AB FJORDLAND AS: årsregnskap 2005 vs 2004
Grew 3168% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AB FJORDLAND AS. Revenue 3 106 NOK → 101.5k NOK (+3167.9%). Net result -143.6k NOK → -26.8k NOK. Equity -612.9k NOK → -639.7k NOK.
On the constructive side: revenue rose; net result improved; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AB FJORDLAND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3 106 NOK to 101.5k NOK (+3167.9% YoY). Calculated
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↑
Net result improved
Net result -143.6k NOK → -26.8k NOK (net margin -4623.2% → -26.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.74× → 6.26×. Calculated
What deteriorated
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↓
Equity eroded
Book equity -612.9k NOK → -639.7k NOK (equity ratio -38.6% → -39.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -39.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation