A-OPTIKK AS: årsregnskap 2005 vs 2004
Weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A-OPTIKK AS. Revenue 5.78m NOK → 5.54m NOK (-4.2%). Net result +516.2k NOK → +254.5k NOK. Equity 201.8k NOK → 456.3k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for A-OPTIKK AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 201.8k NOK → 456.3k NOK (equity ratio 10.1% → 17.3%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 5.78m NOK to 5.54m NOK (-4.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +787.7k NOK → +462.8k NOK (op. margin 13.6% → 8.4%). Calculated
-
↓
Net result weakened
Net result +516.2k NOK → +254.5k NOK (net margin 8.9% → 4.6%). Calculated
-
↓
Cash fell
Bank deposits 7.30m NOK → 896.0k NOK (-87.7% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 970.8k NOK → 1.02m NOK (17% → 18% of revenue). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (7.30m NOK → 896.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS fell
COGS / varekostnad 2.88m NOK → 2.75m NOK (-4.5% YoY). Calculated