A BIRKELAND TRAPPESNEKKERI AS: årsregnskap 2005 vs 2004
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A BIRKELAND TRAPPESNEKKERI AS. Revenue 1.85m NOK → 1.81m NOK (-1.9%). Equity 286.8k NOK → 83.3k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A BIRKELAND TRAPPESNEKKERI AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 627.8k NOK → 622.5k NOK (34% → 34% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.85m NOK to 1.81m NOK (-1.9% YoY). Calculated
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↓
Operating result weakened
Operating result +127.9k NOK → -1 362 NOK (op. margin 6.9% → -0.1%). Calculated
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↓
Equity eroded
Book equity 286.8k NOK → 83.3k NOK (equity ratio 17.2% → 4.3%). Calculated
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↓
COGS moved
COGS / varekostnad 481.8k NOK → 528.0k NOK (+9.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation