3 - BYGG HOLDING AS: årsregnskap 2005 vs 2004
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for 3 - BYGG HOLDING AS. Revenue 7.38m NOK → 7.56m NOK (+2.5%). Net result +636 NOK → 0 NOK. Equity 739.8k NOK → 632.5k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 3 - BYGG HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.38m NOK to 7.56m NOK (+2.5% YoY). Calculated
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↑
Operating result improved
Operating result +2.21m NOK → +2.84m NOK (op. margin 29.9% → 37.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 739.8k NOK → 632.5k NOK (equity ratio 10.0% → 5.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.32× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 3.46m NOK. Reported fact