ABORDA STILLAS AS: årsregnskap 2005 vs 2004
Grew 521% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABORDA STILLAS AS. Revenue 554.4k NOK → 3.44m NOK (+521.2%). Net result +341.4k NOK → -140.1k NOK. Equity 344.5k NOK → 204.4k NOK.
On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABORDA STILLAS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 554.4k NOK to 3.44m NOK (+521.2% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.63× → 5.49×. Calculated
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↑
Payroll decreased
Salary cost 813.4k NOK → 48.6k NOK (147% → 1% of revenue). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 341.4k NOK profit to a loss of 140.1k NOK. Calculated
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↓
Equity eroded
Book equity 344.5k NOK → 204.4k NOK (equity ratio 12.1% → 6.6%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 215.2k NOK → 36.4k NOK (-83.1% YoY). Calculated