PARENT COMPANY The Parent Company's sales totalled SEK 0.4 (4.3) million. Intergroup invoicing accounted for SEK 0.4 (3.5) million of this amount. The result after financial items was SEK -22.7 (-5.6) million. The Parent Company's disposable liquid funds, including unutilised credit facilities, amounted to SEK 22.1 (5.0) million. There were no investments during the period. FORECAST FOR 2005 The Group has six wholly-owned and two part-owned vessels on order and under construction but currently has no vessels in service. The Group's revenue and result will mainly be generated by share dividends from Arlington Tankers and interest income from investments and bank funds. The time charter contract for the two V-MAX tankers, which was signed in conjunction with their sale to Arlington Tankers, is expected to generate a break-even result. Apart from the V-MAX tankers, it is anticipated that the Group will conduct a limited amount of chartering in and out.