A. M. LIAAEN AS: årsregnskap 2005 vs 2004
Shrank 98% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A. M. LIAAEN AS. Revenue 55.26m NOK → 1.21m NOK (-97.8%). Equity 28.45m NOK → 16.41m NOK.
On the constructive side: operating result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for A. M. LIAAEN AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -3.19m NOK → -1.48m NOK (op. margin -5.8% → -122.1%). Calculated
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Cash rose
Bank deposits 6.10m NOK → 7.69m NOK (+25.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.12× → 4497.64×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 55.26m NOK to 1.21m NOK (-97.8% YoY). Calculated
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↓
Equity eroded
Book equity 28.45m NOK → 16.41m NOK (equity ratio 38.2% → 51.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost -28.08m NOK → 1.53m NOK (-51% → 126% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 44.78m NOK → 12.76m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad -20.86m NOK → -46.95m NOK (-125.1% YoY). Calculated