NORDISK HÅNDVÆRK APS

DK-2500 Valby

Finances

Share Ownership

Return on Equity

4,94 %

Current Ratio

0,43

Debt-to-Equity Ratio

Key figures (NOK)	2010	2009	2008	2007
Revenue	78 505 000	77 951 000	113 903 000	105 692 000
Net Income	173 000	111 000	511 000	4 952 000
Total Assets	25 682 000	24 613 000	72 124 000	76 568 000
Total Equity	3 504 000	3 331 000	9 684 000	9 173 000

Income (NOK)	2010	2009	2008	2007
Revenue	78 505 000	77 951 000	113 903 000	105 692 000
Expenditure	78 037 000	77 247 000	102 674 000	97 155 000
Operating Profit	468 000	423 000	11 230 000	8 538 000
Financial Income	963 000	375 000	820 000	495 000
Financial Costs	1 187 000	644 000	11 160 000	2 188 000
Financial Balance	−224 000	−269 000	−10 340 000	−1 693 000
Earnings Before Tax	244 000	155 000	890 000	6 845 000
Tax	71 000	44 000	379 000	1 893 000
Net Income	173 000	111 000	511 000	4 952 000

Balance (NOK)	2010	2009	2008	2007
Total Fixed Assets	16 070 000	7 824 000	48 389 000	44 819 000
Total Current Assets	9 612 000	16 789 000	23 735 000	31 749 000
Total Assets	25 682 000	24 613 000	72 124 000	76 568 000
Total Retained Equity	3 504 000	3 331 000	9 684 000	9 173 000
Total Equity	3 504 000	3 331 000	9 684 000	9 173 000
Total Long-Term Debt	0	2 873 000	43 041 000	45 780 000
Total Current Debt	22 178 000	18 410 000	19 399 000	21 615 000
Total Equity and Debt	25 682 000	24 613 000	72 124 000	76 568 000

Cash flow (NOK)	2010	2009	2008	2007
Sales Income	78 180 000	77 499 000	113 835 000	105 656 000
Other Income	325 000	452 000	68 000	37 000
Revenue	78 505 000	77 951 000	113 903 000	105 692 000
Cost of Goods Sold	6 963 000	454 000	442 000	7 221 000
Salary Costs	59 302 000	58 626 000	86 917 000	81 043 000
Depreciation	184 000	179 000	719 000	642 000
Impairment	0	0	0	0
Expenditure	78 037 000	77 247 000	102 674 000	97 155 000
Operating Profit	468 000	423 000	11 230 000	8 538 000
Financial Income	963 000	375 000	820 000	495 000
Financial Costs	1 187 000	644 000	11 160 000	2 188 000
Financial Balance	−224 000	−269 000	−10 340 000	−1 693 000
Dividends	0	0	0	0
Net Income	173 000	111 000	511 000	4 952 000

Balance details (NOK)	2010	2009	2008	2007
Goodwill	0	0	0	0
Total Intangible Assets	638 000	709 000	821 000	159 000
Real Eastate	0	0	39 044 000	37 387 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	295 000	359 000	577 000	628 000
Total Tangible Assets	295 000	359 000	39 621 000	38 015 000
Total Fiancial Fixed Assets	15 137 000	6 756 000	7 947 000	6 645 000
Total Fixed Assets	16 070 000	7 824 000	48 389 000	44 819 000
Stock	0	0	463 000	463 000
Total Investments	0	0	0	0
Cash, Bank	1 577 000	2 955 000	9 112 000	11 977 000
Total Current Assets	9 612 000	16 789 000	23 735 000	31 749 000
Total Assets	25 682 000	24 613 000	72 124 000	76 568 000
Total Equity	3 504 000	3 331 000	9 684 000	9 173 000
Short-Term Group Debt	5 330 000	0	0	0
Total Long-Term Debt	0	2 873 000	43 041 000	45 780 000
Creditors	2 789 000	834 000	418 000	476 000
Unpaid Taxes	5 479 000	8 121 000	10 518 000	14 008 000
Dividends	0	0	0	0
Other Current Debt	3 599 000	3 896 000	4 716 000	5 996 000
Total Current Debt	22 178 000	18 410 000	19 399 000	21 615 000
Total Equity and Debt	25 682 000	24 613 000	72 124 000	76 568 000

Financial indicators	2010	2009	2008	2007
Return on Equity	4,94 %	3,33 %	5,28 %	53,98 %
Debt-to-Equity Ratio	0	0,86	4,44	4,99
Operating Profit Margin	0,6 %	0,54 %	9,86 %	8,08 %
Current Ratio	0,43	0,91	1,22	1,47
Quick Ratio	0,43	0,91	1,25	1,5
Equity Ratio	0,14	0,14	0,13	0,12
Gross Profit Margin	91,13 %	99,42 %	99,61 %	93,17 %

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