FirmaIQ
Org.nr 916 591 144 2004 → 2005 Year-over-year analysis

A/S SØRENSEN OG BALCHEN: årsregnskap 2005 vs 2004

Shrank 76% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2005 with 2004 for A/S SØRENSEN OG BALCHEN. Revenue 1.32bn NOK → 309.91m NOK (-76.5%). Net result +40.51m NOK → +38.67m NOK. Equity 200.84m NOK → 121.71m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for A/S SØRENSEN OG BALCHEN.

At a glance

Scorecard

Revenue
1.32bn NOK 309.91m NOK
-76.5%
Operating result
+48.01m NOK +46.82m NOK
-2.5%
Net result
+40.51m NOK +38.67m NOK
-4.5%
Equity
200.84m NOK 121.71m NOK
-39.4%
Total assets
335.53m NOK 242.26m NOK
-27.8%

What improved

  • ↑

    Payroll decreased

    Salary cost 40.33m NOK → -39.73m NOK (3% → -13% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.32bn NOK to 309.91m NOK (-76.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +48.01m NOK → +46.82m NOK (op. margin 3.6% → 15.1%). Calculated

  • ↓

    Equity eroded

    Book equity 200.84m NOK → 121.71m NOK (equity ratio 59.9% → 50.2%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 204.48m NOK → -193.56m NOK (-194.7% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.09m NOK → 705.1k NOK. Reported fact