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Org.nr 985 233 632 2004 → 2005 Year-over-year analysis

2TAL ELEKTRO AS: årsregnskap 2005 vs 2004

Shrank 31% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2005 with 2004 for 2TAL ELEKTRO AS. Revenue 18.04m NOK → 12.38m NOK (-31.4%). Net result +853.6k NOK → +521.9k NOK. Equity 832.7k NOK → 253.8k NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2TAL ELEKTRO AS.

At a glance

Scorecard

Revenue
18.04m NOK 12.38m NOK
-31.4%
Operating result
+16.8k NOK +752.4k NOK
+4383.5%
Net result
+853.6k NOK +521.9k NOK
-38.9%
Equity
832.7k NOK 253.8k NOK
-69.5%
Total assets
8.24m NOK 1.11m NOK
-86.6%

What improved

  • ↑

    Operating result improved

    Operating result +16.8k NOK → +752.4k NOK (op. margin 0.1% → 6.1%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 18.04m NOK to 12.38m NOK (-31.4% YoY). Calculated

  • ↓

    Net result weakened

    Net result +853.6k NOK → +521.9k NOK (net margin 4.7% → 4.2%). Calculated

  • ↓

    Equity eroded

    Book equity 832.7k NOK → 253.8k NOK (equity ratio 10.1% → 22.9%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 4.92m NOK → 4.93m NOK (27% → 40% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 6.93m NOK → 4.62m NOK (-33.3% YoY). Calculated