GG SHIPYARDS SERVICES LTD

Share Ownership

Return on Equity

145,88 %

Current Ratio

0,97

Debt-to-Equity Ratio

−0

Key figures (NOK)	2011	2010	2009
Revenue	23 314 000	19 356 000	22 339 000
Net Income	−124 000	−292 000	17 000
Total Assets	2 705 000	2 267 000	1 013 000
Total Equity	−85 000	−242 000	301 000

Income (NOK)	2011	2010	2009
Revenue	23 314 000	19 356 000	22 339 000
Expenditure	23 439 000	19 203 000	22 334 000
Operating Profit	−124 000	153 000	6 000
Financial Income	0	0	18 000
Financial Costs	0	0	0
Financial Balance	0	0	18 000
Earnings Before Tax	−124 000	153 000	23 000
Tax	0	445 000	7 000
Net Income	−124 000	−292 000	17 000

Balance (NOK)	2011	2010	2009
Total Fixed Assets	0	0	0
Total Current Assets	2 705 000	2 267 000	1 013 000
Total Assets	2 705 000	2 267 000	1 013 000
Total Retained Equity	−85 000	−242 000	301 000
Total Equity	−85 000	−242 000	301 000
Total Long-Term Debt	0	0	0
Total Current Debt	2 789 000	2 509 000	712 000
Total Equity and Debt	2 705 000	2 267 000	1 013 000

Cash flow (NOK)	2011	2010	2009
Sales Income	23 314 000	19 356 000	22 339 000
Other Income	0	0	0
Revenue	23 314 000	19 356 000	22 339 000
Cost of Goods Sold	22 310 000	18 670 000	21 945 000
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	23 439 000	19 203 000	22 334 000
Operating Profit	−124 000	153 000	6 000
Financial Income	0	0	18 000
Financial Costs	0	0	0
Financial Balance	0	0	18 000
Dividends	0	0	0
Net Income	−124 000	−292 000	17 000

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	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	2 705 000	2 267 000	1 013 000
Total Assets	2 705 000	2 267 000	1 013 000
Total Equity	−85 000	−242 000	301 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	0	0
Unpaid Taxes	2 394 000	1 995 000	695 000
Dividends	0	0	0
Other Current Debt	0	69 000	0
Total Current Debt	2 789 000	2 509 000	712 000
Total Equity and Debt	2 705 000	2 267 000	1 013 000

Financial indicators	2011	2010	2009
Return on Equity	145,88 %	120,66 %	5,65 %
Debt-to-Equity Ratio	−0	−0	0
Operating Profit Margin	−0,53 %	0,79 %	0,03 %
Current Ratio	0,97	0,9	1,42
Quick Ratio	0,97	0,9	1,42
Equity Ratio	−0,03	−0,11	0,3
Gross Profit Margin	4,31 %	3,54 %	1,76 %