ADNOVA AS: årsregnskap 2006 vs 2005
Shrank 41% on revenue
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ADNOVA AS. Revenue 180.4k NOK → 105.6k NOK (-41.5%). Equity 10.7k NOK → 151 NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADNOVA AS.
At a glance
Scorecard
Revenue
180.4k NOK
105.6k NOK
-41.5%
Operating result
+81.1k NOK
-17.7k NOK
-121.8%
Equity
10.7k NOK
151 NOK
-98.6%
Total assets
127.1k NOK
777.4k NOK
+511.8%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 180.4k NOK to 105.6k NOK (-41.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +81.1k NOK → -17.7k NOK (op. margin 45.0% → -16.8%). Calculated
-
↓
Equity eroded
Book equity 10.7k NOK → 151 NOK (equity ratio 8.4% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation