A JONASSEN AS: årsregnskap 2005 vs 2004
Grew 16% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A JONASSEN AS. Revenue 2.37m NOK → 2.74m NOK (+15.6%). Net result +186.8k NOK → -660.8k NOK. Equity 286.0k NOK → -946.7k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A JONASSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.37m NOK to 2.74m NOK (+15.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.59× → 1.03×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +94.6k NOK → -505.7k NOK (op. margin 4.0% → -18.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 186.8k NOK profit to a loss of 660.8k NOK. Calculated
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↓
Equity eroded
Book equity 286.0k NOK → -946.7k NOK (equity ratio 43.0% → -232.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -232.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 445.7k NOK → 818.7k NOK (19% → 30% of revenue). Calculated
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COGS moved
COGS / varekostnad 582.7k NOK → 1.66m NOK (+184.9% YoY). Calculated