AK MEKANISKE AS: årsregnskap 2005 vs 2004
Grew 65% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AK MEKANISKE AS. Revenue 7.47m NOK → 12.33m NOK (+65.0%). Net result +658.2k NOK → +376.7k NOK. Equity 616.3k NOK → 10.28m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for AK MEKANISKE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.47m NOK to 12.33m NOK (+65.0% YoY). Calculated
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↑
Equity strengthened
Book equity 616.3k NOK → 10.28m NOK (equity ratio 47.4% → 242.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +631.17m NOK → +266.6k NOK (op. margin 8447.0% → 2.2%). Calculated
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↓
Net result weakened
Net result +658.2k NOK → +376.7k NOK (net margin 8.8% → 3.1%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 180.0k NOK → 700 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 4.73m NOK → 5.91m NOK (+25.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2 000 NOK → 24.5k NOK. Reported fact