English version - Hexagon Composites ASA

COMROD COMMUNICATION ASA – LISTING ON THE OSLO STOCK EXCHANGE
7.2.5 Income statement, NGAAP versus IFRS 2004
(in NOK 1000) 2004
01.01-31.12
2004
01.01-31.12
2004
01.01-31.12
NGAAP IFRS just. IFRS
Operating revenues 106 772 -35 106 737
Operating expenses
Change in Work In Progress -658 0 -658
Cost of materials 31 156 0 31 156
Payroll and social security expenses 34 154 165 34 319
Depreciation 1 857 0 1 857
Other operating expenses 13 388 -35 13 353
Total operating expenses 79 897 130 80 027
Operating profit/loss 26 875 -165 26 710
Financial income/expenses
Interest received 135 0 135
Other financial income 1 212 161 1 373
Other interest paid -1 143 0 -349
Other financial expenses -2064 0 -1 143
Net financial income/expenses -1 860 161 -1 699
Profit before tax 25 015 -4 25 011
Taxes 6949 7 6 956
Profit for the year 18 066 -11 18 055
7.3 Historical financial statements
Below are the IFRS adjusted financial statements of Comrod AS for the accounting years 2004 and
2005 and the audited NGAAP financial statement for the accounting year 2003, as well as for the
interim periods ending 30 September 2006 and 2005. The figures per 30 September 2006 have been
subject to a limited review. The figures per 30 September 2005 has not been subject to a limited
review.
The historical financial statements presented does not include Fidulerc/Lerc except for the balance
sheet at 30 September 2006 and income statement for the 3 rd quarter 2006. Fidulerc SA and its
subsidiary Lerc SA was acquired 29 June 2006. The purchase was subject to approval of French
authorities regarding competitive regulations. Comrod AS received the necessary approval by French
authorities medio September 2006. Consequently, consolidation and purchase price allocation of
Fidulerc/Lerc started medio September 2006.
The historical financial statements for Fidulerc SA and Lerc SA for 2005 translated from French can
be found in appendix 7 and 8 respectively.
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