AKERSHUS ELEKTRO AS: årsregnskap 2006 vs 2005
Grew 99% on revenue, stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for AKERSHUS ELEKTRO AS. Revenue 9.22m NOK → 18.33m NOK (+98.7%). Net result +457.7k NOK → +836.0k NOK. Equity 854.6k NOK → 68.5k NOK.
On the constructive side: revenue rose; net result improved; owners injected capital. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AKERSHUS ELEKTRO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 9.22m NOK to 18.33m NOK (+98.7% YoY). Calculated
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Net result improved
Net result +457.7k NOK → +836.0k NOK (net margin 5.0% → 4.6%). Calculated
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Owners injected capital
Paid-in equity rose 396 NOK → 396.0k NOK (+395.6k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +652.9k NOK → +578.5k NOK (op. margin 7.1% → 3.2%). Calculated
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Equity eroded
Book equity 854.6k NOK → 68.5k NOK (equity ratio 22.6% → 0.6%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 3.22m NOK → 3.97m NOK (35% → 22% of revenue). Calculated
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COGS moved
COGS / varekostnad 3.88m NOK → 8.87m NOK (+128.8% YoY). Calculated