3RW ARKITEKTER AS: årsregnskap 2005 vs 2004
Shrank 27% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for 3RW ARKITEKTER AS. Revenue 4.31m NOK → 3.14m NOK (-27.2%). Equity 261.6k NOK → -146.5k NOK.
On the constructive side: payroll decreased. 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 3RW ARKITEKTER AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 2.95m NOK → 2.73m NOK (68% → 87% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.31m NOK to 3.14m NOK (-27.2% YoY). Calculated
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↓
Operating result weakened
Operating result +11.9k NOK → -372.8k NOK (op. margin 0.3% → -11.9%). Calculated
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↓
Equity eroded
Book equity 261.6k NOK → -146.5k NOK (equity ratio 19.5% → -15.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -15.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 639.8k NOK → 126.2k NOK (-80.3% YoY). Calculated