REC WAFER NORWAY AS

8160 GLOMFJORD

Finances

Share Ownership

Return on Equity

348,4 %

Current Ratio

0,37

Debt-to-Equity Ratio

−0,62

Key figures (NOK)	2011	2010	2009	2008
Revenue	5 360 009 000	7 107 650 000	5 879 289 000	4 666 828 000
Net Income	−10 328 116 000	−573 075 000	−1 458 666 000	2 574 410 000
Total Assets	1 158 972 000	11 526 671 000	10 465 712 000	9 361 023 000
Total Equity	−2 964 461 000	859 809 000	1 448 273 000	2 659 058 000

Income (NOK)	2011	2010	2009	2008
Revenue	5 360 009 000	7 107 650 000	5 879 289 000	4 666 828 000
Expenditure	12 196 818 000	6 978 857 000	6 612 971 000	3 319 125 000
Operating Profit	−6 537 221 000	17 532 000	−544 222 000	1 353 160 000
Financial Income	337 527 000	485 194 000	867 463 000	2 781 442 000
Financial Costs	3 773 734 000	1 297 944 000	2 348 590 000	556 988 000
Financial Balance	−3 436 207 000	−812 750 000	−1 481 127 000	2 224 454 000
Earnings Before Tax	−9 973 428 000	−795 218 000	−2 025 349 000	3 577 614 000
Tax	354 688 000	0	−566 683 000	1 003 204 000
Net Income	−10 328 116 000	−573 075 000	−1 458 666 000	2 574 410 000

Balance (NOK)	2011	2010	2009	2008
Total Fixed Assets	308 982 000	9 225 314 000	7 772 467 000	5 096 362 000
Total Current Assets	849 990 000	2 301 357 000	2 693 245 000	4 264 660 000
Total Assets	1 158 972 000	11 526 671 000	10 465 712 000	9 361 023 000
Total Retained Equity	−3 081 209 000	0	1 395 020 000	2 104 065 000
Total Equity	−2 964 461 000	859 809 000	1 448 273 000	2 659 058 000
Total Long-Term Debt	1 838 083 000	1 270 908 000	783 058 000	673 269 000
Total Current Debt	2 285 348 000	9 395 953 000	8 234 379 000	6 028 696 000
Total Equity and Debt	1 158 970 000	11 526 670 000	10 465 710 000	9 361 023 000

Cash flow (NOK)	2011	2010	2009	2008
Sales Income	5 360 009 000	7 107 650 000	5 879 289 000	4 666 828 000
Other Income	0	0	0	0
Revenue	5 360 009 000	7 107 650 000	5 879 289 000	4 666 828 000
Cost of Goods Sold	4 136 962 000	4 455 672 000	3 855 840 000	2 105 316 000
Salary Costs	722 704 000	814 408 000	570 643 000	492 514 000
Depreciation	416 676 000	780 845 000	613 636 000	309 235 000
Impairment	5 235 739 000	13 685 000	999 271 000	0
Expenditure	12 196 818 000	6 978 857 000	6 612 971 000	3 319 125 000
Operating Profit	−6 537 221 000	17 532 000	−544 222 000	1 353 160 000
Financial Income	337 527 000	485 194 000	867 463 000	2 781 442 000
Financial Costs	3 773 734 000	1 297 944 000	2 348 590 000	556 988 000
Financial Balance	−3 436 207 000	−812 750 000	−1 481 127 000	2 224 454 000
Dividends	0	0	0	0
Net Income	−10 328 116 000	−573 075 000	−1 458 666 000	2 574 410 000

Balance details (NOK)	2011	2010	2009	2008
Goodwill	0	0	0	0
Total Intangible Assets	0	422 233 000	213 916 000	80 386 000
Real Eastate	223 360 000	2 377 899 000	2 152 871 000	1 123 461 000
Machinery and Plant Facilities	69 000 000	3 227 578 000	3 220 867 000	2 901 926 000
Fixtures	0	24 401 000	33 209 000	16 155 000
Total Tangible Assets	292 360 000	5 629 878 000	5 406 947 000	4 041 543 000
Total Fiancial Fixed Assets	16 622 000	3 173 203 000	2 151 604 000	974 433 000
Total Fixed Assets	308 982 000	9 225 314 000	7 772 467 000	5 096 362 000
Stock	124 817 000	878 488 000	1 177 996 000	742 033 000
Total Investments	0	0	197 096 000	0
Cash, Bank	4 000	370 000	520 000	509 000
Total Current Assets	849 990 000	2 301 357 000	2 693 245 000	4 264 660 000
Total Assets	1 158 972 000	11 526 671 000	10 465 712 000	9 361 023 000
Total Equity	−2 964 461 000	859 809 000	1 448 273 000	2 659 058 000
Short-Term Group Debt	0	7 969 690 000	466 666 000	0
Total Long-Term Debt	1 838 083 000	1 270 908 000	783 058 000	673 269 000
Creditors	187 769 000	692 566 000	686 356 000	911 192 000
Unpaid Taxes	19 250 000	21 263 000	16 998 000	13 795 000
Dividends	0	0	0	0
Other Current Debt	425 512 000	712 434 000	464 964 000	5 103 444 000
Total Current Debt	2 285 348 000	9 395 953 000	8 234 379 000	6 028 696 000
Total Equity and Debt	1 158 970 000	11 526 670 000	10 465 710 000	9 361 023 000

Financial indicators	2011	2010	2009	2008
Return on Equity	348,4 %	−66,65 %	−100,72 %	96,82 %
Debt-to-Equity Ratio	−0,62	1,48	0,54	0,25
Operating Profit Margin	−121,96 %	0,25 %	−9,26 %	29 %
Current Ratio	0,37	0,24	0,33	0,71
Quick Ratio	0,39	0,27	0,38	0,81
Equity Ratio	−2,56	0,07	0,14	0,28
Gross Profit Margin	22,82 %	37,31 %	34,42 %	54,89 %