9.NUT AS: årsregnskap 2005 vs 2004
Grew 15848% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for 9.NUT AS. Revenue 3 967 NOK → 632.7k NOK (+15848.3%). Net result -43.1k NOK → -582.2k NOK. Equity 33.4k NOK → -548.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 9.NUT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3 967 NOK to 632.7k NOK (+15848.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +3 193 NOK → +1 695 NOK (op. margin 80.5% → 0.3%). Calculated
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↓
Net result weakened
Net result -43.1k NOK → -582.2k NOK (net margin -1087.6% → -92.0%). Calculated
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↓
Equity eroded
Book equity 33.4k NOK → -548.8k NOK (equity ratio 362.5% → -2.9%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.14× → 0.31× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation