A G VIGEMYR AS: årsregnskap 2005 vs 2004
Stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A G VIGEMYR AS. Revenue 23.21m NOK → 22.45m NOK (-3.3%). Net result +78.2k NOK → +562.6k NOK. Equity 965.2k NOK → 527.8k NOK.
On the constructive side: operating result improved; net result improved; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A G VIGEMYR AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +437.9k NOK → +705.3k NOK (op. margin 1.9% → 3.1%). Calculated
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Net result improved
Net result +78.2k NOK → +562.6k NOK (net margin 0.3% → 2.5%). Calculated
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Owners injected capital
Paid-in equity rose 882 NOK → 882.0k NOK (+881.1k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 23.21m NOK to 22.45m NOK (-3.3% YoY). Calculated
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Equity eroded
Book equity 965.2k NOK → 527.8k NOK (equity ratio 13.5% → 8.1%). Calculated
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Cash fell
Bank deposits 3.29m NOK → 1.95m NOK (-40.6% YoY). Calculated
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Payroll up without matching revenue
Salary cost 1.34m NOK → 7.45m NOK (6% → 33% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 19.28m NOK → 18.49m NOK (-4.1% YoY). Calculated