AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS: årsregnskap 2005 vs 2004
Returned to profit
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS. Revenue 21.49m NOK → 21.80m NOK (+1.5%). Net result -759.5k NOK → +522.8k NOK. Equity 497.6k NOK → 81.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AK ARVID KNUTSEN MUR- OG TØMRERMESTERFORRETNING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 21.49m NOK to 21.80m NOK (+1.5% YoY). Calculated
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↑
Operating result improved
Operating result -799.6k NOK → +536.0k NOK (op. margin -3.7% → 2.5%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 759.5k NOK to a profit of 522.8k NOK. Calculated
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↑
Payroll decreased
Salary cost -7.69m NOK → -7.79m NOK (-36% → -36% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 497.6k NOK → 81.3k NOK (equity ratio 7.1% → 0.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad -11.15m NOK → -10.91m NOK (+2.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 262.2k NOK → 49.4k NOK. Reported fact