88 INVEST AS: årsregnskap 2006 vs 2005
Grew 93% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for 88 INVEST AS. Revenue 193.7k NOK → 373.2k NOK (+92.6%). Net result +1 641 NOK → +28.7k NOK. Equity 202.2k NOK → 230.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 88 INVEST AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 193.7k NOK to 373.2k NOK (+92.6% YoY). Calculated
-
↑
Operating result improved
Operating result +44 NOK → +88.9k NOK (op. margin 0.0% → 23.8%). Calculated
-
↑
Net result improved
Net result +1 641 NOK → +28.7k NOK (net margin 0.8% → 7.7%). Calculated
-
↑
Equity strengthened
Book equity 202.2k NOK → 230.9k NOK (equity ratio 6245.2% → 4.4%). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 89.3k NOK → 31.4k NOK (-64.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 175.7k NOK → 161.3k NOK (-8.2% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 40 NOK → 1 723 NOK. Reported fact