Torp Computing Group ASA

Financial risk
The Group is exposed to changes in foreign exchange rates, especially EURO and US dollar,
as some of the purchase is made in foreign currency. The Board wants the Group to limit the
currency risk. Currency risk is reduced by buying currency for the same amount as we
purchase products. Foreign currency is used to pay for the purchased products on due date.
The Group has floating rate of interest and is therefore also exposed to changes in the level of
interest rates.
A considerable part of the Group’s sales are made on credit. The Group has no credit
insurance and has a small extent of agreements regarding counter account. To ensure the trade
accounts receivable the Group has established a solid credit department with good routines
and competence. In 2006 TGC established TCG Kapital AS as the Group’s 100% owned
debt-collecting company. The Group has very many customers and is to a small extent
dependent of single customers. This ensures spreading of risk associated to the bankruptcy of
single customers.
The Group consider its liquidity to be good and has decided not to initiate actions to change
the liquidity risk.
External environment
The Group does not pollute the external environment.
Scraped electronic products are being taking care of in accordance with regulations in
cooperation with our partner Eurovironment.
Research and development
The Group has no costs regarding research and development.
Equality
Translated into English for information purposes only
The Group shall be a workplace with full equality between women and men. An equality
policy to ensure that there will be no discrimination on the basis of sex in cases of salary,
promotion and recruiting is incorporated.
Of the Group’s 131 employees 38 are women. There are no women in the Groups Board. The
Board consists today of representatives for the Group’s principal shareholders. The Group has
female leaders, and a woman is represented in the Group’s management team. Of the parent
company’s 28 employees 16 are women.
Working time arrangements within the Group are decided according to the different jobs and
are independent of sex. However, the number of employees working part-time is somewhat
higher among the women.
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