A EGGEN AS: årsregnskap 2005 vs 2004
Mixed movements in the accounts
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A EGGEN AS. Revenue 8.81m NOK → 8.84m NOK (+0.4%). Equity 316.7k NOK → 402.7k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A EGGEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.81m NOK to 8.84m NOK (+0.4% YoY). Calculated
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↑
Equity strengthened
Book equity 316.7k NOK → 402.7k NOK (equity ratio 10.0% → 7.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.81× → 2.33×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +437.4k NOK → +356.9k NOK (op. margin 5.0% → 4.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.77m NOK → 1.85m NOK (20% → 21% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.33m NOK → 5.56m NOK (+4.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 10.26m NOK → 9 255 NOK. Reported fact