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Org.nr 971 597 275 2004 → 2005 Year-over-year analysis

ABACOM AS: årsregnskap 2005 vs 2004

Shrank 20% on revenue, stronger earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2005 with 2004 for ABACOM AS. Revenue 5.94m NOK → 4.77m NOK (-19.8%). Net result +6 832 NOK → +60.9k NOK. Equity 335.8k NOK → 161.7k NOK.

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

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

At a glance

Scorecard

Revenue
5.94m NOK 4.77m NOK
-19.8%
Operating result
+1.40m NOK +143.2k NOK
-89.8%
Net result
+6 832 NOK +60.9k NOK
+791.9%
Equity
335.8k NOK 161.7k NOK
-51.8%
Total assets
3.35m NOK 2.56m NOK
-23.6%

What improved

  • ↑

    Net result improved

    Net result +6 832 NOK → +60.9k NOK (net margin 0.1% → 1.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.94m NOK to 4.77m NOK (-19.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.40m NOK → +143.2k NOK (op. margin 23.6% → 3.0%). Calculated

  • ↓

    Equity eroded

    Book equity 335.8k NOK → 161.7k NOK (equity ratio 10.0% → 6.3%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 287.9k NOK → 299.5k NOK (5% → 6% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 2.10m NOK → 1.62m NOK (-22.7% YoY). Calculated