ABILDSØ ELEKTRISKE AS: årsregnskap 2005 vs 2004
Grew 41% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABILDSØ ELEKTRISKE AS. Revenue 8.08m NOK → 11.38m NOK (+40.8%). Net result +274.9k NOK → -178.3k NOK. Equity 319.9k NOK → 141.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ABILDSØ ELEKTRISKE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.08m NOK to 11.38m NOK (+40.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +397.3k NOK → -156.8k NOK (op. margin 4.9% → -1.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 274.9k NOK profit to a loss of 178.3k NOK. Calculated
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↓
Equity eroded
Book equity 319.9k NOK → 141.6k NOK (equity ratio 10.0% → 3.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3.76m NOK → 5.41m NOK (47% → 48% of revenue). Calculated