A/S Kvikk: årsregnskap 2006 vs 2005
Shrank 21% on revenue
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for A/S Kvikk. Revenue 316.8k NOK → 250.4k NOK (-20.9%). Equity 59.3k NOK → 29.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for A/S Kvikk.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 11.4k NOK → 2 450 NOK (4% → 1% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 316.8k NOK to 250.4k NOK (-20.9% YoY). Calculated
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↓
Operating result weakened
Operating result +127.8k NOK → +70.5k NOK (op. margin 40.3% → 28.1%). Calculated
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↓
Equity eroded
Book equity 59.3k NOK → 29.8k NOK (equity ratio 1919.0% → 0.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 942.7k NOK → 942 NOK (-99.9% YoY). Calculated