SANDEFJORD GOLFKLUBB

3232 SANDEFJORD

Finances

Share Ownership

Return on Equity

15,69 %

Current Ratio

0,05

Debt-to-Equity Ratio

1,64

Key figures (NOK)	2011	2010	2009
Revenue	8 442 000	7 222 000	4 784 000
Net Income	56 000	−932 000	−3 139 000
Total Assets	6 281 000	6 286 000	6 976 000
Total Equity	357 000	362 000	158 000

Income (NOK)	2011	2010	2009
Revenue	8 442 000	7 222 000	4 784 000
Expenditure	8 023 000	7 975 000	7 868 000
Operating Profit	419 000	−753 000	−3 084 000
Financial Income	3 000	0	1 000
Financial Costs	366 000	179 000	56 000
Financial Balance	−363 000	−179 000	−55 000
Earnings Before Tax	56 000	−932 000	−3 139 000
Tax	0	0	0
Net Income	56 000	−932 000	−3 139 000

Balance (NOK)	2011	2010	2009
Total Fixed Assets	6 041 000	6 021 000	6 000 000
Total Current Assets	241 000	264 000	976 000
Total Assets	6 281 000	6 286 000	6 976 000
Total Retained Equity	−7 218 000	−7 287 000	−6 355 000
Total Equity	357 000	362 000	158 000
Total Long-Term Debt	585 000	980 000	1 520 000
Total Current Debt	5 339 000	4 943 000	5 299 000
Total Equity and Debt	6 281 000	6 286 000	6 976 000

Cash flow (NOK)	2011	2010	2009
Sales Income	7 494 000	6 859 000	4 541 000
Other Income	948 000	364 000	243 000
Revenue	8 442 000	7 222 000	4 784 000
Cost of Goods Sold	306 000	289 000	393 000
Salary Costs	1 830 000	2 664 000	2 166 000
Depreciation	10 000	5 000	0
Impairment	0	0	0
Expenditure	8 023 000	7 975 000	7 868 000
Operating Profit	419 000	−753 000	−3 084 000
Financial Income	3 000	0	1 000
Financial Costs	366 000	179 000	56 000
Financial Balance	−363 000	−179 000	−55 000
Dividends	0	0	0
Net Income	56 000	−932 000	−3 139 000

Balance details (NOK)	2011	2010	2009
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	41 000	21 000	0
Total Tangible Assets	41 000	21 000	0
Total Fiancial Fixed Assets	6 000 000	6 000 000	6 000 000
Total Fixed Assets	6 041 000	6 021 000	6 000 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	50 000	87 000	68 000
Total Current Assets	241 000	264 000	976 000
Total Assets	6 281 000	6 286 000	6 976 000
Total Equity	357 000	362 000	158 000
Short-Term Group Debt	338 000	181 000	0
Total Long-Term Debt	585 000	980 000	1 520 000
Creditors	171 000	1 379 000	1 642 000
Unpaid Taxes	96 000	155 000	36 000
Dividends	0	0	0
Other Current Debt	273 000	222 000	606 000
Total Current Debt	5 339 000	4 943 000	5 299 000
Total Equity and Debt	6 281 000	6 286 000	6 976 000

Financial indicators	2011	2010	2009
Return on Equity	15,69 %	−257,46 %	−1 986,71 %
Debt-to-Equity Ratio	1,64	2,71	9,62
Operating Profit Margin	4,96 %	−10,43 %	−64,46 %
Current Ratio	0,05	0,05	0,18
Quick Ratio	0,05	0,05	0,18
Equity Ratio	0,06	0,06	0,02
Gross Profit Margin	96,38 %	96 %	91,79 %