ITERA ASA: årsregnskap 2006 vs 2005
Grew 6% on revenue
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ITERA ASA. Revenue 1.28bn NOK → 1.36bn NOK (+5.9%). Equity 170.8k NOK → 118 NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: 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 ITERA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.28bn NOK to 1.36bn NOK (+5.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 7.17bn NOK → 10 NOK (559% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 170.8k NOK → 118 NOK (equity ratio 96.0% → 0.1%). 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 98.5k NOK → 45.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 72.9k NOK → 75.3k NOK. Reported fact