CATO RØNNINGSVEEN

2819 GJØVIK

Finances

Share Ownership

Return on Equity

10 %

Current Ratio

0,42

Debt-to-Equity Ratio

Key figures (NOK)	2005	2004	2003
Revenue	1 742 000	5 084 000	5 204 000
Net Income	147 000	284 000	214 000
Total Assets	1 686 000	345 000	607 000
Total Equity	1 470 000	−79 000	174 000

Income (NOK)	2005	2004	2003
Revenue	1 742 000	5 084 000	5 204 000
Expenditure	1 595 000	4 685 000	5 275 000
Operating Profit	148 000	298 000	226 000
Financial Income	0	0	1 000
Financial Costs	2 000	15 000	13 000
Financial Balance	−2 000	−15 000	−12 000
Earnings Before Tax	147 000	284 000	214 000
Tax	0	0	0
Net Income	147 000	284 000	214 000

Balance (NOK)	2005	2004	2003
Total Fixed Assets	1 596 000	63 000	78 000
Total Current Assets	90 000	282 000	529 000
Total Assets	1 686 000	345 000	607 000
Total Retained Equity	1 470 000	−79 000	174 000
Total Equity	1 470 000	−79 000	174 000
Total Long-Term Debt	0	0	0
Total Current Debt	216 000	423 000	433 000
Total Equity and Debt	1 686 000	345 000	607 000

Cash flow (NOK)	2005	2004	2003
Sales Income	641 000	5 084 000	4 014 000
Other Income	1 101 000	0	1 190 000
Revenue	1 742 000	5 084 000	5 204 000
Cost of Goods Sold	−4 000	2 741 000	3 411 000
Salary Costs	1 089 000	1 173 000	1 065 000
Depreciation	47 000	16 000	18 000
Impairment	0	0	0
Expenditure	1 595 000	4 685 000	5 275 000
Operating Profit	148 000	298 000	226 000
Financial Income	0	0	1 000
Financial Costs	2 000	15 000	13 000
Financial Balance	−2 000	−15 000	−12 000
Dividends	0	0	0
Net Income	147 000	284 000	214 000

Balance details (NOK)	2005	2004	2003
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	1 530 000	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	66 000	63 000	78 000
Total Tangible Assets	1 596 000	63 000	78 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	1 596 000	63 000	78 000
Stock	0	196 000	297 000
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	90 000	282 000	529 000
Total Assets	1 686 000	345 000	607 000
Total Equity	1 470 000	−79 000	174 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	5 000	56 000	26 000
Unpaid Taxes	71 000	86 000	82 000
Dividends	0	0	0
Other Current Debt	141 000	100 000	0
Total Current Debt	216 000	423 000	433 000
Total Equity and Debt	1 686 000	345 000	607 000

Financial indicators	2005	2004	2003
Return on Equity	10 %	−359,49 %	122,99 %
Debt-to-Equity Ratio	0	−0	0
Operating Profit Margin	8,5 %	5,86 %	4,34 %
Current Ratio	0,42	0,67	1,22
Quick Ratio	0,42	1,24	3,89
Equity Ratio	0,87	−0,23	0,29
Gross Profit Margin	100,23 %	46,09 %	34,45 %