A OVA AS: årsregnskap 2005 vs 2004
Stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A OVA AS. Revenue 296.9k NOK → 306.3k NOK (+3.2%). Net result +1 140 NOK → +43.7k NOK. Equity 854.6k NOK → 898.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 296.9k NOK to 306.3k NOK (+3.2% YoY). Calculated
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↑
Operating result improved
Operating result +6 820 NOK → +25.1k NOK (op. margin 2.3% → 8.2%). Calculated
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Net result improved
Net result +1 140 NOK → +43.7k NOK (net margin 0.4% → 14.3%). Calculated
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Equity strengthened
Book equity 854.6k NOK → 898.3k NOK (equity ratio 52.5% → 58.3%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 146.3k NOK → 46.9k NOK (-67.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 7.15× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated