A-VET SMÅDYRKLINIKK AS: årsregnskap 2006 vs 2005
Shrank 6% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for A-VET SMÅDYRKLINIKK AS. Revenue 3.92m NOK → 3.70m NOK (-5.5%). Net result -8 134 NOK → -144.9k NOK. Equity -22.3k NOK → -167.2k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A-VET SMÅDYRKLINIKK AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.92m NOK to 3.70m NOK (-5.5% YoY). Calculated
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Operating result weakened
Operating result +20.4k NOK → -119.5k NOK (op. margin 0.5% → -3.2%). Calculated
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Net result weakened
Net result -8 134 NOK → -144.9k NOK (net margin -0.2% → -3.9%). Calculated
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Equity eroded
Book equity -22.3k NOK → -167.2k NOK (equity ratio -5.4% → -13.6%). Calculated
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Current ratio dropped below 1×
Current ratio 19.09× → 0.38× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -13.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 1 070 NOK → 201.4k NOK. Reported fact