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Org.nr 921 111 347 2004 → 2005 Year-over-year analysis

AKERSGATA 18 AS: årsregnskap 2005 vs 2004

Grew 19% on revenue, slipped into loss

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2005 with 2004 for AKERSGATA 18 AS. Revenue 11.68m NOK → 13.91m NOK (+19.1%). Net result +667.8k NOK → -1.59m NOK. Equity -35.67m NOK → -37.25m NOK.

On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: fell into a net loss; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKERSGATA 18 AS.

At a glance

Scorecard

Revenue
11.68m NOK 13.91m NOK
+19.1%
Operating result
+8.61m NOK +8.85m NOK
+2.7%
Net result
+667.8k NOK -1.59m NOK
-337.8%
Equity
-35.67m NOK -37.25m NOK
-4.5%
Cash
14.45m NOK n/m
—
Total assets
153.95m NOK 156.82m NOK
+1.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 11.68m NOK to 13.91m NOK (+19.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +8.61m NOK → +8.85m NOK (op. margin 73.8% → 63.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.08m NOK → 111.2k NOK (9% → 1% of revenue). Calculated

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 667.8k NOK profit to a loss of 1.59m NOK. Calculated

  • ↓

    Equity eroded

    Book equity -35.67m NOK → -37.25m NOK (equity ratio -23.2% → -23.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -23.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation