AD LAGUN AS: årsregnskap 2005 vs 2004
Shrank 30% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AD LAGUN AS. Revenue 1.39m NOK → 971.4k NOK (-30.3%). Net result +339.8k NOK → +212.7k NOK. Equity 6.66m NOK → 720.7k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AD LAGUN AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.39m NOK to 971.4k NOK (-30.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +490.9k NOK → +336.3k NOK (op. margin 35.2% → 34.6%). Calculated
-
↓
Net result weakened
Net result +339.8k NOK → +212.7k NOK (net margin 24.4% → 21.9%). Calculated
-
↓
Equity eroded
Book equity 6.66m NOK → 720.7k NOK (equity ratio 173.3% → 16.6%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 465.6k NOK → 499.4k NOK (33% → 51% of revenue). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 66.6k NOK → 12.13m NOK. Reported fact