ADV INVEST AS: årsregnskap 2006 vs 2005
Grew 900% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ADV INVEST AS. Revenue 603 NOK → 6 033 NOK (+900.5%). Net result -79.5k NOK → -2.73m NOK. Equity 20.7k NOK → -2.01m NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for ADV INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 603 NOK to 6 033 NOK (+900.5% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -79.5k NOK → -2.73m NOK (net margin -13178.9% → -45255.6%). Calculated
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↓
Equity eroded
Book equity 20.7k NOK → -2.01m NOK (equity ratio 1784.4% → -833.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.11× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -833.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 100.2k NOK → 800 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 810 NOK → 7 078 NOK (+773.8% YoY). Calculated