12MR FRAMNÆS AS: årsregnskap 2006 vs 2005
Shrank 25% on revenue
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for 12MR FRAMNÆS AS. Revenue 83.4k NOK → 62.3k NOK (-25.3%). Equity -240.9k NOK → -1.32m NOK.
On the constructive side: current ratio back above 1×. 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 12MR FRAMNÆS AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.29× → 1.38×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 83.4k NOK to 62.3k NOK (-25.3% YoY). Calculated
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↓
Operating result weakened
Operating result -242.4k NOK → -1.07m NOK (op. margin -290.7% → -1725.3%). Calculated
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↓
Equity eroded
Book equity -240.9k NOK → -1.32m NOK (equity ratio -10.6% → -62.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -62.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation