ABILITY FM AS: årsregnskap 2005 vs 2004
Cash halved-plus
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABILITY FM AS. Revenue 13.95m NOK → 14.47m NOK (+3.7%). Net result +806.2k NOK → +945.4k NOK. Equity 538.2k NOK → 536.0k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABILITY FM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 13.95m NOK to 14.47m NOK (+3.7% YoY). Calculated
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Net result improved
Net result +806.2k NOK → +945.4k NOK (net margin 5.8% → 6.5%). Calculated
What deteriorated
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Operating result weakened
Operating result +1.24m NOK → +300.9k NOK (op. margin 8.9% → 2.1%). Calculated
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Equity eroded
Book equity 538.2k NOK → 536.0k NOK (equity ratio 10.1% → 11.1%). Calculated
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Cash fell
Bank deposits 1.70m NOK → 1 694 NOK (-99.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.70m NOK → 1 694 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 9.81m NOK → 10.05m NOK (70% → 70% of revenue). Calculated
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COGS fell
COGS / varekostnad 886.0k NOK → 670.4k NOK (-24.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 50.0k NOK → 1 489 NOK. Reported fact