A/S POLYCORP: årsregnskap 2006 vs 2005
Grew 9% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for A/S POLYCORP. Revenue 197.5k NOK → 216.1k NOK (+9.4%). Net result +27.6k NOK → -428.1k NOK. Equity 2.67m NOK → 2.24m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; 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 197.5k NOK to 216.1k NOK (+9.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -114.3k NOK → -212.6k NOK (op. margin -57.9% → -98.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 27.6k NOK profit to a loss of 428.1k NOK. Calculated
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↓
Equity eroded
Book equity 2.67m NOK → 2.24m NOK (equity ratio 9.8% → 8.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 6.57m NOK → 7.80m NOK. Reported fact