AEPOS ARKITEKTER OG PLANLEGGERE AS: årsregnskap 2005 vs 2004
Grew 23% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AEPOS ARKITEKTER OG PLANLEGGERE AS. Revenue 282.1k NOK → 348.2k NOK (+23.4%). Net result +93.6k NOK → +30.1k NOK. Equity -56.8k NOK → -26.7k NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AEPOS ARKITEKTER OG PLANLEGGERE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 282.1k NOK to 348.2k NOK (+23.4% YoY). Calculated
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↑
Equity strengthened
Book equity -56.8k NOK → -26.7k NOK (equity ratio -7.8% → -22.1%). Calculated
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↑
Owners injected capital
Paid-in equity rose 2 400 NOK → 100.0k NOK (+97.6k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +796.5k NOK → +32.0k NOK (op. margin 282.3% → 9.2%). Calculated
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↓
Net result weakened
Net result +93.6k NOK → +30.1k NOK (net margin 33.2% → 8.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -22.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 35.4k NOK → 79.0k NOK (13% → 23% of revenue). Calculated