SEADREAM YACHT CLUB LTD

1396 BILLINGSTAD

Finances

Share Ownership

Return on Equity

90,52 %

Current Ratio

0,63

Debt-to-Equity Ratio

Key figures (NOK)	2007	2006	2005	2004
Revenue	258 813 000	251 449 000	208 268 000	188 902 000
Net Income	23 431 000	18 784 000	4 113 000	−14 426 000
Total Assets	258 724 000	184 391 000	168 698 000	158 672 000
Total Equity	25 885 000	−839 000	−19 623 000	−25 979 000

Income (NOK)	2007	2006	2005	2004
Revenue	258 813 000	251 449 000	208 268 000	188 902 000
Expenditure	223 345 000	225 135 000	213 015 000	202 609 000
Operating Profit	35 468 000	26 314 000	−4 746 000	−13 707 000
Financial Income	28 717 000	12 572 000	16 724 000	2 998 000
Financial Costs	31 625 000	12 777 000	6 212 000	9 215 000
Financial Balance	−2 908 000	−205 000	10 512 000	−6 217 000
Earnings Before Tax	32 560 000	26 109 000	5 765 000	−19 924 000
Tax	9 129 000	7 325 000	1 653 000	5 498 000
Net Income	23 431 000	18 784 000	4 113 000	−14 426 000

Balance (NOK)	2007	2006	2005	2004
Total Fixed Assets	111 297 000	121 725 000	139 581 000	106 035 000
Total Current Assets	147 427 000	62 666 000	29 117 000	52 637 000
Total Assets	258 724 000	184 391 000	168 698 000	158 672 000
Total Retained Equity	22 547 000	−884 000	−19 668 000	−26 024 000
Total Equity	25 885 000	−839 000	−19 623 000	−25 979 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	232 839 000	185 230 000	188 321 000	184 651 000
Total Equity and Debt	258 724 000	184 391 000	168 698 000	158 672 000

Cash flow (NOK)	2007	2006	2005	2004
Sales Income	258 813 000	251 449 000	208 268 000	188 902 000
Other Income	0	0	0	0
Revenue	258 813 000	251 449 000	208 268 000	188 902 000
Cost of Goods Sold	35 223 000	36 660 000	33 214 000	27 178 000
Salary Costs	70 289 000	70 725 000	69 516 000	68 133 000
Depreciation	1 713 000	1 390 000	634 000	609 000
Impairment	0	0	0	0
Expenditure	223 345 000	225 135 000	213 015 000	202 609 000
Operating Profit	35 468 000	26 314 000	−4 746 000	−13 707 000
Financial Income	28 717 000	12 572 000	16 724 000	2 998 000
Financial Costs	31 625 000	12 777 000	6 212 000	9 215 000
Financial Balance	−2 908 000	−205 000	10 512 000	−6 217 000
Dividends	0	0	0	0
Net Income	23 431 000	18 784 000	4 113 000	−14 426 000

Balance details (NOK)	2007	2006	2005	2004
Goodwill	0	0	0	0
Total Intangible Assets	132 000	77 000	7 389 000	9 914 000
Real Eastate	5 322 000	3 072 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	19 281 000	18 510 000	16 172 000	7 329 000
Total Tangible Assets	24 603 000	21 582 000	16 172 000	7 329 000
Total Fiancial Fixed Assets	86 562 000	100 066 000	116 020 000	88 792 000
Total Fixed Assets	111 297 000	121 725 000	139 581 000	106 035 000
Stock	9 656 000	10 816 000	7 901 000	5 534 000
Total Investments	0	0	0	0
Cash, Bank	5 143 000	0	0	0
Total Current Assets	147 427 000	62 666 000	29 117 000	52 637 000
Total Assets	258 724 000	184 391 000	168 698 000	158 672 000
Total Equity	25 885 000	−839 000	−19 623 000	−25 979 000
Short-Term Group Debt	0	0	18 219 000	56 486 000
Total Long-Term Debt	0	0	0	0
Creditors	47 672 000	29 720 000	28 061 000	27 451 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	185 167 000	155 496 000	142 041 000	99 274 000
Total Current Debt	232 839 000	185 230 000	188 321 000	184 651 000
Total Equity and Debt	258 724 000	184 391 000	168 698 000	158 672 000

Financial indicators	2007	2006	2005	2004
Return on Equity	90,52 %	−2 238,86 %	−20,96 %	55,53 %
Debt-to-Equity Ratio	0	−0	−0	−0
Operating Profit Margin	13,7 %	10,46 %	−2,28 %	−7,26 %
Current Ratio	0,63	0,34	0,15	0,29
Quick Ratio	0,66	0,36	0,16	0,29
Equity Ratio	0,1	−0	−0,12	−0,16
Gross Profit Margin	86,39 %	85,42 %	84,05 %	85,61 %