5895 INVEST AS: årsregnskap 2005 vs 2004
Grew 7% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for 5895 INVEST AS. Revenue 905.9k NOK → 966.8k NOK (+6.7%). Net result -126.7k NOK → -24.0k NOK. Equity 42.2k NOK → 18.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for 5895 INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 905.9k NOK to 966.8k NOK (+6.7% YoY). Calculated
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↑
Operating result improved
Operating result -125.1k NOK → -10.0k NOK (op. margin -13.8% → -1.0%). Calculated
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↑
Net result improved
Net result -126.7k NOK → -24.0k NOK (net margin -14.0% → -2.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 42.2k NOK → 18.2k NOK (equity ratio 6.6% → 26.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 272.8k NOK → 450.3k NOK (30% → 47% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 39.5k NOK → 31.8k NOK (-19.6% YoY). Calculated