A & R EIENDOM SKJERVØY AS: årsregnskap 2005 vs 2004
Shrank 97% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A & R EIENDOM SKJERVØY AS. Revenue 3.35m NOK → 88.3k NOK (-97.4%). Net result +630.2k NOK → +621.7k NOK. Equity 736.4k NOK → 558.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A & R EIENDOM SKJERVØY AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 67.9k NOK → 48.3k NOK (2% → 55% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.35m NOK to 88.3k NOK (-97.4% YoY). Calculated
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↓
Operating result weakened
Operating result +1.65m NOK → +2 NOK (op. margin 49.2% → 0.0%). Calculated
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↓
Equity eroded
Book equity 736.4k NOK → 558.1k NOK (equity ratio 3.9% → 3.0%). Calculated
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↓
Cash fell
Bank deposits 594.0k NOK → 398.8k NOK (-32.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation