Five-year summary

Financial statements

INCOME STATEMENTS	2009	2008	2007	2006	2005
Sales	72,379	126,904	64,266	181,402	14,812
Operating expenses	-105,323	-99,559	-69,599	-104,062	-28,724
Operating profit/loss	-32,944	27,345	-5,333	77,340	-13,912
Financial items	345	3,044	1,856	831	181
Profit/loss before tax	-32,599	30,389	-3,477	78,171	-13,731
Tax	8,619	-9,588	959	-21,900	46,624
Profit/loss for the period	-23,980	20,801	-2,518	56,271	32,893

BALANCE SHEETS	2009	2008	2007	2006	2005
Fixed assets	25,985	17,187	29,210	30,141	54,379
Current assets	112,026	288,879	115,155	114,191	20,884
Total assets	138,011	306,066	144,365	144,332	75,263
Shareholders' equity	111,101	145,878	125,077	127,595	68,804
Long-term liabilities	7,545	0	0	0	0
Current liabilities	19,365	160,188	19,288	16,737	6,459
Total equity and liabilities	138,011	306,066	144,365	144,332	75,263

DATA PER SHARE	2009	2008	2007	2006	2005
Earnings per share 31/12, SEK	-0.11	0.09	-0.01	0.26	0.15
Equity per share, SEK	0.51	0.67	0.57	0.59	0.32
Dividend per share, SEK	0	0.05	0	0	0
Share price 31/12, SEK	2.24	1.62	2.85	5.50	3.05
P/E ratio	Neg	18.00	Neg	21.15	19.8
Number of shares at end of period before full conversion 1), thousand	215,927	215,927	215,927	215,927	213,927
Number of shares at end of period after full conversion 1), thousand	215,927	215,927	215,927	215,927	215,927
Average number of shares during the period before full conversion 1), thousand	215,927	215,927	215,927	214,497	213,927

1) In order to facilitate comparison between the years, the number of shares at the end of each period has been adjusted to take into consideration split and bonus issues.

KEY FIGURES & RATIOS	2009	2008	2007	2006	2005
Adjusted equity (SEK)	111,101	145,878	125,077	127,595	68,804
Capital employed	111,101	145,878	125,077	127,595	68,804
Interest-bearing liabilities	7,545	0	0	0	0
Return on equity, %	Neg	15	Neg	57	63
Return on capital employed, %	Neg	23	Neg	79	Neg
Operating margin, %	Neg	21	Neg	43	Neg
Net margin, %	Neg	16	Neg	31	222
Rate of asset turnover, multiple	0.56	0.93	0.50	1.85	0.3
Equity/assets ratio, %	80	47	86	88	91
Proportion of risk-bearing capital, %	80	47	86	88	91
Cash flow for the year	-37,250	-33,542	2,432	78,131	-11,134
Investments in tangible fixed assets	135	176	763	1,010	137
Investments in intangible fixed assets	462	0	0	0	0
Investments in development costs	0	0	0	0	0
Average number of employees	42	38	34	28	19

Definitions of key figures & ratios

Equity and capital

Adjusted equity	Reported shareholders' equity plus untaxed reserves after deduction for deferred tax at the current rate of tax.
Capital employed	Total assets less non-interest-bearing liabilities including deferred tax liabilities in untaxed reserves.

Profitability

Return on equity	Net profit as a percentage of average adjusted equity.
Return on capital employed	Profit after net financial items plus financial costs as a percentage of average capital employed.
Operating margin	Profit after depreciation as a percentage of the year's invoicing.
Net margin	Net profit as a percentage of the year's invoicing.

Sundry

Rate of asset turnover	The year's invoicing divided by average capital employed.
Equity/assets ratio	Adjusted equity as a percentage of total assets.
Risk-bearing capital	Adjusted equity plus deferred tax liabilities in untaxed reserves as a percentage of total assets.