ADVANCED FIBER OPTICS AS: årsregnskap 2006 vs 2005
Grew 5% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ADVANCED FIBER OPTICS AS. Revenue 204.2k NOK → 215.1k NOK (+5.3%). Net result +12.8k NOK → -7 452 NOK. Equity -409.9k NOK → -417.3k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCED FIBER OPTICS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 204.2k NOK to 215.1k NOK (+5.3% YoY). Calculated
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↑
Operating result improved
Operating result +51.9k NOK → +59.7k NOK (op. margin 25.4% → 27.7%). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 12.8k NOK profit to a loss of 7 452 NOK. Calculated
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↓
Equity eroded
Book equity -409.9k NOK → -417.3k NOK (equity ratio -81.0% → -130.2%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -130.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation