Torp Computing Group ASA

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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
Torp Computing Group ASA Note 5 Intangible assets (Amounts in NOK 1000) TCG Group Goodwill Acquisition cost at 01.01.06 5 411 Additions 0 Disposals 0 Acquisition cost 31.12.06 5 411 Accumulated amortisation 31.12.06 -2 108 Net carrying amount 31.12.06 3 303 Amortisation of the year 550 The group use linear depreciations for all intangible assets. Goodwill per acquisition Value 31.12.2006 Lifetime Depreciation Merger between MPX AS and XD AS 2 745 10 Linear Merger between WEB Distribusjon AS and Cinet AS 557 10 Linear Sum 3 303 Note 6 Property, plant and equipment (Amounts in NOK 1000) TCG Property, plant and equipment Machinery Notes to the accounts for 2006 Furnitures, fittings & equipment Total Acquisition cost at 01.01.06 0 0 0 Additions 0 1 568 1 568 Disposals 0 0 0 Acquisition cost at 31.12.06 0 1 568 1 568 Accumulated depreciation 31.12.06 0 198 198 Net book value 31.12.06 0 1 370 1 370 Net book value 31.12.05 0 0 0 Depreciation for the year 0 198 198 TCG Group Translated into English for information purposes only Goodwill is considered to have a lifetime over 10 years, and is connected to synergy gain in relation to merger between MPX AS and XD AS. Property, plant and equipment Machinery Furnitures, fittings & equipment Total Acquisition cost at 01.01.06 8 214 16 568 24 782 Additions 2 828 5 316 8 144 Disposals 0 0 Acquisition cost at 31.12.06 11 043 21 884 32 926 Accumulated depreciation 31.12.06 2 913 15 177 18 090 Net book value 31.12.06 8 130 6 707 14 836 Net book value 31.12.05 7 327 5 340 12 667 Depreciation for the year 2 026 5 340 7 366 Both TCG and TCG Group use linear depreciation for all fixed assets. Economic lifetimes are in the range from 3 to 15 years. 195
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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 184 and 185: The Board of Director’s Annual Re
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Page 222 and 223: Appendix 6 Interim balance sheet fo
Page 224 and 225: Komplett ASA INTERIM BALANCE SHEET
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Page 228 and 229: Torp Computing Group ASA Equity and
Page 230 and 231: Appendix 8 Draft opening balance sh
Page 232 and 233: Komplett ASA Draft Opening balance
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Page 236 and 237: REPORT OF THE BOARD OF DIRECTORS CO
Page 238 and 239: The exchange ratio for the Merger w
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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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