1-2-TRE AS: årsregnskap 2006 vs 2005
Shrank 6% on revenue
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for 1-2-TRE AS. Revenue 516.6k NOK → 484.5k NOK (-6.2%). Equity -31.3k NOK → -51.2k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1-2-TRE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 516.6k NOK to 484.5k NOK (-6.2% YoY). Calculated
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Operating result weakened
Operating result +39.2k NOK → -23.1k NOK (op. margin 7.6% → -4.8%). Calculated
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Equity eroded
Book equity -31.3k NOK → -51.2k NOK (equity ratio -23.8% → -44.9%). Calculated
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Payroll up without matching revenue
Salary cost 96.2k NOK → 2.14m NOK (19% → 442% of revenue). Calculated
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COGS moved
COGS / varekostnad 179.2k NOK → 224.1k NOK (+25.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -44.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation