3T EIENDOM AS: årsregnskap 2005 vs 2004
Shrank 99% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for 3T EIENDOM AS. Revenue 638.0k NOK → 5 103 NOK (-99.2%). Equity 7.99m NOK → 1.37m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 3T EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -105.0k NOK → +377.4k NOK (op. margin -16.5% → 7395.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 638.0k NOK to 5 103 NOK (-99.2% YoY). Calculated
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↓
Equity eroded
Book equity 7.99m NOK → 1.37m NOK (equity ratio 58.4% → 3.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 787.4k NOK → 9.03m NOK. Reported fact