ATEA ASA: årsregnskap 2006 vs 2005
Shrank 36% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ATEA ASA. Revenue 46.70m NOK → 30.00m NOK (-35.8%). Net result -820.40m NOK → -210.00m NOK. Equity 286.40m NOK → 1.84m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ATEA ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -820.40m NOK → -210.00m NOK (net margin -1756.7% → -700.0%). Calculated
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Payroll decreased
Salary cost 895.80m NOK → 19.37m NOK (1918% → 65% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 46.70m NOK to 30.00m NOK (-35.8% YoY). Calculated
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Equity eroded
Book equity 286.40m NOK → 1.84m NOK (equity ratio 27.5% → 0.1%). Calculated
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COGS moved
COGS / varekostnad 2.02bn NOK → 6.77bn NOK (+234.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 393.80m NOK → 1.56m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 676.40m NOK → 2.72m NOK. Reported fact