AB-M AS: årsregnskap 2005 vs 2004
Shrank 16% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AB-M AS. Revenue 3.95m NOK → 3.32m NOK (-15.9%). Net result +110.9k NOK → -95.3k NOK. Equity -5 611 NOK → -100.9k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AB-M AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.95m NOK to 3.32m NOK (-15.9% YoY). Calculated
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Fell into a net loss
Net result flipped from 110.9k NOK profit to a loss of 95.3k NOK. Calculated
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Equity eroded
Book equity -5 611 NOK → -100.9k NOK (equity ratio -0.9% → -20.2%). Calculated
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Payroll up without matching revenue
Salary cost 283.1k NOK → 314.6k NOK (7% → 9% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -20.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 3.29m NOK → 2.93m NOK (-11.0% YoY). Calculated