4 1/2 FILM AS: årsregnskap 2005 vs 2004
Grew 45% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for 4 1/2 FILM AS. Revenue 586.6k NOK → 851.3k NOK (+45.1%). Equity 589.7k NOK → 1 121 NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 4 1/2 FILM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 586.6k NOK to 851.3k NOK (+45.1% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 589.7k NOK → 1 121 NOK (equity ratio 10.9% → 0.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.78× — 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 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 167.7k NOK → 344.2k NOK (29% → 40% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 233.1k NOK → 576.8k NOK (+147.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 2.60m NOK. Reported fact