English version - Hexagon Composites ASA

COMROD COMMUNICATION ASA – LISTING ON THE OSLO STOCK EXCHANGE
Comrod AS - Notes to the interim financial statements 3. Quarter 2006
Note 5 Transition from NGAAP to IFRS continued
Balance sheet 1 January 2004, transition from NGAAP to IFRS
(in NOK 1000)
31.12.2003 01.01.2004 01.01.2004
Notes NGAAP IFRS adj. IFRS
ASSETS
Deferred tax asset 5 448 -447 0
Goodwill and other intagibles 0 0 0
Total intangible assets 448 -447 0
Total tangible assets 16 964 0 16 964
Total non current assets 17 412 -447 16 964
Inventories 16 325 0 16 325
Accounts receivable 14 273 0 14 273
Forward exchange contracts 2 0 5 340 5 340
Receivable group company 11 328 0 11 328
Other receivables 3 332 0 3 332
Bank deposits and cash 1 173 0 1 173
Total current assets 46 431 5 340 51 771
Total assets 63 843 4 893 68 736
EQUITY AND LIABILITIES
Paid in capital 3 700 0 3 700
Other equity 1, 2, 4, 5 5 337 8 878 14 215
Total equity 9 037 8 878 17 915
Non-current liabilities
Pension obligations 1 2 430 2 832 5 262
Deferred tax 5 0 255 255
Other long-term debt 3 7 323 -1 147 6 176
Total non-current liabilities 9 753 1 940 11 693
Liabilities to financial 3 0 1 147 1 147
Accounts payable 12 504 0 12 504
Public duties payable 2 344 0 2 344
Current liabilities to group 4 24 963 -7 072 17 891
Other current liabilities 5 242 0 5 242
Total current liabilities 45 053 -5 925 39 128
Total liabilities 54 806 -3 985 50 821
Total equity and liabilities 63 843 4 893 68 736
Balance sheet, NGAAP versus IFRS
(in NOK 1000) 31.12.2004 31.12.2004 31.12.2004
Notes NGAAP IFRS adj. IFRS
ASSETS
Deferred tax asset 5 531 -531 0
Goodwill and other intagibles 0 0 0
Total intangible assets 531 -531 0
Total tangible assets 19 296 0 19 296
Total non current assets 19 827 -531 19 296
Inventories 17447 0 17 447
Accounts receivable 16455 0 16 455
Forward exchange contracts 2 0 5 781 5 781
Receivable group company 10314 0 10 314
Other receivables 2699 0 2 699
Bank deposits and cash 1525 0 1 525
Total current assets 48 441 5 781 54 222
Total assets 68 268 5 250 73 518
Comrod AS - Notes to the interim financial statements 3. Quarter 2006
Note 5 Transition from NGAAP to IFRS continued
(in NOK 1000)
31.12.2004 31.12.2004 31.12.2004
Notes NGAAP IFRS adj. IFRS
EQUITY AND LIABILITIES
Paid in capital 3 700 0 3 700
Other equity 1, 2, 4, 5 5 319 20 005 25 324
Total equity 9 019 20 005 29 024
Pension obligations 1 2 829 3 113 5 942
Deferred tax 5 7 249 7 249
Other long-term debt 3 6 231 -1 147 5 084
Total non-current liabilities 9 060 9 214 18 274
Liabilities to financial institutions 3 1 147 1 147
Accounts payable 5 619 0 5 619
Public duties payable 2 887 0 2 887
Current liabilities to group companies 4 34 939 -25 116 9 823
Other current liabilities 6 745 0 6 745
Total current liabilities 50 189 -23 969 26 220
Total liabilities 59 249 -14 755 44 494
Total equity and liabilities 68 268 5 250 73 518
(in NOK 1000) 30.09.2005 30.09.2005 30.09.2005
Notes NGAAP IFRS adj. IFRS
ASSETS
Deferred tax asset 5 -4 368 4 368 0
Goodwill and other intagibles 0 0 0
Total intangible assets -4 368 4 368 0
Total tangible assets 19 496 0 19 496
Total non current assets 15 128 4 368 19 496
Inventories 19316 0 19 316
Accounts receivable 24141 0 24 141
Forward exchange contracts 2 0 3505 3 505
Receivable group company 10974 0 10 974
Other receivables 1852 0 1 852
Bank deposits and cash 1101 0 1 101
Total current assets 57 384 3 505 60 889
Total assets 72 512 7 873 80 385
EQUITY AND LIABILITIES
Paid in capital 3 700 0 3 700
Other equity 17 917 282 18 199
Total equity 21 617 282 21 899
Pension obligations 1 2 829 3 113 5 942
Deferred tax 5 4 478 4 478
Other long-term debt 1 820 0 1 820
Total non-current liabilities 4 649 7 591 12 240
Liabilities to financial institutions 3 547 547
Accounts payable 4171 0 4 171
Public duties payable 2128 0 2 128
Current liabilities to group companies 35311 0 35 311
Other current liabilities 3 4636 -547 4 089
Total current liabilities 46 246 0 46 246
Total liabilities 50 895 7 591 58 486
Total equity and liabilities 72 512 7 873 80 385
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