A HØIBO AS: årsregnskap 2006 vs 2005
Shrank 10% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for A HØIBO AS. Revenue 21.70m NOK → 19.44m NOK (-10.4%). Net result +338.5k NOK → -822.4k NOK. Equity 8.03m NOK → 776.4k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for A HØIBO AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 21.70m NOK to 19.44m NOK (-10.4% YoY). Calculated
-
↓
Fell into a net loss
Net result flipped from 338.5k NOK profit to a loss of 822.4k NOK. Calculated
-
↓
Equity eroded
Book equity 8.03m NOK → 776.4k NOK (equity ratio 59.4% → 6.2%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2.85m NOK → 2.90m NOK (13% → 15% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 6.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 7.50m NOK → 525.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 14.07m NOK → 13.70m NOK (-2.6% YoY). Calculated