Torp Computing Group ASA

The Board is satisfied with the Group’s progress and is of the opinion that the growth rate is
sensible and controlled. The Board and management have, during 2006, continued to pursue
the core business; distribution and internet trading. Focus has been directed on improving the
efficiency of the operations and on new product areas suitable for the Group’s activity. The
Board is of the opinion that the Group is in a good position for further growth.
No significant circumstances essential to judge the Group’s result and position have occurred
after the annual year end that are not considered in the annual accounts.
Future development and going concern
The competition concerning distribution of data products is tough. The Group has a constant
focus on increasing sales and improving efficiency of internal processes.
The subsidiaries will continue to work on branding. Agencies and product portfolio will be
further developed within priority areas.
The market for the products is developing well. A considerable growth within internet trading
is expected in 2007 also, mainly portable computers and flat screens, but new product areas
will also be put on the market. If this is the case, it will have a positive impact for both the
distribution sector and the web-based stores. The Board is of the opinion that the prospects are
good and anticipates considerable growth in 2007.
The expectation of growth has led the Group to move the distribution centre to a newer and
bigger premise. Torp Distribusjon AS is today hiring an area of 5 000 m2. It has been decided
that the Company in the stocking premises will administer an area of 11 000 m2. After
considering several alternatives, the Board has entered into a contract with Torp IT AS. Torp
IT AS will start building at Østre Kullerød in Sandefjord, close to the existing offices of the
Company. The plan is to move during the spring of 2008.
The Board confirms that the financial statements have been prepared on the basis of the going
concern assumption. The evaluation is based on the general valuation of the market as well as
budgets and forecasts for 2007 to 2010 which have been prepared.
Working environment and staff
Translated into English for information purposes only
Absence due to illness was in total 10 448 hours during 2006 for the Group. This represents
5% of the total working hours of the Group. The Group will continue to work to keep sick
leave at a low level.
The total sick leave for the Company was 1 335 hours or 3,4% of total working hours.
No serious working accidents causing personal or material damage have taken place or been
reported during the year.
The working environment is considered good. Measures are taken to control employee
contentment, and continuing efforts are carried out to ensure a good environment.
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