2K TECH AS: årsregnskap 2005 vs 2004
Shrank 100% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for 2K TECH AS. Revenue 974.95m NOK → 10.5k NOK (-100.0%). Equity -114.24m NOK → -339.1k NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for 2K TECH AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -211.30m NOK → -190.1k NOK (op. margin -21.7% → -1806.3%). Calculated
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Equity strengthened
Book equity -114.24m NOK → -339.1k NOK (equity ratio -25.0% → -77.5%). Calculated
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Payroll decreased
Salary cost 799.09m NOK → 951.9k NOK (82% → 9045% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 974.95m NOK to 10.5k NOK (-100.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.45× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -77.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 170.00m NOK → 170.0k NOK — check capital reduction, conversion, or reclassification. Interpretation