A. SPORT AS: årsregnskap 2005 vs 2004
Grew 173% on revenue, returned to profit, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A. SPORT AS. Revenue 84.4k NOK → 230.3k NOK (+173.0%). Net result -9 310 NOK → +137.3k NOK. Equity -69.4k NOK → 67.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for A. SPORT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 84.4k NOK to 230.3k NOK (+173.0% YoY). Calculated
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Operating result improved
Operating result -9 310 NOK → +137.8k NOK (op. margin -11.0% → 59.8%). Calculated
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Turned profitable
Net result flipped from a loss of 9 310 NOK to a profit of 137.3k NOK. Calculated
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Equity strengthened
Book equity -69.4k NOK → 67.9k NOK (equity ratio -262.5% → 33.4%). Calculated
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Current ratio back above 1×
Current ratio 0.28× → 1.50×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 26.4k NOK → 3 949 NOK (-85.1% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 61.8k NOK → 56.4k NOK (-8.8% YoY). Calculated