ABSOLUTESKILLS AS: årsregnskap 2005 vs 2004
Grew 26% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ABSOLUTESKILLS AS. Revenue 2.65m NOK → 3.35m NOK (+26.3%). Net result +772.6k NOK → +249.4k NOK. Equity 220.2k NOK → 471.6k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ABSOLUTESKILLS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.65m NOK to 3.35m NOK (+26.3% YoY). Calculated
-
↑
Operating result improved
Operating result +1.13m NOK → +1.60m NOK (op. margin 42.8% → 47.7%). Calculated
-
↑
Equity strengthened
Book equity 220.2k NOK → 471.6k NOK (equity ratio 9.9% → 16.3%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.57× → 1.17×. Calculated
What deteriorated
-
↓
Net result weakened
Net result +772.6k NOK → +249.4k NOK (net margin 29.2% → 7.5%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 1.02m NOK → 1.26m NOK (39% → 38% of revenue). Calculated
-
·
Book investments changed
Investment / intangible book value 39.5k NOK → 1.20m NOK. Reported fact