ABYSS AKVASERVICE AS: årsregnskap 2006 vs 2005
Grew 167% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ABYSS AKVASERVICE AS. Revenue 349.7k NOK → 934.0k NOK (+167.1%). Net result +588.0k NOK → -68.9k NOK. Equity -450.3k NOK → -519.2k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABYSS AKVASERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 349.7k NOK to 934.0k NOK (+167.1% YoY). Calculated
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Operating result improved
Operating result -496.2k NOK → +50.4k NOK (op. margin -141.9% → 5.4%). Calculated
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Payroll decreased
Salary cost 2.18m NOK → 761.6k NOK (624% → 82% of revenue). Calculated
What deteriorated
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Fell into a net loss
Net result flipped from 588.0k NOK profit to a loss of 68.9k NOK. Calculated
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Equity eroded
Book equity -450.3k NOK → -519.2k NOK (equity ratio -33.1% → -40.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -40.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation