A J STANGELAND EIENDOM AS: årsregnskap 2005 vs 2004
Grew 15% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A J STANGELAND EIENDOM AS. Revenue 1.23m NOK → 1.41m NOK (+15.4%). Net result +714.5k NOK → +623.9k NOK. Equity 604.2k NOK → 128.1k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A J STANGELAND EIENDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.23m NOK to 1.41m NOK (+15.4% YoY). Calculated
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↑
Operating result improved
Operating result +8 696 NOK → +1.10m NOK (op. margin 0.7% → 77.9%). Calculated
What deteriorated
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↓
Net result weakened
Net result +714.5k NOK → +623.9k NOK (net margin 58.3% → 44.1%). Calculated
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↓
Equity eroded
Book equity 604.2k NOK → 128.1k NOK (equity ratio 10.0% → 1.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 0 NOK → 1.10m NOK. Reported fact