ADDEND AS: årsregnskap 2006 vs 2005
Shrank 33% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ADDEND AS. Revenue 1.57m NOK → 1.06m NOK (-32.9%). Net result +446.1k NOK → +327.1k NOK. Equity 647.5k NOK → 974.6k NOK.
On the constructive side: equity strengthened; payroll decreased. 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 ADDEND AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 647.5k NOK → 974.6k NOK (equity ratio 38.0% → 45.8%). Calculated
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↑
Payroll decreased
Salary cost 353.0k NOK → 236.8k NOK (22% → 22% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.57m NOK to 1.06m NOK (-32.9% YoY). Calculated
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↓
Operating result weakened
Operating result +834.9k NOK → +328.1k NOK (op. margin 53.0% → 31.1%). Calculated
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↓
Net result weakened
Net result +446.1k NOK → +327.1k NOK (net margin 28.3% → 31.0%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 434.0k NOK. Reported fact