A STAKE AS: årsregnskap 2005 vs 2004
Slipped into loss
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A STAKE AS. Revenue 4.07m NOK → 4.01m NOK (-1.4%). Net result +60.8k NOK → -266.4k NOK. Equity 88.9k NOK → 93.0k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for A STAKE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 88.9k NOK → 93.0k NOK (equity ratio 11.7% → 9.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.07m NOK to 4.01m NOK (-1.4% YoY). Calculated
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↓
Operating result weakened
Operating result +67.6k NOK → -357.1k NOK (op. margin 1.7% → -8.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 60.8k NOK profit to a loss of 266.4k NOK. Calculated
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↓
Payroll up without matching revenue
Salary cost 3 NOK → 1.72m NOK (0% → 43% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 1.70m NOK → 1.93m NOK (+13.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 260 NOK — check capital reduction, conversion, or reclassification. Interpretation