AK. GRIEG NORGE AS: årsregnskap 2006 vs 2005
Shrank 24% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for AK. GRIEG NORGE AS. Revenue 380.1k NOK → 290.3k NOK (-23.6%). Net result -112.1k NOK → -145.9k NOK. Equity 668.2k NOK → 77.0k NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 111.1k NOK → 271.1k NOK (+160.0k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 380.1k NOK to 290.3k NOK (-23.6% YoY). Calculated
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Operating result weakened
Operating result -110.5k NOK → -147.2k NOK (op. margin -29.1% → -50.7%). Calculated
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Net result weakened
Net result -112.1k NOK → -145.9k NOK (net margin -29.5% → -50.3%). Calculated
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Equity eroded
Book equity 668.2k NOK → 77.0k NOK (equity ratio 100.0% → 18.9%). Calculated
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Payroll up without matching revenue
Salary cost 36.0k NOK → 2.12m NOK (9% → 731% of revenue). Calculated