Org.nr 981 375 793 2005 → 2006 Year-over-year analysis

ACE GOLF AS: årsregnskap 2006 vs 2005

Grew 46135% on revenue

Summary

What changed

Comparing Årsregnskap 2006 with 2005 for ACE GOLF AS. Revenue 11.3k NOK → 5.24m NOK (+46134.9%). Equity 64.4k NOK → -363.7k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACE GOLF AS.

At a glance

Revenue

11.3k NOK 5.24m NOK

+46134.9%

Operating result

-38.8k NOK -429.4k NOK

-1005.8%

Net result

-36.0k NOK n/m

—

Equity

64.4k NOK -363.7k NOK

-665.0%

Cash

197.2k NOK n/m

—

Total assets

264.6k NOK 717.6k NOK

+171.2%

↑
Revenue rose

Operating income / revenue moved from 11.3k NOK to 5.24m NOK (+46134.9% YoY). Calculated

↓
Operating result weakened

Operating result -38.8k NOK → -429.4k NOK (op. margin -342.7% → -8.2%). Calculated
↓
Equity eroded

Book equity 64.4k NOK → -363.7k NOK (equity ratio 24.3% → -50.7%). Calculated

·
Thin equity buffer

Equity ratio is -50.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost -4 469 NOK → 1.38m NOK (-39% → 26% of revenue). Calculated
·
COGS moved

COGS / varekostnad 5 464 NOK → 2.37m NOK (+43292.8% YoY). Calculated