A-MEDIA AS: årsregnskap 2005 vs 2004
Another loss-making year
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A-MEDIA AS. Revenue 5.62m NOK → 5.63m NOK (+0.1%). Equity 93.0k NOK → -1.21m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for A-MEDIA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.62m NOK to 5.63m NOK (+0.1% YoY). Calculated
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↑
Operating result improved
Operating result +28.7k NOK → +480.4k NOK (op. margin 0.5% → 8.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 93.0k NOK → -1.21m NOK (equity ratio 4.1% → -45.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 9.16× → 0.81× — 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 -45.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 578.01m NOK → 578.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 3.46m NOK → 3.69m NOK (62% → 66% of revenue). Calculated