Torp Computing Group ASA

THE KOMPLETT GROUP JANUARY – MARCH 2007
NOK milllion
INCOME STATEMENT 1Q 2007 1Q 2006 2006
Operating revenue 663,3 559,8 2249,4
Cost of goods sold 572,4 483,2 1936,6
Gross contribution 91,0 76,6 312,8
Personnel costs 38,9 29,4 121,2
Operating costs 28,8 23,2 94,2
EBITDA 23,2 24,1 97,5
Depreciation 3,2 2,6 11,7
EBIT 20,0 21,5 85,9
Share of profit in associated companies 0,3 0,1 1,1
Other financial items 1,5 1,2 7,5
EBT 21,7 22,8 94,5
Taxes 6,1 6,9 28,5
Net profit 15,6 15,8 66,1
BALANCE SHEET 31.03.2007 31.03.2006 31.12.2006
Intangible assets 10,3 11,7 10,3
Tangible fixed assets 21,1 12,7 18,2
Financial fixed assets 15,2 13,0 15,0
Total fixed assets 46,6 37,4 43,5
Stock of goods 219,2 190,0 214,6
Accounts receivable 111,6 90,2 116,1
Consumer loans 76,7 16,4 58,3
Taxes and duties receivable 9,4 6,4 22,0
Other current receivables 25,5 17,9 9,0
Bank deposits and cash 113,6 149,3 154,0
Total current assets 556,1 470,2 574,0
Total assets 602,7 507,5 617,5
Paid-in equity 136,7 136,7 136,7
Retained earnings 197,1 150,3 202,6
Total equity 333,8 287,0 339,3
Deferred tax liability 4,3 4,1 4,5
Total long-term liabilities 4,3 4,1 4,5
Accounts payable 153,4 114,2 174,9
Taxes and duties payable 36,7 30,2 41,0
Tax payable 19,4 18,4 25,0
Dividend 19,3 16,9 0,0
Other current liabilities 35,9 36,7 32,8
Total current liabilities 264,7 216,4 273,7
Total liabilities and equity 602,7 507,5 617,5
CASH FLOW ANALYSIS 1Q 2007 1Q 2006 2006
Cash flows used in operating activities -18,4 -6,9 63,5
Cash flow used in consumer finance -18,4 -11,1 -53,1
Cash flows used in investing activities -3,6 1,0 -5,8
Cash flows used in financing activities -0,1 -0,1 -0,2
Dividends paid 0,0 0,0 -16,9
Net decrease in bank deposits and cash -40,4 -17,1 -12,5
Opening bank deposits and cash 154,0 166,5 166,5
Closing bank deposits and cash 113,6 149,3 154,0
CHANGES IN EQUITY 1Q 2007 1Q 2006 2006
Opening equity 339,3 288,3 288,3
Foreign currency translation -1,8 -0,2 1,8
Profit for the period 15,6 254
15,8 66,1
Dividends -19,3 -16,9 -16,9
Closing equity 333,8 287,0 339,3