70 GRADER N ARKITEKTUR AS: årsregnskap 2005 vs 2004
Shrank 19% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for 70 GRADER N ARKITEKTUR AS. Revenue 4.56m NOK → 3.69m NOK (-19.2%). Net result +156.2k NOK → +70.9k NOK. Equity 613.9k NOK → 684.8k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 70 GRADER N ARKITEKTUR AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 613.9k NOK → 684.8k NOK (equity ratio 144.7% → 55.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.30× → 2.12×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.56m NOK to 3.69m NOK (-19.2% YoY). Calculated
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↓
Net result weakened
Net result +156.2k NOK → +70.9k NOK (net margin 3.4% → 1.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.68m NOK → 2.69m NOK (59% → 73% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 456.3k NOK → 21.9k NOK (-95.2% YoY). Calculated