ABACTUS AS: årsregnskap 2005 vs 2004
Grew 544% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABACTUS AS. Revenue 1.26m NOK → 8.15m NOK (+543.9%). Net result +43.9k NOK → +6.36m NOK. Equity 1 461 NOK → 4 898 NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ABACTUS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.26m NOK to 8.15m NOK (+543.9% YoY). Calculated
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Operating result improved
Operating result +4.03m NOK → +7.74m NOK (op. margin 318.6% → 95.0%). Calculated
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Net result improved
Net result +43.9k NOK → +6.36m NOK (net margin 3.5% → 78.1%). Calculated
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Equity strengthened
Book equity 1 461 NOK → 4 898 NOK (equity ratio 0.1% → 0.0%). 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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Payroll increased
Salary cost 13.1k NOK → 23.5k NOK (1% → 0% of revenue). Calculated