AD-REGNSKAP AS: årsregnskap 2006 vs 2005
Cash halved-plus
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for AD-REGNSKAP AS. Revenue 3.74m NOK → 3.70m NOK (-1.1%). Net result +418.1k NOK → +375.1k NOK. Equity 906.1k NOK → 281.3k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AD-REGNSKAP AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.74m NOK to 3.70m NOK (-1.1% YoY). Calculated
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Operating result weakened
Operating result +744.6k NOK → +689.1k NOK (op. margin 19.9% → 18.6%). Calculated
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Net result weakened
Net result +418.1k NOK → +375.1k NOK (net margin 11.2% → 10.1%). Calculated
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Equity eroded
Book equity 906.1k NOK → 281.3k NOK (equity ratio 16.4% → 5.2%). Calculated
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Cash fell
Bank deposits 5.49m NOK → 354.9k NOK (-93.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.49m NOK → 354.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 1 100 NOK → 1.20m NOK. Reported fact