AICON AS: årsregnskap 2006 vs 2005
Shrank 8% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for AICON AS. Revenue 2.40m NOK → 2.21m NOK (-7.8%). Net result +161.2k NOK → -416.6k NOK. Equity 272.3k NOK → -144.3k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AICON AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.11m NOK → 1.03m NOK (46% → 46% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.40m NOK to 2.21m NOK (-7.8% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 161.2k NOK profit to a loss of 416.6k NOK. Calculated
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↓
Equity eroded
Book equity 272.3k NOK → -144.3k NOK (equity ratio 32.0% → -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 fell
COGS / varekostnad 962.4k NOK → 245.5k NOK (-74.5% YoY). Calculated