AIRCRAFT ENGINEERING AS: årsregnskap 2005 vs 2004
Shrank 10% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AIRCRAFT ENGINEERING AS. Revenue 2.64m NOK → 2.38m NOK (-9.8%). Net result +74.2k NOK → +49.1k NOK. Equity 174.6k NOK → 223.6k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cogs moved.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 174.6k NOK → 223.6k NOK (equity ratio 46.4% → 70.6%). Calculated
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↑
Payroll decreased
Salary cost 800.3k NOK → 786.6k NOK (30% → 33% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.64m NOK to 2.38m NOK (-9.8% YoY). Calculated
-
↓
Net result weakened
Net result +74.2k NOK → +49.1k NOK (net margin 2.8% → 2.1%). Calculated
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↓
COGS moved
COGS / varekostnad 1.17m NOK → 2.96m NOK (+153.2% YoY). Calculated