AIBEL AS: årsregnskap 2006 vs 2005
Grew 38% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for AIBEL AS. Revenue 7.60bn NOK → 10.50bn NOK (+38.2%). Equity 11.54m NOK → 812.6k NOK.
On the constructive side: revenue rose; current ratio back above 1×; owners injected capital. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIBEL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.60bn NOK to 10.50bn NOK (+38.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.98× → 1.49×. Calculated
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↑
Owners injected capital
Paid-in equity rose 438.1k NOK → 438.12m NOK (+437.68m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 11.54m NOK → 812.6k NOK (equity ratio 0.3% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 3.27bn NOK → 4.21bn NOK (+28.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 81.3k NOK → 69.10m NOK. Reported fact