AGNAR AS: årsregnskap 2006 vs 2005
Grew 7% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for AGNAR AS. Revenue 731.6k NOK → 782.7k NOK (+7.0%). Net result +177.2k NOK → +720.9k NOK. Equity 283.8k NOK → 4 732 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AGNAR AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 731.6k NOK to 782.7k NOK (+7.0% YoY). Calculated
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Operating result improved
Operating result +247.4k NOK → +338.9k NOK (op. margin 33.8% → 43.3%). Calculated
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Net result improved
Net result +177.2k NOK → +720.9k NOK (net margin 24.2% → 92.1%). Calculated
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Current ratio back above 1×
Current ratio 0.00× → 6.52×. Calculated
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Payroll decreased
Salary cost 1.26m NOK → 257.6k NOK (172% → 33% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 283.8k NOK → 4 732 NOK (equity ratio 140.3% → 0.1%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 37.0k NOK → 0 NOK (-100.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 91.7k NOK → 2.00m NOK. Reported fact