A Amundsen Skotøyforretning AS: årsregnskap 2005 vs 2004
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A Amundsen Skotøyforretning AS. Revenue 14.29m NOK → 14.47m NOK (+1.2%). Equity 984.4k NOK → 292.7k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for A Amundsen Skotøyforretning AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.29m NOK to 14.47m NOK (+1.2% YoY). Calculated
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↑
Operating result improved
Operating result +600.0k NOK → +645.6k NOK (op. margin 4.2% → 4.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 984.4k NOK → 292.7k NOK (equity ratio 10.0% → 2.9%). 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
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·
Payroll increased
Salary cost 3.63m NOK → 3.88m NOK (25% → 27% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 7.80m NOK → 7.26m NOK (-6.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 60.4k NOK → 30.4k NOK. Reported fact