Torp Computing Group ASA

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INFORMATION MEMORANDUM
Merger of Komplett ASA and Torp Computing Group ASA
In 2005, Komplett had a turnover of MNOK 1 451 (+8%) in Norway, MNOK 331 (+ 5%) in Sweden,
MNOK 166 (+48%) in Great Britain/Ireland, and MNOK 26 (+225%) in The Netherlands/Belgium.
Komplett shipped a total of 833 326 orders in 2005, corresponding to a delivery every 38 seconds
every day, round the clock, all year long. Komplett’s active customer base expanded by nearly 90
000 customers in 2005. Altogether, Komplett had 1 170 063 registered customers.
Equity and shareholder affairs
At 31 December 2005, there were 12 058 400 shares in the company, divided among 541
shareholders. 40% of the company's shares were in foreign hands. The equity ratio was on 56%.
2004
Komplett’s turnover for 2004 as a whole was NOK 1,794 million as compared to NOK 1,732 million
in 2003 (+4%). Pre-tax profit was NOK 51.8 million as compared to NOK 85.8 million for 2003. The
profit reported for 2003 includes a gain of NOK 6.9 million on the sale of Komplett’s high street
stores. Komplett achieved an operating margin of 2.9% for 2004 as a whole.
The company’s liquidity was very strong, with liquid assets of NOK 206 million at the end of the
year.
Komplett’s direct sales to end-customers for 2004 as a whole totalled NOK 1,172 million (+13 %),
as compared to NOK 1,036 million in 2003. Komplett’s sales to computer resellers in 2004 totalled
NOK 622 million (-11%), as compared to NOK 696 million in 2003. Sales to computer resellers had
a decline due to a large extent to lower sales to the chain of high-street stores previously wholly
owned by Komplett.
For 2004 as a whole, Komplett’s sales to the Norwegian market totalled NOK 1,346.6 million. Sales
in Sweden totalled NOK 314.8 million, while the United Kingdom/Ireland generated turnover of
NOK 112.1 million in 2004.
Equity and shareholder matters
Komplett ASA had 12,058,400 shares outstanding at 31 December 2004, held by 732
shareholders. Foreign shareholders held 39% of Komplett’s share capital at the close of the year.
The company’s equity ratio at 31 December 2004 was 53%.