ROGALAND KOLLEKTIVTRAFIKK FKF

4005 STAVANGER

Finances

Return on Equity

109,06 %

Current Ratio

0,65

Debt-to-Equity Ratio

−0,23

Key figures (NOK)	2004	2003	2002
Revenue	528 492 000	506 110 000	366 149 000
Net Income	−13 225 000	−12 154 000	−4 857 000
Total Assets	33 505 000	20 229 000	20 144 000
Total Equity	−12 126 000	−17 143 000	−4 857 000

Income (NOK)	2004	2003	2002
Revenue	528 492 000	506 110 000	366 149 000
Expenditure	542 025 000	518 231 000	371 043 000
Operating Profit	−13 533 000	−12 121 000	−4 894 000
Financial Income	0	0	38 000
Financial Costs	20 000	33 000	1 000
Financial Balance	−20 000	−33 000	37 000
Earnings Before Tax	−13 553 000	−12 154 000	−4 857 000
Tax	0	0	0
Net Income	−13 225 000	−12 154 000	−4 857 000

Balance (NOK)	2004	2003	2002
Total Fixed Assets	5 685 000	3 370 000	1 818 000
Total Current Assets	27 820 000	16 859 000	18 326 000
Total Assets	33 505 000	20 229 000	20 144 000
Total Retained Equity	−12 126 000	−17 143 000	−5 226 000
Total Equity	−12 126 000	−17 143 000	−4 857 000
Total Long-Term Debt	2 760 000	1 518 000	0
Total Current Debt	42 871 000	35 854 000	25 001 000
Total Equity and Debt	33 505 000	20 229 000	20 144 000

Cash flow (NOK)	2004	2003	2002
Sales Income	364 886 000	503 807 000	0
Other Income	163 606 000	2 303 000	366 149 000
Revenue	528 492 000	506 110 000	366 149 000
Cost of Goods Sold	531 025 000	508 227 000	363 102 000
Salary Costs	10 501 000	9 915 000	6 555 000
Depreciation	328 000	0	0
Impairment	0	0	0
Expenditure	542 025 000	518 231 000	371 043 000
Operating Profit	−13 533 000	−12 121 000	−4 894 000
Financial Income	0	0	38 000
Financial Costs	20 000	33 000	1 000
Financial Balance	−20 000	−33 000	37 000
Dividends	0	0	0
Net Income	−13 225 000	−12 154 000	−4 857 000

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	3 185 000	1 687 000	1 818 000
Total Tangible Assets	3 185 000	1 687 000	1 818 000
Total Fiancial Fixed Assets	2 500 000	1 683 000	0
Total Fixed Assets	5 685 000	3 370 000	1 818 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	27 820 000	16 859 000	18 326 000
Total Assets	33 505 000	20 229 000	20 144 000
Total Equity	−12 126 000	−17 143 000	−4 857 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 760 000	1 518 000	0
Creditors	0	0	0
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	42 871 000	35 854 000	25 001 000
Total Current Debt	42 871 000	35 854 000	25 001 000
Total Equity and Debt	33 505 000	20 229 000	20 144 000

Financial indicators	2004	2003	2002
Return on Equity	109,06 %	70,9 %	100 %
Debt-to-Equity Ratio	−0,23	−0,09	−0
Operating Profit Margin	−2,56 %	−2,39 %	−1,34 %
Current Ratio	0,65	0,47	0,73
Quick Ratio	0,65	0,47	0,73
Equity Ratio	−0,36	−0,85	−0,24
Gross Profit Margin	−0,48 %	−0,42 %	0,83 %