AKERSHUS HANDELSSELSKAP AS: årsregnskap 2005 vs 2004
Shrank 5% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AKERSHUS HANDELSSELSKAP AS. Revenue 485.2k NOK → 460.6k NOK (-5.1%). Net result +819.5k NOK → +470.0k NOK. Equity 6.29m NOK → 8.76m 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 AKERSHUS HANDELSSELSKAP AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +53.5k NOK → +200.5k NOK (op. margin 11.0% → 43.5%). Calculated
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↑
Equity strengthened
Book equity 6.29m NOK → 8.76m NOK (equity ratio 49.0% → 53.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 485.2k NOK to 460.6k NOK (-5.1% YoY). Calculated
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↓
Net result weakened
Net result +819.5k NOK → +470.0k NOK (net margin 168.9% → 102.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 107.3k NOK → 263.8k NOK (22% → 57% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 40.4k NOK → 14.5k NOK (-64.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 4.03m NOK → 5.43m NOK. Reported fact