911-TJENESTEN AS: årsregnskap 2005 vs 2004
Shrank 52% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for 911-TJENESTEN AS. Revenue 322.8k NOK → 154.9k NOK (-52.0%). Equity -4.61m NOK → -5.74m NOK.
On the constructive side: operating result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 911-TJENESTEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -1.56m NOK → -1.06m NOK (op. margin -482.0% → -682.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.32× → 1.37×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 322.8k NOK to 154.9k NOK (-52.0% YoY). Calculated
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↓
Equity eroded
Book equity -4.61m NOK → -5.74m NOK (equity ratio -542.8% → -832.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -832.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 900.3k NOK → 133.2k NOK (-85.2% YoY). Calculated