Torp Computing Group ASA

More documents

Recommendations

Info

1.4.2 TCG Below is an extract of the consolidated financial statements of TCG. Figures in NOK million 2004 NGAAP (audited) 2005 IFRS (audited) 2006 IFRS (audited) 6 INFORMATION MEMORANDUM Merger of Komplett ASA and Torp Computing Group ASA 1H 2006 IFRS (unaudited) 1H 2007 IFRS (unaudited) Q2 2006 IFRS (unaudited) Q2 2007 IFRS (unaudited) Total operating revenues 891.0 1098.3 1312.3 555.2 733.8 250.3 358.3 Operating profit 10.3 21.6 33.0 8.7 17.0 3.1 9.6 Ordinary pretax profit 8.4 21.4 31.1 8.2 15.0 3.2 8.7 Net profit 4.4 14.6 21.6 5.3 10.3 2.1 6.1 Earnings per share 0.49 1.41 2.08 0.51 0.99 0.20 0.58 Total fixed assets 11.6 18.1 20.7 19.7 19.5 19.7 19.5 Total current assets 169.4 245.5 359.9 197.6 279.5 197.6 279.5 TOTAL ASSETS 181.0 263.7 380.6 217.3 299.0 217.3 299.0 Total equity 33.6 64.0 81.4 65.4 83.8 65.4 83.8 Total liabilities 147.3 199.6 299.2 151.9 215.2 151.9 215.2 TOTAL LIABILITIES AND EQUITY 181.0 263.7 380.6 217.3 299.0 217.3 299.0 1.5 Selected Preliminary Pro Forma Financial Information The table below shows the unaudited preliminary condensed pro forma income statement for the combined Komplett and TCG as of and for the year ended 31 December 2006 and the six months ended 30 June 2007 and the unaudited preliminary condensed pro forma balance sheet as of 30 June 2007. Please refer to section 5.8 for a description of the pro forma adjustments. Figures in NOK million 2006 PF IFRS (audited) 1H 2007 PF IFRS (unaudited) Komplett TCG Adj. Merged Komplett TCG Adj. Merged company company Total operating revenues 2249.4 1312.3 -13.2 3548.5 1296.8 733.8 -7.5 2023.1 Operating profit 85.9 33.0 -7.7 111.2 33.0 17.0 -3.9 46.1 Ordinary pretax profit 94.5 31.1 -7.7 117.9 36.1 15.0 -3.9 47.2 Net profit 66.1 21.6 -5.5 82.2 24.3 10.3 -2.8 31.8 Earnings per share (NOK) 5.5 2.08 -0.33 4.9 2.0 0.99 -0.17 1.9 Total fixed assets 187.9 19.5 460.2 667.5 Total current assets 531.0 279.5 -0.9 809.7 TOTAL ASSETS 718.9 299.0 459.3 1477.2 Total equity 467.0 83.8 456.5 971.0 Total liabilities TOTAL LIABILITIES AND EQUITY 251.9 215.2 39.1 506.2
7 INFORMATION MEMORANDUM Merger of Komplett ASA and Torp Computing Group ASA 1.6 Share capital Komplett’s registered share capital before the Merger is NOK 13,258,400.00 divided into 13,258,400 shares each with a nominal value of NOK 1.00, fully paid. 100% of the consideration to the shareholders in TCG shall be settled with new shares in Komplett (0.336134 new shares in Komplett for each share in TCG). If the Merger is completed, the share capital of Komplett will hence be increased with NOK 3,501,118 through the issuance of 3,501,118 new shares, each with a nominal value of NOK 1.00, resulting in a share capital in the Merged Company of NOK 16,759,518, consisting of 16,759,518 shares, each with a nominal value of NOK 1.00. The new shares will be issued upon completion of the Merger, which is expected to take place ultimo December 2007. 1.7 Summary of Risk Factors Please revert to section 2 "Risk Factors" below for relevant risk factors, summarised in the following: Risks related to the Merged Company and the industry in which it operates: • Market development • Competitive industry • Risk of price erosion • Managing and funding growth • Entry into new markets • Technological risk • Risks regarding start up of new systems/ technology in operation • Limitation of deliveries and vendors production capacity • Technical problems or other defects relating to the products being sold and claims arising thereby • Dependence on executive management and certain key personnel • Dependence on and loss of employees • Dependence on third parties • Dependence on intellectual property and proprietary rights (IPR) • Risks associated with international operations • Foreign exchange risk Risks related to the Merger • The integration process • Reduced influence of shareholders • The completion of the Merger Risks related to the Merged Company’s shares • Future dilution of shareholders • Pre-emptive rights may not be available to U.S. holders of the Shares • Risk for US investors
Page 1 and 2: INFORMATION MEMORANDUM in connectio
Page 3 and 4: TABLE OF CONTENTS 3 INFORMATION MEM
Page 5: 5 INFORMATION MEMORANDUM Merger of
Page 9 and 10: 9 INFORMATION MEMORANDUM Merger of
Page 23 and 24: Lars Seeberg, Manager TCG 23 INFORM
Page 33 and 34: Full year 2006 Figures in NOK milli
Page 43 and 44: 2004 Investments in the period amou
Page 53 and 54: 6.19.3 Balance Sheet Figures in NOK
Page 57 and 58:
57 INFORMATION MEMORANDUM Merger of
Page 59 and 60:
Page 61 and 62:
Share capital per 01.01.2004 5 910
Page 63 and 64:
7 INFORMATION ABOUT TCG 63 INFORMAT
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
Figure: People having purchased pro
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
Page 77 and 78:
Page 79 and 80:
Appendix 1: Merger Plan with append
Page 81 and 82:
CONTENTS Page 1 BACKGROUND ........
Page 83 and 84:
MERGER PLAN This merger plan is ent
Page 85 and 86:
) The share capital in Komplett is
Page 87 and 88:
8 PROPOSALS FOR AMENDMENTS TO THE A
Page 89 and 90:
16 DISTRIBUTION TO SHAREHOLDERS Non
Page 91 and 92:
Appendices Appendix 1 Articles of A
Page 93 and 94:
Articles of Association for KOMPLET
Page 95 and 96:
Articles of Association for TORP CO
Page 97 and 98:
Articles of Association for KOMPLET
Page 100 and 101:
100
Page 102 and 103:
102
Page 104 and 105:
104
Page 106 and 107:
106
Page 108 and 109:
108
Page 110 and 111:
110
Page 112 and 113:
112
Page 114 and 115:
114
Page 116 and 117:
116
Page 118 and 119:
118
Page 120 and 121:
120
Page 122 and 123:
122
Page 124 and 125:
124
Page 126 and 127:
126
Page 128 and 129:
128
Page 130 and 131:
130
Page 132 and 133:
132
Page 134 and 135:
134
Page 136 and 137:
136
Page 138 and 139:
138
Page 140 and 141:
140
Page 142 and 143:
142
Page 144 and 145:
144
Page 146 and 147:
146
Page 148 and 149:
148
Page 150 and 151:
150
Page 152 and 153:
152
Page 154 and 155:
154
Page 156 and 157:
156
Page 158 and 159:
158
Page 160 and 161:
160
Page 162 and 163:
162
Page 164 and 165:
164
Page 166 and 167:
166
Page 168 and 169:
168
Page 170 and 171:
170
Page 172 and 173:
172
Page 174 and 175:
174
Page 176 and 177:
176
Page 178 and 179:
178
Page 180 and 181:
180
Page 182 and 183:
182
Page 184 and 185:
The Board of Director’s Annual Re
Page 186 and 187:
Financial risk The Group is exposed
Page 188 and 189:
Translated into English for informa
Page 190 and 191:
Translated into English for informa
Page 192 and 193:
Torp Computing Group ASA Short-term
Page 194 and 195:
Torp Computing Group ASA Auditor Th
Page 196 and 197:
Torp Computing Group ASA Note 7 Sub
Page 198 and 199:
Torp Computing Group ASA Note 14 Sh
Page 200 and 201:
200
Page 202 and 203:
202
Page 204 and 205:
204
Page 206 and 207:
206
Page 208 and 209:
208
Page 210 and 211:
210
Page 212 and 213:
212
Page 214 and 215:
214
Page 216 and 217:
216
Page 218 and 219:
218
Page 220 and 221:
220
Page 222 and 223:
Appendix 6 Interim balance sheet fo
Page 224 and 225:
Komplett ASA INTERIM BALANCE SHEET
Page 226 and 227:
Appendix 7 Interim balance sheet fo
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
Page 234 and 235:
234
Page 236 and 237:
REPORT OF THE BOARD OF DIRECTORS CO
Page 238 and 239:
The exchange ratio for the Merger w
Page 240 and 241:
UNOFFICIAL TRANSLATION FROM NORWEGI
Page 242 and 243:
UNOFFICIAL TRANSLATION FROM NORWEGI
Page 244 and 245:
Appendix 3: Expert Statements on th
Page 246 and 247:
246
Page 248 and 249:
248
Page 250 and 251:
Appendix 5: Financial statements fo
Page 252 and 253:
Trend, active customers (number) 1Q
Page 254 and 255:
THE KOMPLETT GROUP JANUARY - MARCH
Page 256 and 257:
KOMPLETT REPORTS 45 PER CENT GROWTH
Page 258 and 259:
Business development/operations Kom
Page 260 and 261:
THE KOMPLETT GROUP, APRIL - JUNE 20
Page 262 and 263:
Appendix 6: Summary of Fairness Opi
Page 264 and 265:
28 August 2007 Strictly confidentia
Page 266 and 267:
Appendix 7: Summary of Fairness Opi
Page 268 and 269:
28 August 2007 consummated. TCG and
show all

Torp Computing Group ASA

Create successful ePaper yourself

Delete template?

Save as template?