ABRAHAMSEN DAGLIGVARE AS: årsregnskap 2005 vs 2004
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABRAHAMSEN DAGLIGVARE AS. Revenue 3.58m NOK → 3.73m NOK (+4.2%). Net result -167.8k NOK → -113.7k NOK. Equity 124.0k NOK → 10.3k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ABRAHAMSEN DAGLIGVARE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.58m NOK to 3.73m NOK (+4.2% YoY). Calculated
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↑
Net result improved
Net result -167.8k NOK → -113.7k NOK (net margin -4.7% → -3.1%). Calculated
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↑
Payroll decreased
Salary cost 557.6k NOK → 363.6k NOK (16% → 10% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 124.0k NOK → 10.3k NOK (equity ratio 17.4% → 1.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.01× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 2.77m NOK → 2.95m NOK (+6.4% YoY). Calculated