A/S Hovinveien 7 og 9: årsregnskap 2005 vs 2004
Grew 6364% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A/S Hovinveien 7 og 9. Revenue 13.6k NOK → 879.6k NOK (+6363.9%). Net result +1 864 NOK → +88.0k NOK. Equity 989.3k NOK → 72.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for A/S Hovinveien 7 og 9.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 13.6k NOK to 879.6k NOK (+6363.9% YoY). Calculated
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Operating result improved
Operating result +92.5k NOK → +160.6k NOK (op. margin 679.8% → 18.3%). Calculated
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Net result improved
Net result +1 864 NOK → +88.0k NOK (net margin 13.7% → 10.0%). Calculated
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Payroll decreased
Salary cost 13.6k NOK → 2 005 NOK (100% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 989.3k NOK → 72.0k NOK (equity ratio 34.6% → 2.5%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 0 NOK → 207.1k NOK (None YoY). Calculated