FirmaIQ
Org.nr 962 367 593 2004 → 2005 Year-over-year analysis

AB ELEKTRISK AS: årsregnskap 2005 vs 2004

Grew 12% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2005 with 2004 for AB ELEKTRISK AS. Revenue 3.89m NOK → 4.37m NOK (+12.1%). Net result +312.5k NOK → +190.8k NOK. Equity 340.1k NOK → 311.8k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AB ELEKTRISK AS.

At a glance

Scorecard

Revenue
3.89m NOK 4.37m NOK
+12.1%
Operating result
+443.9k NOK +280.8k NOK
-36.7%
Net result
+312.5k NOK +190.8k NOK
-39.0%
Equity
340.1k NOK 311.8k NOK
-8.3%
Total assets
3.40m NOK 3.75m NOK
+10.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.89m NOK to 4.37m NOK (+12.1% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +443.9k NOK → +280.8k NOK (op. margin 11.4% → 6.4%). Calculated

  • ↓

    Net result weakened

    Net result +312.5k NOK → +190.8k NOK (net margin 8.0% → 4.4%). Calculated

  • ↓

    Equity eroded

    Book equity 340.1k NOK → 311.8k NOK (equity ratio 10.0% → 8.3%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 8.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 1.55m NOK → 1.87m NOK (40% → 43% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 1.14m NOK → 258.6k NOK (-77.2% YoY). Calculated