Torp Computing Group ASA

Torp Computing Group ASA
Auditor
The expensed fees to the company's auditor consist of the following (VAT excluded):
TCG AS TCG Group Total
-Statutory Audit 98 251 349
-Other assurance services 0 3 3
-Tax advisory fee 11 48 59
-Other advisory services 8 14 22
Total fee to the auditor 116 316 432
Notes to the accounts for 2006
Note 3 Items combined on the face of the balance sheet / profit and loss statement
(Amounts in NOK 1000)
TCG
TCG Group
Financial income 2006 2005 2006 2005
Other interest income 1 221
3 2 862 1 369
Dividend and contribution from subsidiaries 8 000 7088 0 0
Other financial income (exchange gain) 12
169 1 626 1 461
Total financial income 9 233 7 260
4 488 2 830
TCG
TCG Group
Financial expenses 2006 2005 2006 2005
Other interest expenses -953
-64 -6 161 -3 114
Other financial expenses -1
0 -228 -9
Total financial expenses -954
-64 -6 389 -3 123
Note 4 Income taxes
(Amounts in NOK 1000)
Translated into English for information purposes only
Components of the income tax expense
TCG TCG Group
2006 2005 2006 2005
Tax payable 2 276
0 9 809 7 511
Change in deferred tax 93
0 -359 -810
Total tax expense 2 369
0 9 450 6 701
Basis for income tax expense, changes in deferred tax and tax payable
TCG TCG Group
2006 2005 2006 2005
Profit/loss before income tax 8 420 6 816 30 541 20 800
Permanent differences 41 -1 816 2 566 4 437
Loss Sweden (Micro Parts Express AB) 0 0 0 543
Changes in temporary differences -226 0 2 089 1 910
Tax losses carried forward -107 0 -164 -866
Dividend from subsidiaries 0 -5 000 0 0
Basis for tax payable in the profit and loss statement 8 129
0 35 032 26 824
Calculation of deferred tax/deferred tax asset
TCG
TCG Group
Temporary differences 2006 2005 2006 2005
Inventory 0 0 -1 705 -1 210
Fixed assets 226 0 -1 410 -1 134
Current assets 0 0 -988 -73
Other non-current items 0 0 -421 -17
Total 226 0 -4524 -2434
28 % deferred tax 63 0 -1 267 -682
Deferred tax of tax losses carried forward 30 0 -16 -242
Deferred tax in the balance sheet 93 0 -1 283 -924
194