Itera — Annual Report 2009

Apr 7, 2010

ITERA CONSULTING GROUP

STATEMENT OF COMPREHENSIVE INCOME 1 JANUARY - 31 DECEMBER

NOK 1000	Note	2009	2008
Operating revenue
Sales revenue		411 456	447 850
Other operating revenue		0	1 000
Total operating revenue		411 456	448 850
Operating expenses
Cost of sales		67 019	74 942
Payroll and personell expenses		268 311	273 936
Depreciation		13 115	12 320
Other operating expenses		36 513	43 489
Total operating expenses		384 957	404 687
Operating profit		26 500	44 163
Other financial income		3 405	2 778
Other financial expense		-566	-544
Net financial items		2 839	2 234
Profit before taxes		29 338	46 397
Income taxes		8 688	12 307
Profit for the year		20 650	34 090
Of which:
Shareholders in the parent company		20 650	34 090
Earnings per share		0.25	0.40
Diluted earnings per share		0.25	0.40
Profit for the year		20 650	34 090
Currency translation differences		-2 100	2 455
Unrealized net loss on investment in foreign subsidiaries		-1 661	-1 776
Total comprehensive income for the year		16 889	34 769
Attributable to:
Shareholders of the parent company		16 889	34 769

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ITERA CONSULTING GROUP

STATEMENT OF FINANCIAL POSITION AS OF 31 DECEMBER

NOK 1000	Note	2009	2008
ASSETES
Fixed assets
Intangible assets
Deferred tax assets		11 721	20 445
Other intangible assets		15 908	12 099
Total intangible assets		27 629	32 544
Tangible fixed assets
Machinery, equipment and software		17 990	19 917
Total tangible assets		17 990	19 917
Total fixed assets		45 619	52 461
Current assets
Work in progress		2 651	4 892
Receivables
Account receivables		42 758	52 449
Other receivables		9 282	8 858
Total receivables		54 691	66 199
Bank deposits		71 655	60 267
Total current assets		126 346	126 466
Total assets		171 965	178 928
Equity and liabilities
Paid-in capital
Share capital		25 602	25 602
Own shares		-802	-466
Total paid-in capital		24 800	25 136
Retained earnings		59 227	62 108
Total retained earnings		59 227	62 108
Total equity		84 027	87 244
Liabilities
Current liabilities
Account payables		14 301	13 478
Tax payable		0	0
Public duties payable		28 660	34 998
Other current liabilities		44 977	43 208
Total current liabilities		87 938	91 684
Total liabilities		87 938	91 684
Total equity and liabilities		171 965	178 928

Oslo, 7 April 2010
The Board of Directors of Itera Consulting Group ASA

Gunnar Gjartz
Styreleder

Mimi K. Berdal
Nestleder

Brita Eilertsen
Styremedlem

John M. Lervik
Styremedlem

Arne Mjøs
Konsernsjef