AE FROGNER AS: årsregnskap 2006 vs 2005
Grew 25% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for AE FROGNER AS. Revenue 468.8k NOK → 586.0k NOK (+25.0%). Net result -44.7k NOK → +2 576 NOK. Equity -403.5k NOK → -400.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AE FROGNER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 468.8k NOK to 586.0k NOK (+25.0% YoY). Calculated
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Operating result improved
Operating result +63.9k NOK → +121.3k NOK (op. margin 13.6% → 20.7%). Calculated
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Turned profitable
Net result flipped from a loss of 44.7k NOK to a profit of 2 576 NOK. Calculated
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Equity strengthened
Book equity -403.5k NOK → -400.9k NOK. Calculated
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Cash rose
Bank deposits 24.6k NOK → 310.7k NOK (+1163.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -14.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation