ADVICE REKLAMEBYRÅ AS: årsregnskap 2006 vs 2005
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ADVICE REKLAMEBYRÅ AS. Revenue 748.3k NOK → 769.5k NOK (+2.8%). Net result +43.7k NOK → +26.5k NOK. Equity -102.8k NOK → -76.2k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVICE REKLAMEBYRÅ AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 748.3k NOK to 769.5k NOK (+2.8% YoY). Calculated
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↑
Equity strengthened
Book equity -102.8k NOK → -76.2k NOK (equity ratio -48.6% → -69.7%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +55.8k NOK → +39.4k NOK (op. margin 7.5% → 5.1%). Calculated
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↓
Net result weakened
Net result +43.7k NOK → +26.5k NOK (net margin 5.8% → 3.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -69.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 197.0k NOK → 231.3k NOK (26% → 30% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 211.3k NOK → 316.3k NOK (+49.7% YoY). Calculated