AEVENT AS: årsregnskap 2005 vs 2004
Grew 27% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AEVENT AS. Revenue 6.49m NOK → 8.22m NOK (+26.6%). Net result +91.2k NOK → -50.9k NOK. Equity 112.9k NOK → 62.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AEVENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.49m NOK to 8.22m NOK (+26.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +132.1k NOK → -62.0k NOK (op. margin 2.0% → -0.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 91.2k NOK profit to a loss of 50.9k NOK. Calculated
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↓
Equity eroded
Book equity 112.9k NOK → 62.1k NOK (equity ratio 12.5% → 6.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 NOK → 511.7k NOK (0% → 6% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 5.43m NOK → 7.26m NOK (+33.6% YoY). Calculated