A/S Løkkegården: årsregnskap 2006 vs 2005
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for A/S Løkkegården. Revenue 3.19m NOK → 3.34m NOK (+4.5%). Net result +1.61m NOK → +686.5k NOK. Equity 5.31m NOK → 2.81m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for A/S Løkkegården.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.19m NOK to 3.34m NOK (+4.5% YoY). Calculated
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↑
Operating result improved
Operating result +2.15m NOK → +2.31m NOK (op. margin 67.3% → 69.3%). Calculated
What deteriorated
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↓
Net result weakened
Net result +1.61m NOK → +686.5k NOK (net margin 50.3% → 20.6%). Calculated
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↓
Equity eroded
Book equity 5.31m NOK → 2.81m NOK (equity ratio 61.2% → 41.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.47× → 0.65× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 3.70m NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 2 NOK → 250.0k NOK (0% → 7% of revenue). Calculated