ABO PLAN & ARKITEKTUR AS: årsregnskap 2005 vs 2004
A steady year on the published lines
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABO PLAN & ARKITEKTUR AS. Revenue 17.50m NOK → 17.06m NOK (-2.5%). Equity 677.9k NOK → 600.2k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABO PLAN & ARKITEKTUR AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +637.4k NOK → +1.27m NOK (op. margin 3.6% → 7.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 17.50m NOK to 17.06m NOK (-2.5% YoY). Calculated
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↓
Equity eroded
Book equity 677.9k NOK → 600.2k NOK (equity ratio 10.0% → 8.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 11.00m NOK → 12.70m NOK (63% → 74% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.88m NOK → 1.02m NOK (-64.5% YoY). Calculated