ABCGRAFISK AS: årsregnskap 2005 vs 2004
Weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABCGRAFISK AS. Revenue 3.06m NOK → 2.98m NOK (-2.5%). Net result +298.2k NOK → +46.9k NOK. Equity 451.1k NOK → 625.5k 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: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABCGRAFISK AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 451.1k NOK → 625.5k NOK (equity ratio 19.6% → 13.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 2.33×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.06m NOK to 2.98m NOK (-2.5% YoY). Calculated
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↓
Operating result weakened
Operating result +360.5k NOK → +88.1k NOK (op. margin 11.8% → 3.0%). Calculated
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↓
Net result weakened
Net result +298.2k NOK → +46.9k NOK (net margin 9.8% → 1.6%). Calculated
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↓
Cash fell
Bank deposits 452.6k NOK → 73.8k NOK (-83.7% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 200.0k NOK → 345 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 913.3k NOK → 854.2k NOK (-6.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 39.2k NOK → 0 NOK. Reported fact