A B MATTESERVICE AS: årsregnskap 2005 vs 2004
Grew 118% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A B MATTESERVICE AS. Revenue 4.33m NOK → 9.43m NOK (+117.7%). Equity -4 200 NOK → -129.9k 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 A B MATTESERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.33m NOK to 9.43m NOK (+117.7% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -4 200 NOK → -129.9k NOK (equity ratio -2.0% → -4.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.56× → 0.88× — 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 -4.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3.13m NOK → 7.77m NOK (72% → 82% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 348.7k NOK → 628.2k NOK (+80.2% YoY). Calculated