DNO ASA: årsregnskap 2005 vs 2004
Shrank 40% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for DNO ASA. Revenue 68.0k NOK → 41.0k NOK (-39.7%). Net result +29.0k NOK → +469.6k NOK. Equity 946.08bn NOK → 10 NOK.
On the constructive side: net result improved; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for DNO ASA.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +29.0k NOK → +469.6k NOK (net margin 42.7% → 1145.4%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.00× → 3.76×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 68.0k NOK to 41.0k NOK (-39.7% YoY). Calculated
-
↓
Operating result weakened
Operating result -82.8k NOK → -87.8k NOK (op. margin -121.8% → -214.1%). Calculated
-
↓
Equity eroded
Book equity 946.08bn NOK → 10 NOK (equity ratio 75045029.8% → 0.0%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 682.90bn NOK → 582.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 14 NOK → 777.8k NOK. Reported fact