TERTNES HÅNDBALL

5113 TERTNES

Finances

Share Ownership

Return on Equity

10,87 %

Current Ratio

3,66

Debt-to-Equity Ratio

Key figures (NOK)	2004	2003	2002
Revenue	366 000	418 000	315 000
Net Income	40 000	61 000	100 000
Total Assets	505 000	448 000	334 000
Total Equity	368 000	328 000	267 000

Income (NOK)	2004	2003	2002
Revenue	366 000	418 000	315 000
Expenditure	329 000	365 000	194 000
Operating Profit	37 000	53 000	121 000
Financial Income	3 000	8 000	8 000
Financial Costs	0	0	29 000
Financial Balance	3 000	8 000	−21 000
Earnings Before Tax	40 000	61 000	100 000
Tax	0	0	0
Net Income	40 000	61 000	100 000

Balance (NOK)	2004	2003	2002
Total Fixed Assets	0	0	0
Total Current Assets	505 000	448 000	334 000
Total Assets	505 000	448 000	334 000
Total Retained Equity	368 000	328 000	267 000
Total Equity	368 000	328 000	267 000
Total Long-Term Debt	0	0	0
Total Current Debt	138 000	120 000	66 000
Total Equity and Debt	505 000	448 000	333 000

Cash flow (NOK)	2004	2003	2002
Sales Income	366 000	297 000	0
Other Income	0	122 000	315 000
Revenue	366 000	418 000	315 000
Cost of Goods Sold	39 000	330 000	0
Salary Costs	5 000	1 000	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	329 000	365 000	194 000
Operating Profit	37 000	53 000	121 000
Financial Income	3 000	8 000	8 000
Financial Costs	0	0	29 000
Financial Balance	3 000	8 000	−21 000
Dividends	0	0	0
Net Income	40 000	61 000	100 000

Balance details (NOK)	2004	2003	2002
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	505 000	448 000	334 000
Total Assets	505 000	448 000	334 000
Total Equity	368 000	328 000	267 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	0	0
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	138 000	120 000	66 000
Total Current Debt	138 000	120 000	66 000
Total Equity and Debt	505 000	448 000	333 000

Financial indicators	2004	2003	2002
Return on Equity	10,87 %	18,6 %	37,45 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	10,11 %	12,68 %	38,41 %
Current Ratio	3,66	3,73	5,06
Quick Ratio	3,66	3,73	5,06
Equity Ratio	0,73	0,73	0,8
Gross Profit Margin	89,34 %	21,05 %	100 %