A-TECH PROFFSERVICE AS: årsregnskap 2005 vs 2004
Grew 62% on revenue, slipped into loss, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A-TECH PROFFSERVICE AS. Revenue 1.20m NOK → 1.95m NOK (+62.1%). Net result +2.42m NOK → -6.35m NOK. Equity 283.1k NOK → -6.63m NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: fell into a net loss; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A-TECH PROFFSERVICE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.20m NOK to 1.95m NOK (+62.1% YoY). Calculated
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Owners injected capital
Paid-in equity rose 100.0k NOK → 2.10m NOK (+2.00m NOK). Reported fact
What deteriorated
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↓
Fell into a net loss
Net result flipped from 2.42m NOK profit to a loss of 6.35m NOK. Calculated
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↓
Equity eroded
Book equity 283.1k NOK → -6.63m NOK (equity ratio 4.2% → -302.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.47× → 0.84× — 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 -302.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 630.1k NOK → 1.18m NOK (52% → 60% of revenue). Calculated
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COGS moved
COGS / varekostnad 906 NOK → 162.2k NOK (+17797.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 753 NOK → 3 824 NOK. Reported fact