AGG INVEST AS: årsregnskap 2006 vs 2005
Grew 206% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for AGG INVEST AS. Revenue 535.1k NOK → 1.64m NOK (+206.1%). Net result -18.5k NOK → -187.6k NOK. Equity 237.5k NOK → 49.9k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AGG INVEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 535.1k NOK to 1.64m NOK (+206.1% YoY). Calculated
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Payroll decreased
Salary cost 478.9k NOK → 401.4k NOK (89% → 25% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -34.0k NOK → -246.6k NOK (op. margin -6.4% → -15.1%). Calculated
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↓
Net result weakened
Net result -18.5k NOK → -187.6k NOK (net margin -3.5% → -11.5%). Calculated
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Equity eroded
Book equity 237.5k NOK → 49.9k NOK (equity ratio 10.2% → 2.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 710.2k NOK → 651.4k NOK (-8.3% YoY). Calculated