Higher School of Insurance and Finance JSC - Sofia

1. Profitability
	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
1.1. Return on sales	-2.62	-2.27	-2.51	-2.20	-1.91	-1.56	0.18	-0.45	-0.60	-0.66	-16.50
1.2. Return on Shareholders' Equity	0.22	0.23	0.30	0.36	0.46	0.67	-0.70	0.61	0.78	1.12	-16.50
1.3. Return on liabilities	-0.09	-0.08	-0.11	-0.11	-0.11	-0.15	0.16	-0.45	-0.38	-0.84	-4.40
2. Liquidity
2.1. Current liquidity	1.64	1.06	0.18	0.21	0.10	0.50	0.26	0.06	0.27	0.16	1.07
2.2. Acid test liquidity	1.61	1.00	0.15	0.19	0.08	0.21	0.25	0.05	0.26	0.16	1.07
2.3. Absolute liquidity	-	-	-	0.02	0.00	-	0.03	0.00	0.17	0.14	1.07
3. Autonomity
3.1. Financial autonomity	-0.68	-0.57	-0.54	-0.44	-0.32	-0.30	-0.29	-2.74	-0.97	-3.00	0.21
3.2. Debt ratio	-1.46	-1.76	-1.84	-2.28	-3.13	-3.36	-3.41	-0.37	-1.03	-0.33	4.75
4. Turnover
4.1. Stock turnover, days	-	-	-	2.21	1.15	2.42	2.49	4.05	1.85	-	-
4.2. Stock turnover, times per year	n.a.	n.a.	n.a.	163.00	312.00	149.00	144.67	88.83	195.00	n.a.	n.a.
4.3. Receivables turnover, days	1 167.78	756.95	292.56	220.86	311.54	222.28	71.34	10.13	31.38	6.43	-
5. Effectiveness
5.1. Expenses effectiveness	0.30	0.32	0.29	0.32	0.35	0.39	1.22	0.69	0.64	0.65	0.08
5.2. Revenues effectiveness	3.34	3.17	3.46	3.14	2.87	2.55	0.82	1.45	1.57	1.54	12.00
6. Financial stability
6.1. Working capital owned by the company (WCO)	-10 444.00	-9 427.00	-7 780.00	-6 326.00	-4 945.00	-2 563.00	-803.00	-507.00	-235.00	-37.00	3.00
6.2. Permanent working capital (PWC)	575.00	100.00	-1 439.00	-882.00	-2 930.00	-426.00	-803.00	-507.00	-235.00	-37.00	3.00
6.3. Principal stocks forming sources (PSFS)	1 395.00	897.00	383.00	247.00	380.00	461.00	207.00	24.00	69.00	7.00	18.00
6.4. Financial stability	n.a.	n.a.	n.a.	non-stable	non-stable	non-stable	non-stable	non-stable	non-stable	n.a.	n.a.
7. Other ratios
7.1. Financial result per share	-0.02	-0.01	-0.01	-0.01	-0.01	-0.01	0.00	0.00	0.00	0.00	0.00