ABRY KAVANAGH SOLUTIONS AS: årsregnskap 2005 vs 2004
Returned to profit
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABRY KAVANAGH SOLUTIONS AS. Net result -35.8k NOK → +117.8k NOK. Equity 64.2k NOK → -53.8k NOK.
On the constructive side: turned profitable. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABRY KAVANAGH SOLUTIONS AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 35.8k NOK to a profit of 117.8k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -21.6k NOK → -117.8k NOK. Calculated
-
↓
Equity eroded
Book equity 64.2k NOK → -53.8k NOK (equity ratio 21.7% → -80.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.28× → 0.55× — 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 -80.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation