AEGIR HAVBRUK AS: årsregnskap 2006 vs 2005
Shrank 26% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for AEGIR HAVBRUK AS. Revenue 186.6k NOK → 137.8k NOK (-26.2%). Net result -46.9k NOK → -204.7k NOK. Equity 169.9k NOK → -34.8k NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AEGIR HAVBRUK AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 300 NOK → 300.0k NOK (+299.7k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 186.6k NOK to 137.8k NOK (-26.2% YoY). Calculated
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Operating result weakened
Operating result -47.3k NOK → -204.8k NOK (op. margin -25.3% → -148.6%). Calculated
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Net result weakened
Net result -46.9k NOK → -204.7k NOK (net margin -25.1% → -148.6%). Calculated
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Equity eroded
Book equity 169.9k NOK → -34.8k NOK (equity ratio 69.2% → -84.0%). Calculated
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Current ratio dropped below 1×
Current ratio 3.25× → 0.54× — 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 -84.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation