ABC METALL AS: årsregnskap 2005 vs 2004
Shrank 51% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABC METALL AS. Revenue 942.8k NOK → 462.6k NOK (-50.9%). Net result +542.4k NOK → +294.5k NOK. Equity 143.9k NOK → 438.5k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABC METALL AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 143.9k NOK → 438.5k NOK (equity ratio 10.0% → 34.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.23× → 1.10×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 942.8k NOK to 462.6k NOK (-50.9% YoY). Calculated
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↓
Operating result weakened
Operating result +765.4k NOK → +413.3k NOK (op. margin 81.2% → 89.4%). Calculated
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↓
Net result weakened
Net result +542.4k NOK → +294.5k NOK (net margin 57.5% → 63.7%). Calculated
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↓
Cash fell
Bank deposits 485.4k NOK → 214.3k NOK (-55.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 30.2k NOK → -411.0k NOK (-1461.3% YoY). Calculated