5895 INVEST AS: årsregnskap 2006 vs 2005
Shrank 42% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for 5895 INVEST AS. Revenue 966.8k NOK → 562.8k NOK (-41.8%). Net result -24.0k NOK → +95.7k NOK. Equity 18.2k NOK → 113.9k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 5895 INVEST AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -10.0k NOK → +180.4k NOK (op. margin -1.0% → 32.1%). Calculated
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Turned profitable
Net result flipped from a loss of 24.0k NOK to a profit of 95.7k NOK. Calculated
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Equity strengthened
Book equity 18.2k NOK → 113.9k NOK (equity ratio 26.2% → 9.9%). Calculated
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Current ratio back above 1×
Current ratio 0.79× → 3.36×. Calculated
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Payroll decreased
Salary cost 450.3k NOK → 114.9k NOK (47% → 20% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 966.8k NOK to 562.8k NOK (-41.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 170.0k NOK → 230.8k NOK. Reported fact