000	8 543 000
Stock	0	2 536 000	229 000	0
Total Investments	0	0	0	0
Cash, Bank	3 866 000	18 875 000	20 094 000	0
Total Current Assets	25 877 000	68 985 000	92 114 000	250 714 000
Total Assets	26 721 000	74 192 000	98 028 000	259 257 000
Total Equity	−274 153 000	−252 221 000	−86 283 000	119 246 000
Short-Term Group Debt	280 611 000	0	0	19 104 000
Total Long-Term Debt	0	0	0	1 331 000
Creditors	9 692 000	64 350 000	48 652 000	56 849 000
Unpaid Taxes	145 000	428 000	4 432 000	3 111 000
Dividends	0	0	0	0
Other Current Debt	10 425 000	258 810 000	128 402 000	46 095 000
Total Current Debt	300 873 000	326 413 000	184 311 000	138 680 000
Total Equity and Debt	26 720 000	74 192 000	98 028 000	259 257 000

Financial indicators	2009	2008	2007	2006
Return on Equity	7,64 %	65,79 %	71,55 %	23,57 %
Debt-to-Equity Ratio	−0	−0	−0	0,01
Operating Profit Margin	−13,16 %	−50,56 %	−18,74 %	17,73 %
Current Ratio	0,09	0,21	0,5	1,81
Quick Ratio	0,09	0,21	0,5	1,81
Equity Ratio	−10,26	−3,4	−0,88	0,46
Gross Profit Margin	33,64 %	22,67 %	22,83 %	52,93 %