Org.nr 848 629 642 2005 → 2006 Year-over-year analysis

ABSOR AS: årsregnskap 2006 vs 2005

Mixed movements in the accounts

Summary

What changed

Comparing Årsregnskap 2006 with 2005 for ABSOR AS. Revenue 788.7k NOK → 756.9k NOK (-4.0%). Equity -712.3k NOK → -880.4k NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABSOR AS.

At a glance

Revenue

788.7k NOK 756.9k NOK

-4.0%

Operating result

-263.3k NOK -157.9k NOK

+40.0%

Equity

-712.3k NOK -880.4k NOK

-23.6%

Cash

12.6k NOK n/m

—

Total assets

641.0k NOK 459.1k NOK

-28.4%

↑
Operating result improved

Operating result -263.3k NOK → -157.9k NOK (op. margin -33.4% → -20.9%). Calculated
↑
Payroll decreased

Salary cost 292.1k NOK → 127.1k NOK (37% → 17% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 788.7k NOK to 756.9k NOK (-4.0% YoY). Calculated
↓
Equity eroded

Book equity -712.3k NOK → -880.4k NOK (equity ratio -111.1% → -191.8%). Calculated
↓
COGS moved

COGS / varekostnad 301.8k NOK → 359.5k NOK (+19.1% YoY). Calculated

·
Thin equity buffer

Equity ratio is -191.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation