AGS BATTERISERVICE AS: årsregnskap 2005 vs 2004
Grew 35% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AGS BATTERISERVICE AS. Revenue 7.61m NOK → 10.27m NOK (+35.0%). Net result +636.2k NOK → +35 NOK. Equity 388.9k NOK → 343.5k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AGS BATTERISERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.61m NOK to 10.27m NOK (+35.0% YoY). Calculated
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↑
Operating result improved
Operating result +968.4k NOK → +1.27m NOK (op. margin 12.7% → 12.4%). Calculated
What deteriorated
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↓
Net result weakened
Net result +636.2k NOK → +35 NOK (net margin 8.4% → 0.0%). Calculated
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↓
Equity eroded
Book equity 388.9k NOK → 343.5k NOK (equity ratio 11.9% → 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 7 NOK → 298.7k NOK (0% → 3% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 NOK → 7.22m NOK (+722391700.0% YoY). Calculated