3 TS INDUSTRISERVICE AS: årsregnskap 2005 vs 2004
Grew 24% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for 3 TS INDUSTRISERVICE AS. Revenue 9.53m NOK → 11.82m NOK (+24.0%). Equity 572.7k NOK → 179.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3 TS INDUSTRISERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.53m NOK to 11.82m NOK (+24.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +962.9k NOK → +218.0k NOK (op. margin 10.1% → 1.8%). Calculated
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↓
Equity eroded
Book equity 572.7k NOK → 179.7k NOK (equity ratio 12.1% → 2.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4.31m NOK → 4.57m NOK (45% → 39% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.61m NOK → 2.44m NOK (+51.2% YoY). Calculated