2007-10-25 07:31:28 CEST

2007-10-25 07:31:28 CEST


REGULATED INFORMATION

English Finnish
TJ Group - Quarterly report

TJ GROUP INTERIM REPORT 1 JANUARY-30 SEPTEMBER 2007 (IFRS)


TJ Group Plc Stock Exchange Release October 25, 2007                            


TJ GROUP INTERIM REPORT 1 JANUARY-30 SEPTEMBER 2007 (IFRS)                      
- Net sales EUR 2.55 million (EUR 2.91 million)                                 
- Operating result EUR -0.46 million (EUR 56 thousand)                          
- Result before taxes EUR -0.48 million (EUR -88 thousand)                      
- Equity ratio -76.5% (-13.3%), shareholders' equity/share EUR -0.02            
  (EUR -0,01)                                                                   
- Earnings per share EUR -0.004 (EUR -0.001)                                    


STRUCTURE OF THE GROUP                                                          


During the review period, TJ Group consisted of the subsidiary operating in     
Finland, Documenta Oy, in which the group had 100% ownership, and the parent    
company TJ Group Plc. The company had business operations in Finland only, so   
there are no geographically segmented reports of the net sales, business results
and personnel to be presented.                                                  

In its business operations, TJ Group Plc focuses on developing its customers'   
business processes especially by means of document and workflow management      
systems and development of quality and customer relationship management, with   
the emphasis on the Finnish markets. The company will continue to use the       
operating model in which the operative functions have been centralized into the 
subsidiary/subsidiaries.                                                        

NET SALES                                                                       

TJ Group's net sales for the review period were EUR 2.55 million (EUR 2.91      
million). The comparable net sales of the continuing business operations for 1  
January-30 September 2006 were EUR 2.57 million.                                


RESULT DEVELOPMENT                                                              


TJ Group's operating result for the review period was EUR -0.46 million (EUR 56 
thousand). The comparable operating result of the continuing business operations
for 1 January-30 September 2006 was EUR -0.41 million.                          

The result for the review period was EUR -0.48 million (EUR -88 thousand). The  
comparable result of the continuing business operations for 1 January-30        
September 2006 was EUR -0.56 million.                                           

The other business costs for the review period include EUR 228 thousand in legal
expenses. The financial income includes a registration of change in the market  
value of shares amounting to EUR 121 thousand. The GROUP Technologies AG shares 
owned by the company have been valued at the share price on the last day of each
review period.  The shares are presented in the balance sheet as other financial
assets under long-term assets.                                                  

The costs for employment benefits on the review period were EUR 1.52 million    
(EUR 1.92 million), which equals to 60% of the net sales (66%). The comparable  
costs for employment benefits on 1 January-30 September 2006 were EUR 1.62      
million, which equals to 63% of the net sales. The net sales per person on the  
review period were EUR 64 thousand (EUR 59 thousand).                           

At the end of the review period, the group's equity is negative.  The loss of   
share capital of the company has been registered in the Trade register on 20    
September 2006.                                                                 

THE NET SALES AND RESULT DEVELOPMENT OF THE SUBSIDIARY                          

Documenta Oy                                                                    

Documenta Oy's net sales for the review period 1 January-30 September 2007 were 
EUR 2.57 million (EUR 2.53 million). The operating result was EUR 0.16 million  
(EUR 0.17 million), which is 6% of the net sales.                               

Documenta Oy is a company specializing in software products for digital workflow
and document management, quality management, customer relationship management   
and intensification of operative processes. Documenta offers information        
technology based software, maintenance, operation service and integration       
solutions for companies and public administration. Documenta is also responsible
for reselling the GROUP Technologies AG's iQ-Suite and CRM Suite (Gedys Software
Holding) product families in Finland directly and through its partners. The CEO 
of the company is Asko Ojanen.                                                  


SIGNIFICANT EVENTS IN THE REVIEW PERIOD                                         


On 5 July 2007, the company announced that on 5 July 2007 the Helsinki Court of 
Appeal had passed a judgment concerning the share issue and sales of TJ Group   
Plc in the year 2000 wherein it had sentenced the Member of the Board of the    
company Jyrki Salminen, the Chairman of the Board of the company Tuomo Tilman   
and the CFO of the company to conditional sentences of imprisonment.            
Additionally, the Court had ordered the proceeds of crime benefited by Salminen 
and Tilman forfeited to the state.                                              
The company was imposed a corporate fine of EUR 50,000 and a joint and several  
liability to compensate an aggregate amount of EUR 1,218.57.                    
The Court rejected the confiscation claim of EUR 39,369,600 from the company,   
but released the state from obligation to compensate the legal expenses of the  
company.                                                                        
The view of the company is that the corporate fine and the compensation         
liability imposed on the company are unfounded. The company stated that it shall
apply a leave to appeal from the Supreme Court.                                 

The company announced on 19 July 2007 that the Board of Directors of TJ Group   
Plc had received on 19 July 2007 a notification that the Chairman of the Board  
Tuomo Tilman and a member of the Board of Directors Jyrki Salminen had resigned 
from their duties. Additionally, based on an agreement made on 19 July 2007, the
CFO of the company has transferred to other duties within the group and resigned
from the position as a deputy member of the Board of Directors.                 

The company announced on 3 September 2007 that it had delivered to the Supreme  
Court a petition for leave of appeal and a letter of complaint concerning the   
verdict given by the Helsinki Court of Appeal on 5 July 2007, which orders the  
company to pay a corporate fine of EUR 50,000 and a joint and several           
compensation of EUR 1,250 to the state in the matter concerning the company's   
share issue in the year 2000 and the communications related to it.              


THE CURRENT AUTHORIZATIONS OF THE BOARD OF DIRECTORS                            

The Annual General Meeting on 19 June 2007 authorized the Board of Directors to 
grant new shares against payment in a share issue and to grant special rights in
accordance with the Chapter 10, Section 1 of the Companies Act, including option
rights, which give the right to subscribe shares against payment. The amount of 
new shares issued by the company and new shares subscribed on the basis of      
special rights shall be 26,000,000 at the maximum.                              

The authorization includes the right to grant shares or special rights entitling
to shares in a directed issue, that is, to deviate from the shareholders        
privilege on the basis of the prerequisites specified in the Companies Act. A   
directed share issue requires a weighty financial reason on the part of the     
company, such as financing or implementing acquisitions or other business       
arrangements, implementing incentive systems targeted at the company's          
personnel, or other important financial reason for the company specified by the 
Board of Directors. On the basis of the authorization, the Board of Directors   
has the right to decide on all other terms of the issuing of new shares or      
granting of the mentioned special rights, including the recipients of shares or 
special rights and the amount of compensation to be paid. The authorization     
shall be valid until 31 December 2010.                                          

FINANCING AND INVESTMENTS                                                       

The value of TJ Group's cash and liquid current assets totalled EUR 1.99 million
(EUR 2.64 million) at the end of the review period. The equity ratio of the     
group was -76.5% (-13.3%).                                                      

TJ Group's sales receivables at the end of the review period were EUR 0.31      
million (EUR 0.38 million).                                                     

On the review period, the group's gross investments totalled EUR 29 thousand    
(EUR -0.3 million), which equals to 1% (-9%) of the net sales.                  


RESEARCH AND DEVELOPMENT COSTS                                                  

The research expenses have been entered directly as costs. The product          
development expenses have been entered in accordance with the IAS 38 standard in
such a way that the development expenses for entirely new products and new      
product versions including significant improvements have been activated, if     
their future accumulativeness can be reliably verified. Other product           
development expenses have been entered as costs in the profit and loss statement
at the time they incurred. No product development costs have been activated in  
the balance sheet during the review period.                                     






PERSONNEL                                                                       

At the end of the review period, the group had 39 (42) employees. The group     
employed an average of 40 (49) persons during the review period.                


THE COMPANY'S BOARD OF DIRECTORS AND AUDITORS                                   

As of 5 September 2007, the Board of Directors of TJ Group Plc consists of the  
Chairman of the Board Mikko Salminen and permanent members Hannu Jokela and Jörg
Ott.                                                                            
The auditor selected by the Annual General Meeting is Ernst Young Oy Authorised 
Public Accounting Firm with Arto Tenhula (CA) as the principal accountant.      


SHARES, SHARE CAPITAL, AND SHAREHOLDERS                                         

TJ Group Plc's share capital on 30 September 2007 was EUR 2,569,853.92, and the 
total number of shares was 128,492,696. The countervalue of a share is EUR 0.02.
Shareholders' equity/share was EUR -0,02.  At the end of the review period, the 
equities of the group and the parent company were negative. The loss of share   
capital of the parent company has been registered in the Trade register on 20   
September 2006.                                                                 

At the end of the review period, the company had 14,787 shareholders.           


THE SHARE HOLDING AND WARRANTS OF THE BOARD OF DIRECTORS AND THE MANAGEMENT     

On 30 September 2007, the permanent members of the TJ Group's Board of Directors
and the CEO owned a total of 7,000 company shares, that is, 0.01 percent of the 
company's share capital and votes.  They do not have any warrants.              

For more information on TJ Group's warrant programs, see the company's web site 
at www.tjgroup.fi and www.tjgroup.com.                                          

The company complies to and adapts the Guidelines for Insiders drawn up by the  
Helsinki Exchanges.                                                             


NEAR-TERM OUTLOOK                                                               


TJ Group Plc's goal for 2007 was to increase the group's net sales and improve  
the result compared to 2006. This was pursued by means of organic growth and    
possibly business arrangements. The prerequisite for reaching the goal was that 
the legal process would end in a way favorable to the company.                  

The decision by the Helsinki Court of Appeal on 5 July 2007 is harmful to the   
company and, from the company's point of view, unfounded. The company is seeking
a permission to appeal to the Supreme Court about the decision. In practice, the
continuing of the legal process will prohibit the realization of above-mentioned
business arrangements and will cause additional expenses to the parent company. 
As the legal process continues, it will also harm the operative functions of the
group's subsidiary, especially sales to new customers. Due to the               
above-mentioned reasons, reaching the goals concerning the net sales and result 
in 2007 is not probable.                                                        

The financial statement of TJ Group Plc for 2007 will be published on 12        
February 2008.                                                                  


Espoo, 25 October 2007                                                          

The Board of Directors of TJ Group Plc                                          
Mikko Salminen, Chairman of the Board                                           
Hannu Jokela                                                                    
Jörg Ott                                                                        




CONTACT:                                                                        
TJ Group Plc                                                                    
CEO Hannu Jokela                                                                
Tel. +358 207 916700                                                            


DISTRIBUTION:                                                                   
OMX Nordic Exchange Helsinki                                                    
Main media                                                                      
www.tjgroup.com                                                                 



The figures in the interim report have not been audited.                        
In addition to the                                                              
accounts of the parent company, the interim report of TJ Group Plc consolidates 
the accounts of Documenta Oy.                                                   
The comparison figures for 2006 include the following companies in addition to  
the above mentioned companies: figures for TJ-KiPa Oy (former Key Partners Oy), 
TJ Ohjelmistoprojektit Oy (former Planmill Oy) and TJ Group GmbH.               






--------------------------------------------------------------------------------
| CONSOLIDATED PROFIT & LOSS     |       |         |        |         |        |
| STATEMENT                      |       |         |        |         |        |
--------------------------------------------------------------------------------
|                       |        |       |         |        | Continu |        |
|                       |        |       |         |        | ed      |        |
--------------------------------------------------------------------------------
|                       |        |       |         |        | and     |        |
|                       |        |       |         |        | dis-    |        |
--------------------------------------------------------------------------------
|                       |        |       |         |        | continu |        |
|                       |        |       |         |        | ed      |        |
--------------------------------------------------------------------------------
|                       |        |       | Continued        | operations       |
--------------------------------------------------------------------------------
| (EUR thousand)        |        |       | operations       | in      |        |
|                       |        |       |                  | total   |        |
--------------------------------------------------------------------------------
|                       | 1 Jan- |    %  |  1 Jan- |     %  |  1 Jan- | 1 Jan- |
--------------------------------------------------------------------------------
|                       | 30 Sep |   of  |  30 Sep |    of  |  30 Sep | 31 Dec |
|                       |   2007 |       |    2006 |        |    2006 |        |
--------------------------------------------------------------------------------
|                       |      9 | turno |       9 | turnov |       9 |   2006 |
|                       | months |   ver |  months |     er |  months |        |
--------------------------------------------------------------------------------
|                       |        |       |         |        |         |        |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales             |  2 545 |       |   2 568 |        |   2 905 |  4 323 |
--------------------------------------------------------------------------------
| Change in work in     |     16 |       |       0 |        |       0 |      0 |
| progress,inc(+),dec(- |        |       |         |        |         |        |
| )                     |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Other operating       |     10 |       |     449 |        |     449 |    306 |
| income                |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Income from selling   |      0 |       |     776 |        |   1 351 |  1 351 |
| of business           |        |       |         |        |         |        |
| operations            |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Materials and         |    338 |       |     259 |        |     279 |    631 |
| services              |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Employee benefits     |  1 522 |       |   1 621 |        |   1 918 |  2 519 |
| expenses              |        |       |         |        |         |        |
--------------------------------------------------------------------------------
|                       |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Depreciations         |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Depreciations         |        |       |         |        |         |        |
| according to plan     |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Rents                 |    136 |       |     586 |        |     659 |    700 |
--------------------------------------------------------------------------------
| Marketing expenses    |    139 |       |     656 |        |     685 |    757 |
--------------------------------------------------------------------------------
| Other operating       |     96 |       |      74 |        |      78 |     80 |
| expenses              |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Unprofitable          |    802 |       |   1 392 |        |   1 412 |  3 239 |
| agreements            |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Operating profit/loss |      0 |       |    -382 |        |    -382 |   -382 |
--------------------------------------------------------------------------------
|                       |   -462 | -18,2 |    -413 |  -16,1 |      56 | -1 564 |
|                       |        |     % |         |      % |         |        |
--------------------------------------------------------------------------------
| Financial income and  |        |       |         |        |         |        |
| expenses              |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Interest income and other      |       |         |        |         |        |
| financial income               |       |         |        |         |        |
--------------------------------------------------------------------------------
| Interest expenses and |    182 |       |      23 |        |      27 |     79 |
| other                 |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| financial expenses    |   -199 |       |    -190 |        |    -191 |   -256 |
--------------------------------------------------------------------------------
| Share of profit/loss  |      0 |       |      20 |        |      20 |      0 |
| in associated         |        |       |         |        |         |        |
| companies             |        |       |         |        |         |        |
--------------------------------------------------------------------------------
|                       |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Profit/loss before    |   -479 |       |    -560 |        |     -88 | -1 741 |
| income taxes          |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Income taxes          |        |       |         |        |         |        |
--------------------------------------------------------------------------------
|   Income tax          |      0 |       |       0 |        |       0 |     -1 |
--------------------------------------------------------------------------------
| PROFIT/LOSS FOR THE   |   -479 | -18,8 |    -560 |  -21,8 |     -88 | -1 742 |
| PERIOD                |        |     % |         |      % |         |        |
--------------------------------------------------------------------------------
|                       |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Earnings per share    | -0,004 |       |  -0,004 |        |  -0,001 | -0,014 |
| (undiluted), EUR      |        |       |         |        |         |        |
--------------------------------------------------------------------------------
| Earnings per share    | -0,004 |       |  -0,004 |        |   0,000 | -0,014 |
| (diluted), EUR        |        |       |         |        |         |        |
--------------------------------------------------------------------------------




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| CONSOLIDATED PROFIT AND LOSS STATEMENT BY  QUARTER   |           |           |
--------------------------------------------------------------------------------
|                              |           |           |           |           |
--------------------------------------------------------------------------------
| (EUR thousand)               |           |           |           |     Total |
--------------------------------------------------------------------------------
|                              |    1 Jan- |    1 Apr- |   1 July- |    1 Jan- |
--------------------------------------------------------------------------------
|                              |    31 Mar |    30 Jun |    30 Sep |    30 Sep |
|                              |      2007 |      2007 |      2007 |      2007 |
--------------------------------------------------------------------------------
|                              |  3 months |  3 months |  3 months |  9 months |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales                    |       822 |       958 |       765 |     2 545 |
--------------------------------------------------------------------------------
| Change in work in            |         9 |        -4 |        11 |        16 |
| progress,inc(+),dec(-)       |           |           |           |           |
--------------------------------------------------------------------------------
| Other operating income       |         0 |        10 |         0 |        10 |
--------------------------------------------------------------------------------
| Materials and services       |        94 |       136 |       108 |       338 |
--------------------------------------------------------------------------------
| Employee benefits expenses   |       521 |       621 |       380 |     1 522 |
--------------------------------------------------------------------------------
|                              |           |           |           |           |
--------------------------------------------------------------------------------
| Depreciations                |           |           |           |           |
--------------------------------------------------------------------------------
| Depreciations according to   |        46 |        46 |        44 |       136 |
| plan                         |           |           |           |           |
--------------------------------------------------------------------------------
| Rents                        |        40 |        49 |        50 |       139 |
--------------------------------------------------------------------------------
| Marketing expenses           |        58 |        16 |        22 |        96 |
--------------------------------------------------------------------------------
| Other operating expenses     |       187 |       266 |       349 |       802 |
--------------------------------------------------------------------------------
| Operating profit/loss        |      -115 |      -170 |      -177 |      -462 |
--------------------------------------------------------------------------------
|                              |           |           |           |           |
--------------------------------------------------------------------------------
| Financial income and         |           |           |           |           |
| expenses                     |           |           |           |           |
--------------------------------------------------------------------------------
| Interest income and other    |       346 |        32 |      -196 |       182 |
| financial income             |           |           |           |           |
--------------------------------------------------------------------------------
| Interest expenses and other  |       -66 |       -69 |       -64 |      -199 |
| financial expenses           |           |           |           |           |
--------------------------------------------------------------------------------
|                              |           |           |           |           |
--------------------------------------------------------------------------------
| Profit/loss before income    |       165 |      -207 |      -437 |      -479 |
| taxes                        |           |           |           |           |
--------------------------------------------------------------------------------
| Income taxes                 |         0 |         0 |         0 |         0 |
--------------------------------------------------------------------------------
| PROFIT/LOSS FOR THE PERIOD   |       165 |      -207 |      -437 |      -479 |
--------------------------------------------------------------------------------





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| CONSOLIDATED BALANCE SHEET            |            |            |            |
--------------------------------------------------------------------------------
| (EUR thousand)                        |            |            |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| ASSETS                                |     30 Sep |     30 Sep |     31 Dec |
|                                       |       2007 |       2006 |       2006 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| NON-CURRENT ASSETS                    |            |            |            |
--------------------------------------------------------------------------------
| Intangible assets                     |            |            |            |
--------------------------------------------------------------------------------
|    Intangible rights                  |        258 |        267 |        316 |
--------------------------------------------------------------------------------
|    Tangible assets                    |        122 |        151 |        171 |
--------------------------------------------------------------------------------
|    Other capitalized expenditure      |      1 093 |      2 367 |        972 |
--------------------------------------------------------------------------------
| Non-current assets total              |      1 473 |      2 785 |      1 459 |
--------------------------------------------------------------------------------
|                                       |            |            |            |
--------------------------------------------------------------------------------
| CURRENT ASSETS                        |            |            |            |
--------------------------------------------------------------------------------
|                                       |            |            |            |
--------------------------------------------------------------------------------
|    Work in progress                   |         16 |          0 |          0 |
--------------------------------------------------------------------------------
|    Trade receivables                  |        305 |        379 |      1 595 |
--------------------------------------------------------------------------------
|    Other current assets               |        155 |        707 |        125 |
--------------------------------------------------------------------------------
|    Cash and cash equivalents          |      1 987 |      2 641 |      3 084 |
--------------------------------------------------------------------------------
| Current assets total                  |      2 463 |      3 727 |      4 804 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| TOTAL ASSETS                          |      3 936 |      6 512 |      6 263 |
--------------------------------------------------------------------------------
|                                       |            |            |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| SHAREHOLDERS' EQUITY AND LIABILITIES  |     30 Sep |     30 Sep |     31 Dec |
|                                       |       2007 |       2006 |       2006 |
--------------------------------------------------------------------------------
|                                       |            |            |            |
--------------------------------------------------------------------------------
| Equity attributable to equity holders |            |            |            |
| of the parent                         |            |            |            |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Share capital                         |      2 570 |      2 570 |      2 570 |
--------------------------------------------------------------------------------
| Premium reserve                       |     65 142 |     65 142 |     65 142 |
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| Retained earnings                     |    -70 233 |    -68 491 |    -68 491 |
--------------------------------------------------------------------------------
| Profit/loss for the period            |       -479 |        -88 |     -1 742 |
--------------------------------------------------------------------------------
| TOTAL SHAREHOLDERS' EQUITY            |     -3 000 |       -867 |     -2 521 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Long-term liabilities                 |            |            |            |
--------------------------------------------------------------------------------
|    Convertible loans                  |      4 500 |      4 500 |      4 500 |
--------------------------------------------------------------------------------
|    Interest-bearing liabilities       |      2 033 |      2 061 |      2 033 |
--------------------------------------------------------------------------------
| Long-term liabilities total           |      6 533 |      6 561 |      6 533 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Current liabilities                   |            |            |            |
--------------------------------------------------------------------------------
|    Interest-bearing liabilities       |          0 |         46 |        128 |
--------------------------------------------------------------------------------
|    Trade payables                     |        257 |        164 |        787 |
--------------------------------------------------------------------------------
|    Other current liabilities          |        112 |         73 |        351 |
--------------------------------------------------------------------------------
|    Accrued liabilities                |         34 |        535 |        985 |
--------------------------------------------------------------------------------
| Current liabilities total             |        403 |        818 |      2 251 |
--------------------------------------------------------------------------------
|                                       |            |            |            |
--------------------------------------------------------------------------------
| TOTAL SHAREHOLDERS' EQUITY AND        |      3 936 |      6 512 |      6 263 |
| LIABILITIES                           |            |            |            |
--------------------------------------------------------------------------------


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| CONSOLIDATED CASH FLOW STATEMENT   |            |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| (EUR thousand)                     | 1 Jan-     | 1 Jan-      | 1 Jan-       |
--------------------------------------------------------------------------------
|                                    | 30 Sep     | 30 Sep 2006 | 31 Dec 2006  |
|                                    | 2007       |             |              |
--------------------------------------------------------------------------------
| Cash flow from operating           | 9 months   | 9 months    | 12 months    |
| activities                         |            |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Operating profit/loss              |       -462 |          56 |       -1 564 |
--------------------------------------------------------------------------------
| Amendments:                        |            |             |              |
--------------------------------------------------------------------------------
| Booking of shares at current       |       -121 |           0 |        1 399 |
| price, no                          |            |             |              |
--------------------------------------------------------------------------------
|    payment transaction             |            |             |              |
--------------------------------------------------------------------------------
| Depreciations                      |        136 |         659 |          700 |
--------------------------------------------------------------------------------
| Change in working capital:         |            |             |              |
--------------------------------------------------------------------------------
| Change in trade and other          |      1 260 |       1 251 |        1 582 |
| receivables                        |            |             |              |
--------------------------------------------------------------------------------
| Change in trade and other payables |     -1 720 |      -1 581 |       -1 195 |
--------------------------------------------------------------------------------
|    Change in work in progress      |        -16 |           0 |            0 |
--------------------------------------------------------------------------------
| Interests received                 |         61 |          27 |           79 |
--------------------------------------------------------------------------------
| Interests paid                     |       -199 |        -191 |         -256 |
--------------------------------------------------------------------------------
| Other financial items              |        121 |          20 |            0 |
--------------------------------------------------------------------------------
| Income taxes, paid                 |          0 |           0 |           -1 |
--------------------------------------------------------------------------------
| Cash flow from operating           |       -940 |         241 |          744 |
| activities total                   |            |             |              |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow/investments              |            |             |              |
--------------------------------------------------------------------------------
| Investments in intangible and      |        -29 |         271 |          157 |
| tangible assets                    |            |             |              |
--------------------------------------------------------------------------------
| Cash flow/investments total        |        -29 |         271 |          157 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Cash flow/financing                |            |             |              |
--------------------------------------------------------------------------------
| Repayment of loans                 |       -128 |        -142 |         -122 |
--------------------------------------------------------------------------------
| Increase in loans                  |          0 |           0 |           34 |
--------------------------------------------------------------------------------
| Cash flow/financing total          |       -128 |        -142 |          -88 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Change in liquid funds             |     -1 097 |         370 |          813 |
--------------------------------------------------------------------------------
| according to the cash flow         |            |             |              |
| statement                          |            |             |              |
--------------------------------------------------------------------------------
| Change in liquid funds             |     -1 097 |         370 |          813 |
--------------------------------------------------------------------------------
| Liquid funds opening balance       |      3 084 |       2 271 |        2 271 |
--------------------------------------------------------------------------------
| Liquid funds closing balance       |      1 987 |       2 641 |        3 084 |
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| KEY FIGURES                   |              |             |            |    |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
|                               |              |             |            |    |
--------------------------------------------------------------------------------
|                               |       1 Jan- |      1 Jan- |     1 Jan- |    |
--------------------------------------------------------------------------------
|                               |  30 Sep 2007 | 30 Sep 2006 | 31 Dec     |    |
|                               |              |             | 2006       |    |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net sales, EUR million        |         2,55 |        2,91 |       4,32 |    |
--------------------------------------------------------------------------------
| Operating profit/loss, EUR    |        -0,46 |        0,06 |      -1,56 |    |
| million                       |              |             |            |    |
--------------------------------------------------------------------------------
|    % of net sales             |       -18,2% |        1,9% |     -36,2% |    |
--------------------------------------------------------------------------------
| Cash flow from operations,    |        -0,94 |        0,24 |       0,74 |    |
| EUR million                   |              |             |            |    |
--------------------------------------------------------------------------------
| Return on equity, %  1) and   |       23,1 % |      14,3 % |    105,6 % |    |
| 2)                            |              |             |            |    |
--------------------------------------------------------------------------------
| Return on investment, % 2)    |       -2,8 % |       2,3 % |    -29,4 % |    |
--------------------------------------------------------------------------------
| Interest bearing net debt,    |          4,5 |         4,0 |        3,6 |    |
| EUR million                   |              |             |            |    |
--------------------------------------------------------------------------------
| Net debt to equity (Net       |     -151,5 % |    -457,4 % |   -141,9 % |    |
| Gearing), %                   |              |             |            |    |
--------------------------------------------------------------------------------
| Equity ratio, %               |      -76,5 % |     -13,3 % |    -40,5 % |    |
--------------------------------------------------------------------------------
| Gross investments             |         0,03 |        -0,3 |       -1,6 |    |
--------------------------------------------------------------------------------
|    % of net sales             |          1 % |        -9 % |    -36,0 % |    |
--------------------------------------------------------------------------------
| Personnel at the end of the   |           39 |          42 |         42 |    |
| period                        |              |             |            |    |
--------------------------------------------------------------------------------
| Personnel average             |           40 |          49 |         49 |    |
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| Employee benefits             |           38 |          39 |         51 |    |
| expenses/person,              |              |             |            |    |
--------------------------------------------------------------------------------
| EUR thousand                  |              |             |            |    |
--------------------------------------------------------------------------------
| KEY FIGURES PER SHARE         |              |             |            |    |
--------------------------------------------------------------------------------
| Earnings/share, euro          |       -0,004 |      -0,001 |     -0,014 |    |
--------------------------------------------------------------------------------
| Shareholders' equity per      |        -0,02 |       -0,01 |      -0,02 |    |
| share, euro                   |              |             |            |    |
--------------------------------------------------------------------------------
|                               |              |             |            |    |
--------------------------------------------------------------------------------
| 1) Both indicator and devider |              |             |            |    |
| are negative.                 |              |             |            |    |
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|                               |              |             |            |    |
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|                               |              |             |            |    |
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| 2) The percentages for return on equity and  |             |            |    |
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|     return on investment have been adjusted                |            |    |
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|     to reflect the figures for a 12-month period.          |            |    |
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| STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY      |               |          |
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| (EUR thousand)            | Share    | Share      | Retained      | Total    |
|                           | capital  | premium    | earnings      |          |
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| SHAREHOLDERS' EQUITY 1    |    2 570 |     65 142 |       -70 233 |   -2 521 |
| Jan 2007                  |          |            |               |          |
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| Profit for the period     |          |            |          -479 |     -479 |
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|                           |          |            |               |          |
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| SHAREHOLDERS' EQUITY 30   |    2 570 |     65 142 |       -70 712 |   -3 000 |
| Sep 2007                  |          |            |               |          |
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| (EUR thousand)            | Share    | Share      | Retained      | Total    |
|                           | capital  | premium    | earnings      |          |
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| SHAREHOLDERS' EQUITY 1    |    2 570 |     65 142 |       -68 491 |     -779 |
| Jan 2006                  |          |            |               |          |
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| Profit for the period     |          |            |           -88 |      -88 |
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|                           |          |            |               |          |
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| SHAREHOLDERS' EQUITY 30   |    2 570 |     65 142 |       -68 579 |     -867 |
| Sep 2006                  |          |            |               |          |
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