A BYGG GRUPPEN AS: årsregnskap 2005 vs 2004
Shrank 65% on revenue, slipped into loss, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A BYGG GRUPPEN AS. Revenue 668.6k NOK → 235.8k NOK (-64.7%). Net result +15.02m NOK → -181.7k NOK. Equity 2.47m NOK → 2.29m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for A BYGG GRUPPEN AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -1.54m NOK → -1.37m NOK (op. margin -230.0% → -580.7%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 668.6k NOK to 235.8k NOK (-64.7% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 15.02m NOK profit to a loss of 181.7k NOK. Calculated
-
↓
Equity eroded
Book equity 2.47m NOK → 2.29m NOK (equity ratio 10.0% → 9.3%). Calculated
-
↓
Cash fell
Bank deposits 8.18m NOK → 8 NOK (-100.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 9.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (8.18m NOK → 8 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 13.83m NOK → 16.06m NOK. Reported fact