4U HAIR BODY STYLE AS: årsregnskap 2006 vs 2005
Shrank 38% on revenue, weaker earnings, fresh owner capital
approved 2008-03-11; registry 2008-05-16
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for 4U HAIR BODY STYLE AS. Revenue 5.33m NOK → 3.30m NOK (-38.0%). Net result -307.8k NOK → -370.7k NOK. Equity -647.8k NOK → -982.5k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4U HAIR BODY STYLE AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 800 NOK → 800.0k NOK (+799.2k NOK). Reported fact
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Payroll decreased
Salary cost 1.80m NOK → 1.31m NOK (34% → 40% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.33m NOK to 3.30m NOK (-38.0% YoY). Calculated
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Operating result weakened
Operating result -144.1k NOK → -178.3k NOK (op. margin -2.7% → -5.4%). Calculated
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Net result weakened
Net result -307.8k NOK → -370.7k NOK (net margin -5.8% → -11.2%). Calculated
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Equity eroded
Book equity -647.8k NOK → -982.5k NOK (equity ratio -22.5% → -32.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -32.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 2.24m NOK → 1.35m NOK (-39.9% YoY). Calculated