AILU FUCHSIT AS: årsregnskap 2005 vs 2004
Shrank 57% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AILU FUCHSIT AS. Revenue 925.6k NOK → 396.2k NOK (-57.2%). Net result +138.5k NOK → +1.05m NOK. Equity 196.1k NOK → -302.3k NOK.
On the constructive side: net result improved; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for AILU FUCHSIT AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +138.5k NOK → +1.05m NOK (net margin 15.0% → 264.3%). Calculated
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Current ratio back above 1×
Current ratio 0.51× → 1.20×. Calculated
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Payroll decreased
Salary cost 2.30m NOK → 831.0k NOK (248% → 210% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 925.6k NOK to 396.2k NOK (-57.2% YoY). Calculated
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Operating result weakened
Operating result +145.4k NOK → -1.13m NOK (op. margin 15.7% → -285.0%). Calculated
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Equity eroded
Book equity 196.1k NOK → -302.3k NOK (equity ratio 77.8% → -11.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -11.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 41.0k NOK — check capital reduction, conversion, or reclassification. Interpretation