3ANGLE AS: årsregnskap 2005 vs 2004
Shrank 31% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for 3ANGLE AS. Revenue 389.0k NOK → 268.5k NOK (-31.0%). Equity 12.7k NOK → 2 922 NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3ANGLE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 389.0k NOK to 268.5k NOK (-31.0% YoY). Calculated
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Operating result weakened
Operating result +50.1k NOK → -9 681 NOK (op. margin 12.9% → -3.6%). Calculated
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↓
Equity eroded
Book equity 12.7k NOK → 2 922 NOK (equity ratio 10.8% → 6.7%). Calculated
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Payroll up without matching revenue
Salary cost 2 004 NOK → 126.1k NOK (1% → 47% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 69.8k NOK → 44.8k NOK (-35.8% YoY). Calculated