A WADAHL ANLEGGSERVICE AS: årsregnskap 2005 vs 2004
Another loss-making year
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A WADAHL ANLEGGSERVICE AS. Revenue 1.18m NOK → 1.19m NOK (+0.9%). Equity 49.6k NOK → 24.6k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A WADAHL ANLEGGSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.18m NOK to 1.19m NOK (+0.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.13m NOK → 171.3k NOK (96% → 14% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +24.3k NOK → +1 182 NOK (op. margin 2.1% → 0.1%). Calculated
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↓
Equity eroded
Book equity 49.6k NOK → 24.6k NOK (equity ratio 11.0% → 5.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation