A-VET SMÅDYRKLINIKK AS: årsregnskap 2005 vs 2004
Slipped into loss
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for A-VET SMÅDYRKLINIKK AS. Revenue 3.74m NOK → 3.92m NOK (+4.7%). Net result +26.9k NOK → -8 134 NOK. Equity -14.1k NOK → -22.3k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for A-VET SMÅDYRKLINIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.74m NOK to 3.92m NOK (+4.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.36× → 19.09×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +53.7k NOK → +20.4k NOK (op. margin 1.4% → 0.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 26.9k NOK profit to a loss of 8 134 NOK. Calculated
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↓
Equity eroded
Book equity -14.1k NOK → -22.3k NOK (equity ratio -1.2% → -5.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.06m NOK → 1.18m NOK (28% → 30% of revenue). Calculated
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COGS fell
COGS / varekostnad 1.11m NOK → 123.6k NOK (-88.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 7 490 NOK → 1 070 NOK. Reported fact