SKJEBERG IDRETTSFORENING

1739 BORGENHAUGEN

Finances

Share Ownership

Return on Equity

225,16 %

Current Ratio

2,27

Debt-to-Equity Ratio

Key figures (NOK)	2004	2003	2002
Revenue	2 694 000	4 034 000	2 185 000
Net Income	689 000	−352 000	41 000
Total Assets	542 000	1 147 000	457 000
Total Equity	306 000	−383 000	−31 000

Income (NOK)	2004	2003	2002
Revenue	2 694 000	4 034 000	2 185 000
Expenditure	2 804 000	4 351 000	2 117 000
Operating Profit	−111 000	−318 000	68 000
Financial Income	0	1 000	2 000
Financial Costs	37 000	35 000	29 000
Financial Balance	−37 000	−34 000	−27 000
Earnings Before Tax	−148 000	−352 000	41 000
Tax	0	0	0
Net Income	689 000	−352 000	41 000

Balance (NOK)	2004	2003	2002
Total Fixed Assets	6 000	213 000	220 000
Total Current Assets	536 000	934 000	237 000
Total Assets	542 000	1 147 000	457 000
Total Retained Equity	306 000	−583 000	−231 000
Total Equity	306 000	−383 000	−31 000
Total Long-Term Debt	0	216 000	197 000
Total Current Debt	236 000	1 314 000	290 000
Total Equity and Debt	542 000	1 147 000	456 000

Cash flow (NOK)	2004	2003	2002
Sales Income	0	0	1 838 000
Other Income	2 694 000	4 034 000	347 000
Revenue	2 694 000	4 034 000	2 185 000
Cost of Goods Sold	1 051 000	0	0
Salary Costs	1 359 000	1 934 000	744 000
Depreciation	7 000	7 000	9 000
Impairment	0	0	0
Expenditure	2 804 000	4 351 000	2 117 000
Operating Profit	−111 000	−318 000	68 000
Financial Income	0	1 000	2 000
Financial Costs	37 000	35 000	29 000
Financial Balance	−37 000	−34 000	−27 000
Dividends	0	0	0
Net Income	689 000	−352 000	41 000

Balance details (NOK)	2004	2003	2002
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	200 000	200 000
Machinery and Plant Facilities	0	0	0
Fixtures	6 000	13 000	20 000
Total Tangible Assets	6 000	213 000	220 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	6 000	213 000	220 000
Stock	0	126 000	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	536 000	934 000	237 000
Total Assets	542 000	1 147 000	457 000
Total Equity	306 000	−383 000	−31 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	216 000	197 000
Creditors	89 000	468 000	83 000
Unpaid Taxes	39 000	398 000	135 000
Dividends	0	0	0
Other Current Debt	107 000	361 000	8 000
Total Current Debt	236 000	1 314 000	290 000
Total Equity and Debt	542 000	1 147 000	456 000

Financial indicators	2004	2003	2002
Return on Equity	225,16 %	91,91 %	−132,26 %
Debt-to-Equity Ratio	0	−0,56	−6,35
Operating Profit Margin	−4,12 %	−7,88 %	3,11 %
Current Ratio	2,27	0,71	0,82
Quick Ratio	2,27	0,79	0,82
Equity Ratio	0,56	−0,33	−0,07
Gross Profit Margin	60,99 %	100 %	100 %