Torp Computing Group ASA

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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. 186
The Board sees no need to initiate special actions to further improve the equality in the Group. Work is carried out to find good female candidates to be members of the Board. Application of the profit The Board will propose to the General Meeting NOK 0,75 pr shares, total 7 812 TNOK, as dividend. The dividend is covered by the profit of 6 051 TNOK, and the remaining amount of 1 761 TNOK is proposed to be used by “Other equity”. Sandefjord, March 13, 2007 _____________________________ _____________________________ Gunnar Bjønness Severin Skaugen Chairman of the Board Board member _____________________________ ____________________________ Svein Vier Simensen Bjørn Erik Tholfsen Board member Board member _____________________________ Ole Vinje Chief Executive Officer Translated into English for information purposes only 187
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INFORMATION MEMORANDUM in connectio
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TABLE OF CONTENTS 3 INFORMATION MEM
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5 INFORMATION MEMORANDUM Merger of
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Lars Seeberg, Manager TCG 23 INFORM
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Full year 2006 Figures in NOK milli
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2004 Investments in the period amou
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6.19.3 Balance Sheet Figures in NOK
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Share capital per 01.01.2004 5 910
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7 INFORMATION ABOUT TCG 63 INFORMAT
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Figure: People having purchased pro
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Appendix 1: Merger Plan with append
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CONTENTS Page 1 BACKGROUND ........
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MERGER PLAN This merger plan is ent
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) The share capital in Komplett is
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8 PROPOSALS FOR AMENDMENTS TO THE A
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16 DISTRIBUTION TO SHAREHOLDERS Non
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Appendices Appendix 1 Articles of A
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Articles of Association for KOMPLET
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Articles of Association for TORP CO
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Articles of Association for KOMPLET
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Page 224 and 225: Komplett ASA INTERIM BALANCE SHEET
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REPORT OF THE BOARD OF DIRECTORS CO
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The exchange ratio for the Merger w
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UNOFFICIAL TRANSLATION FROM NORWEGI
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UNOFFICIAL TRANSLATION FROM NORWEGI
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Appendix 3: Expert Statements on th
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Appendix 5: Financial statements fo
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Trend, active customers (number) 1Q
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THE KOMPLETT GROUP JANUARY - MARCH
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KOMPLETT REPORTS 45 PER CENT GROWTH
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Business development/operations Kom
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THE KOMPLETT GROUP, APRIL - JUNE 20
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Appendix 6: Summary of Fairness Opi
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28 August 2007 Strictly confidentia
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Appendix 7: Summary of Fairness Opi
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28 August 2007 consummated. TCG and
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Torp Computing Group ASA

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