A. HANSEN GRUPPEN AS: årsregnskap 2005 vs 2004
Grew 6% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A. HANSEN GRUPPEN AS. Revenue 25.18m NOK → 26.65m NOK (+5.8%). Equity 835.7k NOK → 315.5k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A. HANSEN GRUPPEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 25.18m NOK to 26.65m NOK (+5.8% YoY). Calculated
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↑
Operating result improved
Operating result +423.3k NOK → +728.1k NOK (op. margin 1.7% → 2.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 835.7k NOK → 315.5k NOK (equity ratio 11.8% → 4.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 5.79m NOK → 6.17m NOK (23% → 23% of revenue). Calculated
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COGS moved
COGS / varekostnad 11.41m NOK → 15.55m NOK (+36.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 25.0k NOK → 37.0k NOK. Reported fact