AB LIFTUTLEIE AS: årsregnskap 2005 vs 2004
Shrank 19% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AB LIFTUTLEIE AS. Revenue 5.34m NOK → 4.30m NOK (-19.5%). Net result +900.9k NOK → +485.5k NOK. Equity 771.6k NOK → 1 257 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AB LIFTUTLEIE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.26m NOK → 1.11m NOK (24% → 26% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.34m NOK to 4.30m NOK (-19.5% YoY). Calculated
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↓
Operating result weakened
Operating result +1.40m NOK → +739.2k NOK (op. margin 26.2% → 17.2%). Calculated
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↓
Net result weakened
Net result +900.9k NOK → +485.5k NOK (net margin 16.9% → 11.3%). Calculated
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↓
Equity eroded
Book equity 771.6k NOK → 1 257 NOK (equity ratio 14.6% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 17.29m NOK → 17.13m NOK (-0.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 26.2k NOK → 19.2k NOK. Reported fact