ABA-TECH AS: årsregnskap 2005 vs 2004
Grew 57% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABA-TECH AS. Revenue 8.66m NOK → 13.56m NOK (+56.7%). Equity 514.7k NOK → 485.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABA-TECH AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.66m NOK to 13.56m NOK (+56.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +509.9k NOK → +20.8k NOK (op. margin 5.9% → 0.2%). Calculated
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↓
Equity eroded
Book equity 514.7k NOK → 485.0k NOK (equity ratio 10.1% → 9.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 3.66m NOK → 7.63m NOK (+108.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 428.9k NOK → 59.5k NOK. Reported fact