AIRCOIL AS: årsregnskap 2005 vs 2004
Grew 14% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AIRCOIL AS. Revenue 11.53m NOK → 13.16m NOK (+14.1%). Net result +914.8k NOK → +852.4k NOK. Equity 528.2k NOK → 1 177 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 AIRCOIL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.53m NOK to 13.16m NOK (+14.1% YoY). Calculated
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↑
Operating result improved
Operating result +263.8k NOK → +1.17m NOK (op. margin 2.3% → 8.9%). Calculated
What deteriorated
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↓
Net result weakened
Net result +914.8k NOK → +852.4k NOK (net margin 7.9% → 6.5%). Calculated
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↓
Equity eroded
Book equity 528.2k NOK → 1 177 NOK (equity ratio 18.9% → 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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·
Payroll increased
Salary cost 2.09m NOK → 2.14m NOK (18% → 16% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 8.01m NOK → 9.28m NOK (+15.8% YoY). Calculated