ABA ELEKTRO AS: årsregnskap 2006 vs 2005
Shrank 26% on revenue
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ABA ELEKTRO AS. Revenue 3.39m NOK → 2.52m NOK (-25.8%). Equity 287.7k NOK → -81.5k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABA ELEKTRO AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.39m NOK to 2.52m NOK (-25.8% YoY). Calculated
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Operating result weakened
Operating result +38.9k NOK → -280.9k NOK (op. margin 1.1% → -11.2%). Calculated
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Equity eroded
Book equity 287.7k NOK → -81.5k NOK (equity ratio 17.6% → -6.9%). Calculated
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Current ratio dropped below 1×
Current ratio 1.21× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 1.21m NOK → 2.84m NOK (36% → 113% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -6.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation