FirmaIQ
Org.nr 819 731 322 2005 → 2006 Year-over-year analysis

NORGESGRUPPEN ASA: årsregnskap 2006 vs 2005

Shrank 32% on revenue, weaker earnings, fresh owner capital

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2006 with 2005 for NORGESGRUPPEN ASA. Revenue 337.69m NOK → 230.08m NOK (-31.9%). Net result +420001.44bn NOK → +435.01m NOK. Equity 2.75bn NOK → 46.22m NOK.

On the constructive side: operating result improved; owners injected capital. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for NORGESGRUPPEN ASA.

At a glance

Scorecard

Revenue
337.69m NOK 230.08m NOK
-31.9%
Operating result
+23.43m NOK +47.15m NOK
+101.3%
Net result
+420001.44bn NOK +435.01m NOK
-100.0%
Equity
2.75bn NOK 46.22m NOK
-98.3%
Total assets
7.96bn NOK 7.95bn NOK
-0.1%

What improved

  • ↑

    Operating result improved

    Operating result +23.43m NOK → +47.15m NOK (op. margin 6.9% → 20.5%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.04bn NOK → 4.04bn NOK (+3.00bn NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 337.69m NOK to 230.08m NOK (-31.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result +420001.44bn NOK → +435.01m NOK (net margin 124375956.1% → 189.1%). Calculated

  • ↓

    Equity eroded

    Book equity 2.75bn NOK → 46.22m NOK (equity ratio 34.5% → 0.6%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 10.0k NOK → 94.82m NOK (0% → 41% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation