Org.nr 937 775 741 2004 → 2005 Year-over-year analysis

AERON AS: årsregnskap 2005 vs 2004

Shrank 100% on revenue, fresh owner capital

Summary

What changed

Comparing Årsregnskap 2005 with 2004 for AERON AS. Revenue 58.95m NOK → 0 NOK (-100.0%). Equity 8.47m NOK → 2.68m NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AERON AS.

At a glance

Revenue

58.95m NOK 0 NOK

-100.0%

Operating result

-69.0k NOK +2.37m NOK

+3531.1%

Equity

8.47m NOK 2.68m NOK

-68.4%

Total assets

22.77m NOK 33.34m NOK

+46.5%

↑
Operating result improved

Operating result -69.0k NOK → +2.37m NOK. Calculated

↓
Revenue fell

Operating income / revenue moved from 58.95m NOK to 0 NOK (-100.0% YoY). Calculated
↓
Equity eroded

Book equity 8.47m NOK → 2.68m NOK (equity ratio 37.2% → 8.0%). Calculated
↓
Payroll up without matching revenue

Salary cost -9.46m NOK → 12.17m NOK. Calculated
↓
COGS moved

COGS / varekostnad -44.79m NOK → 65.58m NOK (+246.4% YoY). Calculated

·
Thin equity buffer

Equity ratio is 8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation