Org.nr 982 228 220 2005 → 2006 Year-over-year analysis

AIRGENIC AS: årsregnskap 2006 vs 2005

Shrank 24% on revenue

Summary

What changed

Comparing Årsregnskap 2006 with 2005 for AIRGENIC AS. Revenue 6.25m NOK → 4.77m NOK (-23.7%). Equity 1.68bn NOK → 1.78m NOK.

On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for AIRGENIC AS.

At a glance

Revenue

6.25m NOK 4.77m NOK

-23.7%

Operating result

-245.4k NOK +142.1k NOK

+157.9%

Net result

n/m +101.6k NOK

—

Equity

1.68bn NOK 1.78m NOK

-99.9%

Cash

221.0k NOK 385.1k NOK

+74.3%

Total assets

2.82m NOK 2.43m NOK

-13.7%

↑
Operating result improved

Operating result -245.4k NOK → +142.1k NOK (op. margin -3.9% → 3.0%). Calculated
↑
Cash rose

Bank deposits 221.0k NOK → 385.1k NOK (+74.3% YoY). Calculated
↑
Payroll decreased

Salary cost 1.78m NOK → 1.48m NOK (28% → 31% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 6.25m NOK to 4.77m NOK (-23.7% YoY). Calculated
↓
Equity eroded

Book equity 1.68bn NOK → 1.78m NOK (equity ratio 59457.0% → 73.0%). Calculated

·
Paid-in equity reduced

Paid-in equity fell 21.33m NOK → 18.78m NOK — check capital reduction, conversion, or reclassification. Interpretation