A/S POLYCORP: årsregnskap 2005 vs 2004
Grew 108% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A/S POLYCORP. Revenue 95.0k NOK → 197.5k NOK (+107.9%). Net result -206.4k NOK → +27.6k NOK. Equity 2.67m NOK → 2.67m NOK.
On the constructive side: revenue rose; turned profitable. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A/S POLYCORP.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 95.0k NOK to 197.5k NOK (+107.9% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 206.4k NOK to a profit of 27.6k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -103.5k NOK → -114.3k NOK (op. margin -109.0% → -57.9%). Calculated
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↓
Equity eroded
Book equity 2.67m NOK → 2.67m NOK (equity ratio 10.0% → 9.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2.76m NOK → 6.57m NOK. Reported fact