A/S Viktor Baumannsvei 34-38: årsregnskap 2005 vs 2004
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A/S Viktor Baumannsvei 34-38. Revenue 565.4k NOK → 580.9k NOK (+2.7%). Net result +95.0k NOK → +26.3k NOK. Equity 68.1k NOK → 41.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A/S Viktor Baumannsvei 34-38.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 565.4k NOK to 580.9k NOK (+2.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +147.3k NOK → +77.9k NOK (op. margin 26.1% → 13.4%). Calculated
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↓
Net result weakened
Net result +95.0k NOK → +26.3k NOK (net margin 16.8% → 4.5%). Calculated
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↓
Equity eroded
Book equity 68.1k NOK → 41.7k NOK (equity ratio 4.5% → 2.9%). Calculated
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↓
Cash fell
Bank deposits 544.4k NOK → 482.3k NOK (-11.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation