ABK-QVILLER AS: årsregnskap 2005 vs 2004
Grew 66% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABK-QVILLER AS. Revenue 41.90m NOK → 69.70m NOK (+66.4%). Net result -350.3k NOK → +926.6k NOK. Equity 2.26m NOK → 5.19m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ABK-QVILLER AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 41.90m NOK to 69.70m NOK (+66.4% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 350.3k NOK to a profit of 926.6k NOK. Calculated
-
↑
Equity strengthened
Book equity 2.26m NOK → 5.19m NOK (equity ratio 10.9% → 12.7%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.93× → 1.09×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +110.41m NOK → +9 143 NOK (op. margin 263.5% → 0.0%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 9.51m NOK → 9.60m NOK (23% → 14% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 24.46m NOK → 42.72m NOK (+74.7% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 5 167 NOK → 916.3k NOK. Reported fact