A E TUFTE AS: årsregnskap 2005 vs 2004
Grew 23% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A E TUFTE AS. Revenue 484.9k NOK → 594.1k NOK (+22.5%). Net result -61.5k NOK → +322.8k NOK. Equity 924.9k NOK → 628.6k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; cogs fell. All figures are taken from the published annual accounts for A E TUFTE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 484.9k NOK to 594.1k NOK (+22.5% YoY). Calculated
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↑
Operating result improved
Operating result -28.8k NOK → +264.2k NOK (op. margin -5.9% → 44.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 61.5k NOK to a profit of 322.8k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 924.9k NOK → 628.6k NOK (equity ratio 21.2% → 13.4%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 791.4k NOK → 180.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 5 NOK → 6.11m NOK (0% → 1029% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 14.4k NOK → 3 416 NOK (-76.2% YoY). Calculated