AKB LIGHTING AS: årsregnskap 2006 vs 2005
Shrank 17% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for AKB LIGHTING AS. Revenue 21.48m NOK → 17.80m NOK (-17.1%). Net result +802.0k NOK → +540.2k NOK. Equity 2.00m NOK → 2.50m NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AKB LIGHTING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +474.1k NOK → +628.0k NOK (op. margin 2.2% → 3.5%). Calculated
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↑
Equity strengthened
Book equity 2.00m NOK → 2.50m NOK (equity ratio 414.8% → 28.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 21.48m NOK to 17.80m NOK (-17.1% YoY). Calculated
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↓
Net result weakened
Net result +802.0k NOK → +540.2k NOK (net margin 3.7% → 3.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 3 NOK → 4.24m NOK (0% → 24% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 12.43m NOK → 10.45m NOK (-15.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 113.0k NOK → 123 NOK. Reported fact